Bierman (business administration, Cornell University) and Smidt (economics and finance, Cornell University) build on the basic capital budgeting framework in this introduction to corporate finance for a first or intermediate course in financial management. The theoretical formulations that are most
Bierman (business administration, Cornell University) and Smidt (economics and finance, Cornell University) build on the basic capital budgeting frame...
Twice in the last century the usually stalwart economy of United States has crumbled--first in 1929, when the stock market crash that led to the Great Depression hit, and again with the financial market meltdown of 2008-2009 that is still crippling much of America. While it is still too soon to state unequivocally how this latest economic disaster came about, it is possible to theorize that much of what has happened could have been foreseen and even avoided--just as it could have been in 1929.
This book accurately describes the economic situations in the United States before the 1929...
Twice in the last century the usually stalwart economy of United States has crumbled--first in 1929, when the stock market crash that led to the Gr...
As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many corporations find it difficult to compete in international markets with the result being shrinking revenue. Too many governments utilize an excessively high percentage of their nation's goods and services. In the past, some countries could afford to have a less than perfect tax system. However, wage and other labor rigidities (work rules) handcuff management. Management has become pre-occupied with non-productive pursuits, and numerous other sources of inefficiency. The objective of...
As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many corporations find it difficult to comp...
Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision. Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements.
Containing 'Global Aspects' sections that cover cross-border decision-making, this book also emphasizes the application of capital budgeting techniques to a variety of issues, including the hugely significant 'buy versus lease' decision...
Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision. Explo...
A buzzword on Wall Street, everyone is interested in increasing shareholder value. Corporate executives, CEOs, board members, and managers all talk of ways to maximize shareholder value, while growing their businesses. In Corporate Financial Strategy and Decision Making, Harold Bierman discusses all the financial strategies managers should follow to increase shareholder value. He covers corporate financial planning, financial strategies, alternative sources of funds, and other financial angles for managers of all levels. This comprehensive guide also includes in-depth explanations of dividend...
A buzzword on Wall Street, everyone is interested in increasing shareholder value. Corporate executives, CEOs, board members, and managers all talk of...
Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance.
Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting.
Features new to this edition include:
a new chapter on real options
new material on uncertainty in decision-making.
Easily...
Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a c...
Case Studies for Corporate Finance: From A (Anheuser) to Z (Zyps) provides a distinctive collection of 51 real business cases dealing with corporate finance issues over the period of 1985-2014. Written by Harold Bierman, world-renowned author in the field of corporate finance, the book spans over different areas of finance which range from capital structures to leveraged buy-outs to restructuring. While the primary focus of the case studies is the economy of the United States, other parts of the world are also represented. Notable to this comprehensive case studies book are questions to which...
Case Studies for Corporate Finance: From A (Anheuser) to Z (Zyps) provides a distinctive collection of 51 real business cases dealing with corporate f...
What actually was the economic situation in 1929 and what happened to the stock market? Harold Bierman's fresh look at the Crash of '29 provides provocative answers that challenge the facts and overturn previously held assumptions concerning the catastrophic events that led to ten years of economic depression and very likely created the fertile soil of despair and unrest that ultimately led to World War II. This cogent re-evaluation takes a different tack and arrives at a different set of conclusions than John Kenneth Galbraith's classic overview of the period, The Great Crash....
What actually was the economic situation in 1929 and what happened to the stock market? Harold Bierman's fresh look at the Crash of '29 provides pr...
Corporations earn incomes and amass wealth. There are many books offering advice how to increase the profitability of corporations by achieving excellence in operations and choosing the correct strategic path. Increasing Shareholder Value: Distribution Policy, A CorporateFinance Challenge is concerned with how the corporation should reward its shareholders after the incomes are earned. Investment decisions, capital structure, and dividend policy must be coordinated so that the well being of the firm's stockholders is considered in the planning process. The corporate...
Corporations earn incomes and amass wealth. There are many books offering advice how to increase the profitability of corporations by achieving excell...
In 1958 an academic paper on corporate finance written by two professors (Merton Miller and Frances Modigliani, who were later awarded the Nobel prize for their research efforts) was published in The American Economic Review. One prime conclusion of their paper was that the exact form of a firm's capital structure did not affect the firm's value.
Later papers by the same two authors and by many others modified the assumptions and changed this conclusion. We now think that capital structure decisions do affect a firm's value and corporate managers should understand better the...
In 1958 an academic paper on corporate finance written by two professors (Merton Miller and Frances Modigliani, who were later awarded the Nobel pr...