Название: Corporate Finance: The Core, Global Edition, 5th Edition
Автор: Jonathan Berk, Peter DeMarzo
Издательство: Pearson
Год: 2022
Страниц: 811
Язык: английский
Формат: pdf (true)
Размер: 20.6 MB
For MBA/graduate students taking a course in corporate finance. The core concepts in finance are simple and intuitive. What makes the subject challenging is that it is often difficult for a novice to distinguish between these core ideas and other intuitively appealing approaches that, if used in financial decision making, will lead to incorrect decisions. Nothing has changed in the intervening years. De-emphasizing the core concepts that underlie finance strips students of the essential intellectual tools they need to differentiate between good and bad decision making. The book’s continued success is a testament to the value of this approach. We present corporate finance as an application of a set of simple, powerful ideas. At the heart is the principal of the absence of arbitrage opportunities, or Law of One Price—in life, you don’t get something for nothing. This simple concept is a powerful and important tool in financial decision making. By relying on it, and the other core principles in this book, financial decision makers can avoid the bad decisions brought to light by the financial crisis and still ongoing every day.