Describes the theory and practice of corporate finance. This book shows how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do.

Addresses questions such as: why do different countries have such different financial systems?, and is one system better than the other? The text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.

Shows how managers use financial theory to solve practical problems. This book covers the time value of money, the valuation of bonds and stocks, and practical capital budgeting decisions. It discusses market efficiency, payout policy, and capital structure, option valuation, and long and short-term financial planning.

A useful tool, which contains an introduction to each chapter, key concepts, examples, exercises and solutions, and a complete chapter summary.

Describes the theory and practice of corporate finance. This book shows how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive and the material is presented at a common sense level.

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What causes a financial crisis? Can crises be anticipated or even avoided? Should governments and international institutions intervene? Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises and use the latest economic theories to begin to understand the causes and consequences of financial crises.