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ISBN-10 0071062572ISBN-13 9780071062572
ISBN-10 0-07-105160-0ISBN-13 978-0-07-105160-6
Author(s): Ross, Stephen; Westerfield, Randolph; Jordan, Bradford; Roberts, Gordon
Publisher: McGraw-Hill Ryerson Ltd. Canada
Copyright year: © 2013 Pages: 832

With the CourseSmart eTextbook version of this title, students can save up to 50% off the cost of a print book, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for a print desk copy. CourseSmart is an online eTextbook, which means users need to be connected to the internet in order to access. Students can also print sections of the book for maximum portability. Fundamentals of Corporate Finance continues its tradition of excellence that has earned it its status as a market leader. Rapid and extensive changes in financial markets and instruments have placed new burdens on the teaching of corporate finance in Canada. As a result, every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. Our text is written with one strongly held principle that corporate finance should be developed and taught in terms of a few integrated powerful ideas: Emphasis on Intuition, Unified Valuation Approach, and Managerial Emphasis. An Emphasis on Intuition. We are always careful to separate and explain the principles at work on an intuitive level before launching into any specifics. The underlying ideas are discussed first in very general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. A Unified Valuation Approach. We treat net present value (NPV) as the basic concept underlying corporate finance. Many texts stop well short of consistently integrating this important principle, and the most basic notion--that NPV represents the excess of market value over cost--tends to get lost in an overly mechanical approach to NPV that emphasizes computation at the expense of understanding. Every concept covered in our text is firmly rooted in valuation, and care is taken throughout the chapters to explain how particular decisions have valuation effects. A Managerial Focus. Students will not lose sight of the fact that financial management concerns management. Throughout the text, the role of the financial manager as decision maker is emphasized, and the need for managerial input and judgment is stressed. “Black box” approaches to finance are consciously avoided. These three themes work together to provide a sound foundation and a practical and workable understanding of how to evaluate and make financial decisions. ACCESS TO CONNECT IS NOT INCLUDED WITH THE PURCHASE OF A COURSESMART TITLE. TO RECEIVE CONNECT WITH EBOOK visit