Lessons in Corporate Finance: A Case Studies Approach to Financial Tools, Financial Policies, and Valuation

  • 12h 13m
  • Lawrence A. Weiss, Paul Asquith
  • John Wiley & Sons (US)
  • 2016

A discussion-based learning approach to corporate finance fundamentals

Lessons in Corporate Finance explains the fundamentals of the field in an intuitive way, using a unique Socratic question and answer approach. Written by award-winning professors at M.I.T. and Tufts, this book draws on years of research and teaching to deliver a truly interactive learning experience. Each case study is designed to facilitate class discussion, based on a series of increasingly detailed questions and answers that reinforce conceptual insights with numerical examples. Complete coverage of all areas of corporate finance includes capital structure and financing needs along with project and company valuation, with specific guidance on vital topics such as ratios and pro formas, dividends, debt maturity, asymmetric information, and more.

Corporate finance is a complex field composed of a broad variety of sub-disciplines, each involving a specific skill set and nuanced body of knowledge. This text is designed to give you an intuitive understanding of the fundamentals to provide a solid foundation for more advanced study.

  • Identify sources of funding and corporate capital structure
  • Learn how managers increase the firm's value to shareholders
  • Understand the tools and analysis methods used for allocation
  • Explore the five methods of valuation with free cash flow to firm and equity

Navigating the intricate operations of corporate finance requires a deep and instinctual understanding of the broad concepts and practical methods used every day. Interactive, discussion-based learning forces you to go beyond memorization and actually apply what you know, simultaneously developing your knowledge, skills, and instincts. Lessons in Corporate Finance provides a unique opportunity to go beyond traditional textbook study and gain skills that are useful in the field.

About the Authors

PAUL ASQUITH is the Gordon Y. Billard professor of finance at M.I.T.'s Sloan School. He is a specialist in corporate finance and has written on all areas of corporate finance including mergers, LBOs, equity issues, dividend policy, and more.

LAWRENCE A. WEISS is professor of International Accounting at The Fletcher School of Law and Diplomacy at Tufts University. He is a specialist in accounting and finance and has written on corporate bankruptcy, firm performance, international accounting, mergers, and more.

In this Book

  • Introduction
  • Determining a Firm's Financial Health (PIPES-A)
  • Pro Forma Forecasts (PIPES-B)
  • The Impact of Seasonality on a Firm's Funding (PIPES-C)
  • Why Financing Matters (Massey Ferguson)
  • An Introduction to Capital Structure Theory
  • Capital Structure Decisions (Marriott Corporation and Gary Wilson)
  • Investment Decisions (Marriott Corporation and Gary Wilson)
  • Financial Policy Decisions (AT&T: Before and After the 1984 Divestiture)
  • The Impact of Operating Strategy on Corporate Finance Policy (MCI)
  • Dividend Policy (Apple Inc.)
  • A Continuation of Capital Structure Theory
  • The Time Value of Money: Discounting and Net Present Values
  • Valuation and Cash Flows (Sungreen A)
  • Valuation (Sungreen B)
  • Valuation Nuances
  • Leveraged Buyouts and Private Equity Financing (Congoleum)
  • Mergers and Acquisitions: Strategic Issues (The Dollar Stores)
  • Valuing an Acquisition: Free Cash Flows to the Firm (The Dollar Stores)
  • Understanding Free Cash Flows (The Dollar Stores)
  • Mergers and Acquisitions: Execution (The Dollar Stores)
  • Review
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