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

  • 12h 48m
  • Lawrence A. Weiss, Paul Asquith
  • John Wiley & Sons (US)
  • 2019

An intuitive introduction to fundamental corporate finance concepts and methods

Lessons in Corporate Finance, Second Edition offers a comprehensive introduction to the subject, using a unique interactive question and answer-based approach. Asking a series of increasingly difficult questions, this text provides both conceptual insight and specific numerical examples. Detailed case studies encourage class discussion and provide real-world context for financial concepts. The book provides a thorough coverage of corporate finance including ratio and pro forma analysis, capital structure theory, investment and financial policy decisions, and valuation and cash flows provides a solid foundational knowledge of essential topics. This revised and updated second edition includes new coverage of the U.S. Tax Cuts and Jobs Act of 2017 and its implications for corporate finance valuation.

Written by acclaimed professors from MIT and Tufts University, this innovative text integrates academic research with practical application to provide an in-depth learning experience. Chapter summaries and appendices increase student comprehension. Material is presented from the perspective of real-world chief financial officers making decisions about how firms obtain and allocate capital, including how to:

  • Manage cash flow and make good investment and financing decisions
  • Understand the five essential valuation methods and their sub-families
  • Execute leveraged buyouts, private equity financing, and mergers and acquisitions
  • Apply basic corporate finance tools, techniques, and policies

Lessons in Corporate Finance, Second Edition provides an accessible and engaging introduction to the basic methods and principles of corporate finance. From determining a firm’s financial health to valuation nuances, this text provides the essential groundwork for independent investigation and advanced study.

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 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)
  • Dividends and Stock Repurchases (Apple Inc.)
  • A Continuation of Capital Structure Theory
  • Restructuring and Bankruptcy—When Things Go Wrong (Avaya Holdings)
  • 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
  • Glossary
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