product title: Corporate Finance, Global Edition, 6th edition

For a two-semester course

Using the valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance texts. Corporate Finance blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. You can practice finance to learn finance by solving problems like those faced by today's professionals.

The 6th Edition features the latest research, data, events and technologies to help you develop the tools you need to make sound financial decisions.

Format types

MyLab with eText = Access to the blended learning platform, merging digital content with complementary homework, tutorials, and assessments. Includes the accompanying eText.

eTextbook = A standalone digital replacement of a print textbook. You have 3 access durations to choose from to best suit your course. (180 day/12 month/5 years). Does not include access to the MyLab platform.

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MyLab is an innovative online learning platform to support you in your educational journey. It offers a range of interactive and personalized resources tailored to various subjects, helping you to better understand and retain course material. 

Key benefits of MyLab include immediate feedback on assignments and quizzes, allowing you to learn from your mistakes in real-time. Additionally, the platform provides a wealth of practice exercises, tutorials, and multimedia resources that cater to different learning styles.

New to this edition

• Coverage of stakeholder and ESG concerns puts them in the context of the shareholder value maximisation goal (Ch. 1). 
• Content on leasing reflects accounting treatment changes (Ch. 25).
• Section on SPACs examines equity-raising (Ch. 14).
• Discussion on market efficiency includes cryptocurrencies and bubbles (Ch. 10).
• Global Financial Crisis boxes include discussion of the COVID-19 pandemic.
• 4 new Practitioner Interviews share insights from leaders in the field. Fahmi Qadi addresses the role of short sellers in markets.
• Data Cases let students apply the material with realistic data-analysing exercises and problems.
• Tables, figures, and facts reflect current data and developments in the field over the last few years.

• PART 1: INTRODUCTION
• The Corporation and Financial Markets
• Introduction to Financial Statement Analysis
• Financial Decision Making and the Law of One Price
• PART 2: TIME, MONEY, AND INTEREST RATES
• The Time Value of Money
• Interest Rates
• Valuing Bonds
• PART 3: VALUING PROJECTS AND FIRMS
• Investment Decision Rules
• Fundamentals of Capital Budgeting
• Valuing Stocks
• PART 4: RISK AND RETURN
• Capital Markets and the Pricing of Risk
• Optimal Portfolio Choice and the Capital Asset Pricing Model
• Estimating the Cost of Capital
• Investor Behavior and Capital Market Efficiency
• PART 5: CAPITAL STRUCTURE
• Capital Structure in a Perfect Market
• Debt and Taxes
• Financial Distress, Managerial Incentives, and Information
• Payout Policy
• PART 6: ADVANCED VALUATION
• Capital Budgeting and Valuation with Leverage
• Valuation and Financial Modeling: A Case Study
• PART 7: OPTIONS
• Financial Options
• Option Valuation
• Real Options
• PART 8: LONG-TERM FINANCING
• Raising Equity Capital
• Debt Financing
• Leasing
• PART 9: SHORT-TERM FINANCING
• Working Capital Management
• Short-Term Financial Planning
• PART 10: SPECIAL TOPICS
• Mergers and Acquisitions
• Corporate Governance
• Risk Management
• International Corporate Finance