Fundamentals of Corporate Finance 10th Edition by Richard Brealey

Fundamentals of Corporate Finance 10th Edition by Richard BrealeyBy: Richard BrealeyPublisher: McGraw-Hill Higher EducationPrint ISBN: 9781260013962, 1260013960other ISBN: 9781260703931, 1260703932Edition: 10thCopyright year: 2020This book is an introduction to corporate finance. It focuses on how companies investin real assets, how they raise the money to pay for the investments, and how thoseassets ultimately affect the value of the firm. It also provides a broad overview of thefinancial landscape, discussing, for example, the major players in financial markets,the role of financial institutions in the economy, and how securities are traded andvalued by investors. The book offers a framework for systematically thinking aboutmost of the important financial problems that both firms and individuals are likely toconfront.Financial management is important, interesting, and challenging. It is importantbecause today?s capital investment decisions may determine the businesses that thefirm is in 10, 20, or more years ahead. Needless to say, a firm?s success or failurealso depends, in large part, on its ability to find the capital that it requires.Finance is interesting for several reasons. Financial decisions often involve hugesums of money. Large investment projects or acquisitions may involve billions of dollars.Also, the financial community is international and fast-moving, with colorfulheroes and a sprinkling of unpleasant villains.Finance is challenging. Financial decisions are rarely cut and dried, and the financialmarkets in which companies operate are changing rapidly. Good managers cancope with routine problems, but only the best managers can respond to change. Tohandle new problems, you need more than rules of thumb; you need to understandwhy companies and financial markets behave as they do and when common practicemay not be best practice. Once you have a consistent framework for making financialdecisions, complex problems become more manageable.This book provides that framework. It is not an encyclopedia of finance. Itfocuses instead on setting out the basic principles of financial management andapplying them to the main decisions faced by the financial manager. It explainshow managers can make choices between investments that may pay off at differentpoints of time or have different degrees of risk. It also describes the main featuresof financial markets and discusses why companies may prefer a particular sourceof finance.