Corporate finance:
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Boston, Mass. [u.a.]
McGraw-Hill
2005
|
| Ausgabe: | 7. ed., internat. ed. |
| Schriftenreihe: | The McGraw-Hill/Irwin series in finance, insurance, and real estate
|
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | System requirements: PC: Pentium based processor, Microsoft Windows 98/2000/XP, Microsoft Internet Explorer 5.5 as Default Browser, Microsoft Office or equivalent |
| Beschreibung: | XXXIII, 942 S. graph. Darst. + 1 CD-ROM, 1 Beil. |
| ISBN: | 0071238441 |
Internformat
MARC
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| 100 | 1 | |a Ross, Stephen A. |d 1944-2017 |e Verfasser |0 (DE-588)128781408 |4 aut | |
| 245 | 1 | 0 | |a Corporate finance |c Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| 250 | |a 7. ed., internat. ed. | ||
| 264 | 1 | |a Boston, Mass. [u.a.] |b McGraw-Hill |c 2005 | |
| 300 | |a XXXIII, 942 S. |b graph. Darst. + 1 CD-ROM, 1 Beil. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a The McGraw-Hill/Irwin series in finance, insurance, and real estate | |
| 500 | |a System requirements: PC: Pentium based processor, Microsoft Windows 98/2000/XP, Microsoft Internet Explorer 5.5 as Default Browser, Microsoft Office or equivalent | ||
| 700 | 1 | |a Westerfield, Randolph |e Verfasser |0 (DE-588)121792250 |4 aut | |
| 700 | 1 | |a Jaffe, Jeffrey F. |e Verfasser |4 aut | |
| 856 | 4 | 2 | |m OEBV Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018822217&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-018822217 | ||
Datensatz im Suchindex
| _version_ | 1804140952184422400 |
|---|---|
| adam_text | I 1 INTRODUCTION TO CORPORATE FINANCE 2 2 ACCOUNTING STATEMENTS AND CASH
FLOW 21 APPENDIX 2A FINANCIAL STATEMENT ANALYSIS 34 APPENDIX 2B U.S.
FEDERAL TAX RATES 42 3 FINANCIAL PLANNING AND GROWTH 44 IL 4 NET PRESENT
VALUE 60 APPENDIX 4A NET PRESENT VALUE: FIRST PRINCIPLES OF FINANCE 94 5
HOW TO VALUE BONDS AND STOCKS 106 APPENDIX 5A THE TERM STRUCTURE OF
INTEREST RATES, SPOT RATES, AND YIELD TO MATURITY 134 6 SOME ALTERNATIVE
INVESTMENT RULES 144 7 NET PRESENT VALUE AND CAPITAL BUDGETING 178
APPENDIX 7A DEPRECIATION 209 8 RISK ANALYSIS, REAL OPTIONS, AND CAPITAL
BUDGETING 211 III 9 CAPITAL MARKET THEORY: AN OVERVIEW 234 APPENDIX 9A
THE HISTORICAL MARKET RISK PREMIUM: THE VERY LONG RUN 253 10 RETURN AND
RISK: THE CAPITAL-ASSET-PRICING MODEL (CAPM) 255 APPENDIX I0A IS BETA
DEAD? 295 11 AN ALTERNATIVE VIEW OF RISK AND RETURN: THE ARBITRAGE
PRICING THEORY 297 12 RISK, COST OF CAPITAL, AND CAPITAL BUDGETING 318
APPENDIX I2A ECONOMIC VALUE ADDED AND THE MEASUREMENT OF FINANCIAL
PERFORMANCES 343 IV 13 CORPORATE-FINANCING DECISIONS AND EFFICIENT
CAPITAL MARKETS 349 14 LONG-TERM FINANCING: AN INTRODUCTION 38 4 15
CAPITAL STRUCTURE: BASIC CONCEPTS 402 16 CAPITAL STRUCTURE: LIMITS TO
THE USE OF DEBT 433 APPENDIX I6A SOME USEFUL FORMULAS OF FINANCIAL
STRUCTURE 472 APPENDIX I6B THE MILLER MODEL AND THE GRADUATED INCOME TAX
473 17 VALUATION AND CAPITAL BUDGETING FOR THE LEVERED FIRM * 477
APPENDIX I7A THE ADJUSTED-PRESENT-VALUE APPROACH TO VALUING LEVERAGED
BUYOUTS 497 18 DIVIDENDS AND OTHER PAYOUTS 502 APPENDIX 18A STOCK
DIVIDENDS AND STOCK SPLITS 535 V 19 ISSUING SECURITIES TO THE PUBLIC 540
20 LONG-TERM DEBT 569 21 LEASING 593 APPENDIX 21A APV APPROACH TO
LEASING 614 BRIEF CONTENTS VI V1H OPTIONS, FUTURES, AND CORPORATE
FINANCE 22 OPTIONS AND CORPORATE FINANCE: BASIC CONCEPTS 618 23 OPTIONS
AND CORPORATE FINANCE: EXTENSIONS AND APPLICATIONS 655 24 WARRANTS AND
CONVERTIBLES 677 25 DERIVATIVES AND HEDGING RISK 696 VII SHORT-TERM
FINANCE 26 SHORT-TERM FINANCE AND PLANNING 730 27 CASH MANAGEMENT 753
APPENDIX 27A ADJUSTABLE-RATE PREFERRED STOCK,AUCTION-RATE PREFERRED
STOCK, AND FLOATING-RATE CERTIFICATES OF DEPOSIT 775 28 CREDIT
MANAGEMENT 779 SPECIAL TOPICS 29 MERGERS AND ACQUISITIONS 30 FINANCIAL
DISTRESS APPENDIX 30A PREDICTING CORPORATE BANKRUPTCY: THE Z-SCORE MODEL
31 INTERNATIONAL CORPORATE FINANCE APPENDIX A MATHEMATICAL TABLES
APPENDIX B SOLUTIONS TO SELECTED END-OF-CHAPTER PROBLEMS GLOSSARY NAME
INDEX SUBJECT INDEX 795 796 830 845 847 871 887 891 909 914 PREFACE VIII
* I I INTRODUCTION TO CORPORATE FINANCE 2 EXECUTIVE SUMMARY 2 1.1 WHAT
IS CORPORATE FINANCE? 3 THE BALANCE-SHEET MODEL OF THE FIRM 3 CAPITAL
STRUCTURE 4 THE FINANCIAL MANAGER 5 1.2 CORPORATE SECURITIES AS
CONTINGENT CLAIMS ON TOTAL FIRM VALUE 9 1.3 THE CORPORATE FIRM 10 THE
SOLE PROPRIETORSHIP 10 THE PARTNERSHIP 10 THE CORPORATION I I CASE
STUDY: MAKING THE DECISION TO BECOME A CORPORATION:THE CASE OF PLM
INTERNATIONAL, INC. 12 1.4 GOALS OF THE CORPORATE FIRM 14 AGENCY COSTS
AND THE SET-OF-CONTRACTS PERSPECTIVE 14 MANAGERIAL GOALS 15 SEPARATION
OF OWNERSHIP AND CONTROL 15 DO SHAREHOLDERS CONTROL MANAGERIAL BEHAVIOR?
16 1.5 FINANCIAL MARKETS 1 7 THE PRIMARY MARKET: NEW ISSUES 17 SECONDARY
MARKETS 18 EXCHANGE TRADING OF LISTED STOCKS 18 LISTING 18 1.6 OUTLINE
OF THE TEXT 19 ACCOUNTING STATEMENTS AND CASH FLOW 21 ~ -;CUTIVE
SUMMARY 21 2.1 THE BALANCE SHEET 21 XXIV ACCOUNTING LIQUIDITY 22 DEBT
VERSUS EQUITY 23 VALUE VERSUS COST 23 2.2 THE INCOME STATEMENT 24
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 25 NONCASH ITEMS 25 TIME AND
COSTS 25 2.3 NETWORKING CAPITAL 26 2.4 FINANCIAL CASH FLOW 26 2.5 THE
ACCOUNTING STATEMENT OF CASH FLOWS 29 CASH FLOW FROM OPERATING
ACTIVITIES 29 CASH FLOW FROM INVESTING ACTIVITIES 30 CASH FLOW FROM
FINANCING ACTIVITIES 30 2.6 SUMMARY AND CONCLUSIONS 31 APPENDIX 2A
FINANCIAL STATEMENT ANALYSIS 34 APPENDIX 2B U.S. FEDERAL TAX RATES 42
FINANCIAL PLANNING AND GROWTH 44 EXECUTIWE SUMMARY 44 3.1 WHAT IS
FINANCIAL PLANNING? 44 3.2 A FINANCIAL-PLANNING MODEL: THE INGREDIENTS
45 3.3 THE PERCENTAGE SALES METHOD 47 THE INCOME STATEMENT 48 THE
BALANCE SHEET 49 3.4 WHAT DETERMINES GROWTH? 51 3.5 SOME CAVEATS OF
FINANCIAL-PLANNING MODELS 54 3.6 SUMMARY AND CONCLUSIONS 55 II NET
PRESENT VALUE 60 EXECYTIWE SUMMARY 6 4.1 THE ONE-PERIOD CASE 60
CONTENTS XXV 4.2 THE MULTIPERIOD CASE 63 FUTURE VALUE AND COMPOUNDING 63
THE POWER OF COMPOUNDING: A DIGRESSION 67 PRESENT VALUE AND DISCOUNTING
68 THE ALGEBRAIC FORMULA 71 4.3 COMPOUNDING PERIODS 72 DISTINCTION
BETWEEN STATED ANNUAL INTEREST RATE AND EFFECTIVE ANNUAL INTEREST RATE
73 COMPOUNDING OVER MANY YEARS 73 CONTINUOUS COMPOUNDING (ADVANCED) 74
4.4 SIMPLIFICATIONS 75 PERPETUITY 75 GROWING PERPETUITY 77 ANNUITY 79
GROWING ANNUITY 83 CASE STUDY: MAKING THE DECISION TO CONVERT LOTTERY
PRIZE WINNINGS:THE CASE OF THE SINGER ASSET FINANCE COMPANY 85 4.5 WHAT
IS A FIRM WORTH? 86 4.6 SUMMARY AND CONCLUSIONS 87 APPENDIX 4A NET
PRESENT VALUE: FIRST PRINCIPLES OF FINANCE 94 HOW TO VALUE BONDS AND
STOCKS 106 EXECUTIVE SUMMARY 106 5.1 DEFINITION AND EXAMPLE OF A BOND
106 5.2 HOW TO VALUE BONDS 106 PURE DISCOUNT BONDS 106 LEVEL-COUPON
BONDS 107 CONSOLS 109 5.3 BOND CONCEPTS 110 INTEREST RATES AND BOND
PRICES I 10 YIELD TO MATURITY I 10 BOND MARKET REPORTING I I I 5.4 THE
PRESENT VALUE OF COMMON STOCKS 112 DIVIDENDS VERSUS CAPITAL GAINS I 12
VALUATION OF DIFFERENT TYPES OF STOCKS I I 3 5.5 ESTIMATES OF PARAMETERS
IN THE DIVIDEND-DISCOUNT MODEL 116 WHERE DOES G COME FROM? I 16 WHERE
DOES R COME FROM? I I 8 A HEALTHY SENSE OF SKEPTICISM I 18 5.6 GROWTH
OPPORTUNITIES I 19 GROWTH IN EARNINGS AND DIVIDENDS VERSUS GROWTH
OPPORTUNITIES 121 DIVIDENDS OR EARNINGS: WHICH TO DISCOUNT? 122 THE
NO-DIVIDEND FIRM 122 5.7 THE DIVIDEND-GROWTH MODEL AND THE NPVGO MODEL
(ADVANCED) 123 THE DIVIDEND GROWTH MODEL I 23 THE NPVGO MODEL 123
SUMMATION 125 5.8 PRICE-EARNINGS RATIO 125 5.9 STOCK MARKET REPORTING
127 5.10 SUMMARY AND CONCLUSIONS 128 APPENDIX 5 A THE TERM STRUCTURE OF
INTEREST RATES, SPOT RATES, AND YIELD TO MATURITY 134 SOME ALTERNATIVE
INVESTMENT RULES 144 EXECUTIVE SUMMARY 6.1 WHY USE NET PRESENT VALUE?
144 6.2 THE PAYBACK PERIOD METHOD 146 DEFINING THE RULE 146 PROBLEMS
WITH THE PAYBACK METHOD 147 MANAGERIAL PERSPECTIVE 148 SUMMARY OF
PAYBACK 148 6.3 THE DISCOUNTED PAYBACK PERIOD METHOD 149 6.4 THE AVERAGE
ACCOUNTING RETURN METHOD 149 DEFINING THE RULE 149 ANALYZING THE AVERAGE
ACCOUNTING RETURN METHOD 15 I 6.5 THE INTERNAL RATE OF RETURN 152 6.6
PROBLEMS WITH THE IRR APPROACH 154 DEFINITION OF INDEPENDENT AND
MUTUALLY EXCLUSIVE PROJECTS 154 TWO GENERAL PROBLEMS AFFECTING BOTH
INDEPENDENT AND MUTUALLY EXCLUSIVE PROJECTS 154 PROBLEMS SPECIFIC TO
MUTUALLY EXCLUSIVE PROJECTS 159 REDEEMING QUALITIES OF IRR I 63 A TEST
163 6.7 THE PROFITABILITY INDEX 164 CALCULATION OF PROFITABILITY INDEX I
64 6.8 THE PRACTICE OF CAPITAL BUDGETING 166 6.9 SUMMARY AND CONCLUSIONS
168 NET PRESENT VALUE AND CAPITAL BUDGETING 178 EXECUTIVE SUMMARY 178
7.1 INCREMENTAL CASH FLOWS 178 CASH FLOWS*NOT ACCOUNTING INCOME 178 SUNK
COSTS 179 OPPORTUNITY COSTS 179 SIDE EFFECTS 179 ALLOCATED COSTS 180 7.2
THE BALDWIN COMPANY:AN EXAMPLE 180 AN ANALYSIS OF THE PROJECT 182 XXVI
CONTENTS WHICH SET OF BOOKS? 184 A NOTE ON NETWORKING CAPITAL 185
INTEREST EXPENSE 186 7.3 THE BOEING 777: A REAL-WORLD EXAMPLE 186 7.4
INFLATION AND CAPITAL BUDGETING 189 INTEREST RATES AND INFLATION 189
CASH FLOW AND INFLATION 191 DISCOUNTING; NOMINAL OR REAL? 191 7.5
INVESTMENTS OF UNEQUAL LIVES:THE EQUIVALENT ANNUAL COST METHOD 193 THE
GENERAL DECISION TO REPLACE (ADVANCED) 195 7.6 SUMMARY AND CONCLUSIONS
197 MINICASES: GOODWEEKTIRES, INC. 206 I. Q. INC. 207 JIMMY S HOT DOG
STAND 208 APPENDIX 7A DEPRECIATION 209 CHAPTER 8 RISK ANALYSIS, REAL
OPTIONS, AND CAPITAL BUDGETING 211 EXECUTIVE SUMMARY 211 8.1 DECISION
TREES 211 8.2 SENSITIVITY ANALYSIS, SCENARIO ANALYSIS, AND BREAK-EVEN
ANALYSIS 213 SENSITIVITY ANALYSIS AND SCENARIO ANALYSIS 214 BREAK-EVEN
ANALYSIS 216 8.3 MONTE CARLO SIMULATION 219 8.4 OPTIONS 223 THE OPTION
TO EXPAND 223 THE OPTION TO ABANDON 224 TINNING OPTIONS 226 8.5 SUMMARY
AND CONCLUSIONS 227 PART III CHAPTER 9 CAPITAL MARKET THEORY: AN
OVERVIEW 234 9.6 SUMMARY AND CONCLUSIONS APPENDIX 9A THE HISTORICAL
MARKET RISK PREMIUM: THE VERY LONG RUN II T E R 10 RETURN AND RISK:
THE CAPITAL-ASSET- PRICING MODEL (CAPM) EXECUTIVE SUMMARY 10. 1
INDIVIDUAL SECURITIES 1 0.2 EXPECTED RETURN.VARIANCE, AND COVARIANCE
EXPECTED RETURN AND VARIANCE COVARIANCE AND CORRELATION 1 0.3 THE RETURN
AND RISK FOR PORTFOLIOS THE EXAMPLE OF SUPERTECH AND SLOWPOKE THE
EXPECTED RETURN ON A PORTFOLIO VARIANCE AND STANDARD DEVIATION OF A
PORTFOLIO 1 0.4 THE EFFICIENT SET FOR TWO ASSETS 1 0.5 THE EFFICIENT SET
FOR MANY SECURITIES VARIANCE AND STANDARD DEVIATION IN A PORTFOLIO OF
MANY ASSETS 10.6 DIVERSIFICATION:AN EXAMPLE RISK AND THE SENSIBLE
INVESTOR 10.7 RISKLESS BORROWING AND LENDING THE OPTIMAL PORTFOLIO 10.8
MARKET EQUILIBRIUM DEFINITION OF THE MARKET-EQUILIBRIUM PORTFOLIO
DEFINITION OF RISK WHEN INVESTORS HOLD THE MARKET PORTFOLIO THE FORMULA
FOR BETA A TEST 10.9 RELATIONSHIP BETWEEN RISK AND EXPECTED RETURN
(CAPM) EXPECTED RETURN ON MARKET EXPECTED RETURN ON INDIVIDUAL SECURITY
10.10 SUMMARY AND CONCLUSIONS APPENDIX 10A IS BETA DEAD? 249 253 255 255
255 256 256 258 261 261 261 262 265 270 271 272 275 276 278 280 280 283
283 284 284 284 287 295 EXECUTIVE SUMMARY 9.1 9.2 9.3 9.4 9.5 RETURNS
DOLLAR RETURNS PERCENTAGE RETURNS HOLDING-PERIOD RETURNS RETURN
STATISTICS AVERAGE STOCK RETURNS AND RISK-FREE RETURNS RISK STATISTICS
VARIANCE NORMAL DISTRIBUTION AND ITS IMPLICATIONS FOR 234 235 235 237
239 244 246 247 247 EXE 1 I.I 11.2 11.3 11.4 11.5 STANDARD DEVIATION
248 AN ALTERNATIVE VIEW OF RISK AND RETURN: THE ARBITRAGE PRICING THEORY
297 EXECUTIVE SUMMARY 297 FACTOR MODELS:ANNOUNCEMENTS, SURPRISES, AND
EXPECTED RETURNS 298 RISK: SYSTEMATIC AND UNSYSTEMATIC 299 SYSTEMATIC
RISK AND BETAS 300 PORTFOLIOS AND FACTOR MODELS 303 PORTFOLIOS AND
DIVERSIFICATION 305 BETAS AND EXPECTED RETURNS 307 THE LINEAR
RELATIONSHIP 307 THE MARKET PORTFOLIO AND THE SINGLE FACTOR 309 CONTENTS
XXVH CAPITAL STRUCTURE AND DIVIDEND POLICY CHAPTER 13
CORPORATE-FINANCING DECISIONS AND EFFICIENT CAPITAL MARKETS 349
EXECUTIVE SUMMARY 349 13.1 CAN FINANCING DECISIONS CREATE VALUE? 349
13.4 13.5 13.6 13.7 13.8 11.6 THE CAPITAL-ASSET-PRICING MODEL AND THE
13.2 ARBITRAGE PRICING THEORY 310 DIFFERENCES IN PEDAGOGY 310 1 33
DIFFERENCES IN APPLICATION 310 11.7 EMPIRICAL APPROACHES TO ASSET
PRICING 311 EMPIRICAL MODELS 31 I STYLE PORTFOLIOS 313 11.8 SUMMARY AND
CONCLUSIONS 313 CHAPTER 12 RISK, COST OF CAPITAL, AND CAPITAL BUDGETING
318 EXECUTIVE SUMMARY 3 18 12.1 THE COST OF EQUITY CAPITAL 318 12.2
ESTIMATION OF BETA 321 REAL-WORLD BETAS 323 STABILITY OF BETA 323 USING
AN INDUSTRY BETA 324 12.3 DETERMINANTS OF BETA 326 CYCLICALITY OF
REVENUES 326 OPERATING LEVERAGE 327 FINANCIAL LEVERAGE AND BETA 328 12.4
EXTENSIONS OF THE BASIC MODEL 330 THE FIRM VERSUS THE PROJECT:VIVE LA
DIFFERENCE 330 THE COST OF CAPITAL WITH DEBT 331 12.5 ESTIMATING
INTERNATIONAL PAPER S COST OF CAPITAL 333 COST OF EQUITY AND DEBT 333
DETERMINING R WACC 334 12.6 REDUCING THE COST OF CAPITAL 334 WHAT IS
LIQUIDITY? 335 LIQUIDITY, EXPECTED RETURNS, AND THE COST OF CAPITAL 335
LIQUIDITY AND ADVERSE SELECTION 336 WHAT THE CORPORATION CAN DO 336 12.7
SUMMARY AND CONCLUSIONS 338 MINICASE: ALLIEDPRODUCTS 341 APPENDIX I2A
ECONOMIC VALUE ADDED AND THE MEASUREMENT OF FINANCIAL PERFORMANCE 343
PART IV 13.9 A DESCRIPTION OF EFFICIENT CAPITAL MARKETS FOUNDATIONS OF
MARKET EFFICIENCY THE DIFFERENT TYPES OF EFFICIENCY THE WEAK FORM THE
SEMISTRONG AND STRONG FORMS SOME COMMON MISCONCEPTIONS ABOUT THE
EFFICIENT-MARKET HYPOTHESIS THE EVIDENCE THE WEAK FORM THE SEMISTRONG
FORM THE STRONG FORM THE BEHAVIORAL CHALLENGE TO MARKET EFFICIENCY
EMPIRICAL CHALLENGES TO MARKET EFFICIENCY REVIEWING THE DIFFERENCES
REPRESENTATIVENESS CONSERVATISM IMPLICATIONS FOR CORPORATE FINANCE 1.
ACCOUNTING CHOICES, FINANCIAL CHOICES, AND MARKET EFFICIENCY 2. THE
TIMING DECISION 3. SPECULATION AND EFFICIENT MARKETS 4. INFORMATION IN
MARKET PRICES SUMMARY AND CONCLUSIONS 351 352 354 355 356 357 358 358
360 363 364 366 370 371 371 371 372 373 375 377 378 CHAPTER 14 LONG-TERM
FINANCING: AN INTRODUCTION 384 EXECUTIVE SUMMARY 384 14.1 COMMON STOCK
384 PAR AND NO-PAR STOCK 384 AUTHORIZED VERSUS ISSUED COMMON STOCK 385
CAPITAL SURPLUS 385 RETAINED EARNINGS 385 MARKET VALUE, BOOK VALUE, AND
REPLACEMENTVALUE 386 SHAREHOLDERS RIGHTS 387 DIVIDENDS 388 CLASSES OF
STOCK 388 14.2 CORPORATE LONG-TERM DEBT: THE BASICS 389 INTEREST VERSUS
DIVIDENDS 389 IS IT DEBT OR EQUITY? 390 BASIC FEATURES OF LONG-TERM DEBT
390 DIFFERENT TYPES OF DEBT 390 REPAYMENT 391 SENIORITY 391 SECURITY 391
INDENTURE 391 14.3 PREFERRED STOCK 392 STATED VALUE 392 CUMULATIVE AND
NONCUMULATIVE DIVIDENDS 392 XXV111 CONTENTS IS PREFERRED STOCK REALLY
DEBT? THE PREFERRED-STOCK PUZZLE 1 4.4 PATTERNS OF FINANCING 14.5 RECENT
TRENDS IN CAPITAL STRUCTURE WHICH ARE BEST: BOOK OR MARKET VALUES? 14.6
SUMMARY AND CONCLUSIONS CAPITAL STRUCTURE: BASIC CONCEPTS 402 EXECUTIVE
SUMMARY 402 15.1 THE CAPITAL-STRUCTURE QUESTION AND THE PIE THEORY 402
15.2 MAXIMIZING FIRM VALUE VERSUS MAXIMIZING STOCKHOLDER INTERESTS 403
15.3 FINANCIAL LEVERAGE AND FIRM VALUE: AN EXAMPLE 405 LEVERAGE AND
RETURNS TO SHAREHOLDERS 405 THE CHOICE BETWEEN DEBT AND EQUITY 407 A KEY
ASSUMPTION 409 15.4 MODIGLIANI AND MILLER: PROPOSITION II (NOTAXES) 409
RISK TO EQUITYHOLDERS RISES WITH LEVERAGE 409 PROPOSITION II: REQUIRED
RETURN TO EQUITYHOLDERS RISES WITH LEVERAGE 410 EXAMPLE ILLUSTRATING
PROPOSITION I AND PROPOSITION II 412 MM: AN INTERPRETATION 41 6 15.5
TAXES 419 THE BASIC INSIGHT 419 THE QUIRK IN THE TAX CODE 419 PRESENT
VALUE OF THE TAX SHIELD 420 VALUE OF THE LEVERED FIRM 421 EXPECTED
RETURN AND LEVERAGE UNDER CORPORATE TAXES 422 THE WEIGHTED AVERAGE COST
OF CAPITAL R WACC AND CORPORATE TAXES 424 STOCK PRICE AND LEVERAGE UNDER
CORPORATE TAXES 424 1 5.6 SUMMARY AND CONCLUSIONS 426 CAPITAL STRUCTURE:
LIMITS TO THE USE OF DEBT 433 -EXECUTIVE SUMMARY 433 16.1 COSTS OF
FINANCIAL DISTRESS 433 BANKRUPTCY RISK OR BANKRUPTCY COST? 433 1 6.2
DESCRIPTION OF FINANCIAL DISTRESS COSTS 436 DIRECT COSTS OF FINANCIAL
DISTRESS: LEGAL AND ADMINISTRATIVE COSTS OF LIQUIDATION OR
REORGANIZATION 436 INDIRECT COSTS OF FINANCIAL DISTRESS 437 AGENCY COSTS
438 393 393 394 398 398 399 16.3 16.4 16.5 16.6 16.7 16.8 16.9 CAN COSTS
OF DEBT BE REDUCED? 441 PROTECTIVE COVENANTS 441 CONSOLIDATION OF DEBT
442 INTEGRATION OFTAX EFFECTS AND FINANCIAL DISTRESS COSTS 442 PIE AGAIN
444 SIGNALING 445 SHIRKING, PERQUISITES, AND BAD INVESTMENTS: A NOTE ON
AGENCY COST OF EQUITY 447 EFFECT OF AGENCY COSTS OF EQUITY ON
DEBT-EQUITY FINANCING 449 FREE CASH FLOW 449 THE PECKING-ORDER THEORY
450 RULES OF THE PECKING ORDER 452 IMPLICATIONS 452 GROWTH AND THE
DEBT-EQUITY RATIO 453 NO-GROWTH 454 GROWTH 454 PERSONAL TAXES 456 THE
MILLER MODEL 458 16.10 HOW FIRMS ESTABLISH CAPITAL STRUCTURE 461 16.11
SUMMARY AND CONCLUSIONS 464 APPENDIX 16A SOME USEFUL FORMULAS OF
FINANCIAL STRUCTURE 472 APPENDIX I6B THE MILLER MODEL AND THE GRADUATED
INCOME TAX 473 MA. P I 6 I I# VALUATION AND CAPITAL BUDGETING FOR THE
LEVERED FIRM 477 EXECUTIVE SUMMARY 477 17.1 ADJUSTED-PRESENT-VALUE
APPROACH 477 17.2 FLOW-TO-EQUITY APPROACH 479 STEP I; CALCULATING
LEVERED CASH FLOW (LCF) 479 STEP 2: CALCULATING R S 480 STEP 3:VALUATION
480 17.3 WEIGHTED-AVERAGE-COST-OF-CAPITAL METHOD 480 17.4 A COMPARISON
OF THE APV, FTE, AND WACC APPROACHES 481 A SUGGESTED GUIDELINE 482 17.5
CAPITAL BUDGETING WHEN THE DISCOUNT RATE MUST BE ESTIMATED 485 I 7.6 APV
EXAMPLE 486 17.7 BETA AND LEVERAGE 490 THE PROJECT IS NOT
SCALE-ENHANCING 491 17.8 SUMMARY AND CONCLUSIONS 492 APPENDIX I 7A THE
ADJUSTED-PRESENT-VALUE APPROACH TO VALUING LEVERAGED BUYOUTS 497
CONTENTS XXIX CHAPTER 18 DIVIDENDS AND OTHER PAYOUTS EXECUTIVE SUMMARY
18.1 DIFFERENT TYPES OF DIVIDENDS 1 8.2 STANDARD METHOD OF CASH DIVIDEND
PAYMENT 18.3 THE BENCHMARK CASE: AN ILLUSTRATION OF THE IRRELEVANCE OF
DIVIDEND POLICY CURRENT POLICY: DIVIDENDS SET EQUAL TO CASH FLOW
ALTERNATIVE POLICY: INITIAL DIVIDEND IS GREATER THAN CASH FLOW THE
INDIFFERENCE PROPOSITION HOMEMADE DIVIDENDS A TEST DIVIDENDS AND
INVESTMENT POLICY 1 8.4 REPURCHASE OF STOCK DIVIDEND VERSUS REPURCHASE:
CONCEPTUAL EXAMPLE DIVIDENDS VERSUS REPURCHASES: REAL WORLD
CONSIDERATIONS 18.5 18.6 18.7 18.8 PERSONAL TAXES, ISSUANCE COSTS, AND
DIVIDENDS FIRMS WITHOUT SUFFICIENT CASH TO PAY A DIVIDEND FIRMS WITH
SUFFICIENT CASH TO PAY A DIVIDEND SUMMARY ON PERSONAL TAXES REAL-WORLD
FACTORS FAVORING A HIGH-DIVIDEND POLICY DESIRE FOR CURRENT INCOME
BEHAVIORAL FINANCE AGENCY COSTS INFORMATION CONTENT OF DIVIDENDS AND
DIVIDEND SIGNALING THE CLIENTELE EFFECT:A RESOLUTION OF REAL-WORLD
FACTORS? WHAT WE KNOW AND DO NOT KNOW ABOUT DIVIDEND POLICY CORPORATE
DIVIDENDS ARE SUBSTANTIAL FEWER COMPANIES PAY DIVIDENDS CORPORATIONS
SMOOTH DIVIDENDS PAYOUTS PROVIDE INFORMATION TO THE MARKET A SENSIBLE
PAYOUT POLICY CASE STUDY: HOW FIRMS MAKE THE DECISION TO PAY
DIVIDENDS:THE CASE OF APPLE COMPUTER 18.9 SUMMARY AND CONCLUSIONS
APPENDIX 18A STOCK DIVIDENDS AND STOCK SPLITS 502 502 502 503 504 505
505 506 507 508 509 509 51 I 512 513 513 514 516 517 517 517 519 519 522
523 523 525 526 527 527 528 531 535 * * IF ISSUING SECURITIES TO THE
PUBLIC 20 LONG-TERM DEBT EXECUTIYE SUMMARY 20.1 LONG-TERM DEBT: A REVIEW
20.2 THE PUBLIC ISSUE OF BONDS THE BASIC TERMS SECURITY PROTECTIVE
COVENANTS THE SINKING FUND THE CALL PROVISION 540 EXECUTIE SUMMARY 19.1
19.2 19.3 19.4 19.5 19.6 19.7 19.8 19.9 THE PUBLIC ISSUE THE BASIC
PROCEDURE FOR A NEW ISSUE ALTERNATIVE ISSUE METHODS THE CASH OFFER
INVESTMENT BANKS THE OFFERING PRICE UNDERPRICING:A POSSIBLE EXPLANATION
THE ANNOUNCEMENT OF NEW EQUITY AND THE VALUE OF THE FIRM THE COST OF NEW
ISSUES RIGHTS THE MECHANICS OF A RIGHTS OFFERING SUBSCRIPTION PRICE
NUMBER OF RIGHTS NEEDED TO PURCHASE A SHARE EFFECT OF RIGHTS OFFERING ON
PRICE OF STOCK EFFECTS ON SHAREHOLDERS THE UNDERWRITING ARRANGEMENTS THE
RIGHTS PUZZLE SHELF REGISTRATION THE PRIVATE EQUITY MARKET PRIVATE
PLACEMENT THE PRIVATE EQUITY FIRM SUPPLIERS OFVENTURE CAPITAL STAGES OF
FINANCING CASE STUDY: THE DECISION TO DO AN INITIAL PUBLIC OFFERING
(IPO): THE CASE OF MEDSTONE INTERNATIONAL, INC. 19.10 SUMMARY AND
CONCLUSIONS 540 540 540 541 543 545 547 548 550 551 553 554 554 555 555
557 557 557 559 560 560 561 561 563 564 566 569 569 569 570 571 572 573
573 574 XXX CONTENTS 20.3 BOND REFUNDING SHOULD FIRMS ISSUE CALLABLE
BONDS? CALLING BONDS: WHEN DOES IT MAKE SENSE? 20.4 BOND RATINGS JUNK
BONDS 20.5 SOME DIFFERENT TYPES OF BONDS FLOATING-RATE BONDS
DEEP-DISCOUNT BONDS INCOME BONDS 20.6 DIRECT PLACEMENT COMPARED TO
PUBLIC ISSUES 20.7 LONG-TERM SYNDICATED BANK LOANS 20.8 SUMMARY AND
CONCLUSIONS CHAPTER LEASING 21 EXECUTIVE SUMMARY 21.1 TYPES OF LEASES
THE BASICS OPERATING LEASES FINANCIAL LEASES 21.2 ACCOUNTING AND LEASING
21.3 TAXES, THE IRS, AND LEASES 21.4 THE CASH FLOWS OF LEASING 21.5 A
DETOUR ON DISCOUNTING AND DEBT CAPACITY WITH CORPORATE TAXES PRESENT
VALUE OF RISKLESS CASH FLOWS OPTIMAL DEBT LEVEL AND RISKLESS CASH FLOWS
(ADVANCED) 21.6 NPV ANALYSIS OF THE LEASE-VERSUS-BUY DECISION THE
DISCOUNT RATE 21.7 DEBT DISPLACEMENT AND LEASE VALUATION THE BASIC
CONCEPT OF DEBT DISPLACEMENT (ADVANCED) OPTIMAL DEBT LEVEL IN THE XOMOX
EXAMPLE (ADVANCED) 21.8 DOES LEASING EVER PAY: THE BASE CASE 21.9
REASONS FOR LEASING GOOD REASONS FOR LEASING BAD REASONS FOR LEASING
21.10 SOME UNANSWERED QUESTIONS ARE THE USES OF LEASES AND OF DEBT
COMPLEMENTARY? WHY ARE LEASES OFFERED BY BOTH MANUFACTURERS AND
THIRD-PARTY LESSORS? WHY ARE SOME ASSETS LEASED MORE THAN OTHERS? 21.11
SUMMARY AND CONCLUSIONS APPENDIX 21A APV APPROACH TO LEASING 574 574 577
578 579 585 585 586 587 587 588 590 593 593 593 593 594 595 596 597 598
600 600 601 602 602 602 602 604 606 607 607 610 611 61 I 611 611 611 614
PART VI OPTIONS, FUTURES, AND CORPORATE FINANCE CHAPTER 22 OPTIONS AND
CORPORATE FINANCE: BASIC CONCEPTS 618 EXECUTIVE SUMMARY 618 22.1 OPTIONS
618 22.2 CALL OPTIONS 619 THE VALUE OF A CALL OPTION AT EXPIRATION 619
22.3 PUT OPTIONS 620 THE VALUE OF A PUT OPTION AT EXPIRATION 620 22.4
SELLING OPTIONS 622 22.5 READING THE WALL STREET JOURNAL 623 22.6
COMBINATIONS OF OPTIONS 623 22.7 VALUING OPTIONS 626 BOUNDING THE VALUE
OF A CALL 626 THE FACTORS DETERMINING CALL-OPTION VALUES 627 A QUICK
DISCUSSION OF FACTORS DETERMINING PUT-OPTION VALUES 630 22.8 AN
OPTION-PRICING FORMULA 631 A TWO-STATE OPTION MODEL 631 THE
BLACK-SCHOLES MODEL 634 22.9 STOCKS AND BONDS AS OPTIONS 638 THE FIRM
EXPRESSED IN TERMS OF CALL OPTIONS 639 THE FIRM EXPRESSED IN TERMS OF
PUT OPTIONS 641 A RESOLUTION OF THE TWO VIEWS 642 A NOTE ON LOAN
GUARANTEES 643 22.10 CAPITAL-STRUCTURE POLICY AND OPTIONS 644 SELECTING
HIGH-RISK PROJECTS 644 22.11 MERGERS AND OPTIONS 645 22.12 INVESTMENT IN
REAL PROJECTS AND OPTIONS 647 22.13 SUMMARY AND CONCLUSIONS 649 CHAPTER
23 OPTIONS AND CORPORATE FINANCE: EXTENSIONS AND APPLICATIONS 655
EXECUTIVE SUMMARY 655 23.1 EXECUTIVE STOCK OPTIONS 655 WHY OPTIONS? 655
VALUING EXECUTIVE COMPENSATION 657 23.2 VALUING A START-UP 659 23.3 MORE
ON THE BINOMIAL MODEL 662 HEATING OIL 662 CONTENTS XXXI 23.4 SHUTDOWN
AND REOPENING DECISIONS VALUING A GOLD MINE THE ABANDONMENT AND OPENING
DECISIONS VALUING THE SIMPLE GOLD MINE 23.5 SUMMARY AND CONCLUSIONS C H
J. P T E F 24 WARRANTS AND CONVERTIBLES EXECUTIVE SUMMARY 24.1 WARRANTS
24.2 THE DIFFERENCE BETWEEN WARRANTS AND CALL OPTIONS HOW THE FIRM CAN
HURT WARRANT HOLDERS 24.3 WARRANT PRICING AND THE BLACK-SCHOLES MODEL
(ADVANCED) 24.4 CONVERTIBLE BONDS 24.5 THE VALUE OF CONVERTIBLE BONDS
STRAIGHT BOND VALUE CONVERSION VALUE OPTION VALUE 24.6 REASONS FOR
ISSUING WARRANTS AND CONVERTIBLES CONVERTIBLE DEBT VERSUS STRAIGHT DEBT
CONVERTIBLE DEBT VERSUS COMMON STOCK THE FREE LUNCH STORY THE
EXPENSIVE LUNCH STORY A RECONCILIATION 24.7 WHY ARE WARRANTS AND
CONVERTIBLES ISSUED? MATCHING CASH FLOWS RISK SYNERGY AGENCY COSTS
BACKDOOR EQUITY 24.8 CONVERSION POLICY 24.9 SUMMARY AND CONCLUSIONS
CHAPTER 25 DERIVATIVES AND HEDGING RISK EXECUTIVE SUMMARY DERIVATIVES,
HEDGING, AND RISK 25.1 FORWARD CONTRACTS 25.2 FUTURES CONTRACTS 25.3
HEDGING CASE STUDY: MAKING THE DECISION TO USE DERIVATIVES:THE CASE OF
METALLGESELLSCHAFT 25.4 INTEREST-RATE FUTURES CONTRACTS PRICING
OFTREASURY BONDS PRICING OF FORWARD CONTRACTS FUTURES CONTRACTS HEDGING
IN INTEREST-RATE FUTURES 669 669 669 671 675 I77 677 677 25.5 25.6 25.7
25.8 DURATION HEDGING THE CASE OF ZERO-COUPON BONDS THE CASE OFTWO BONDS
WITH THE SAME MATURITY BUT WITH DIFFERENT COUPONS DURATION MATCHING
LIABILITIES WITH ASSETS SWAPS CONTRACTS INTEREST-RATE SWAPS CURRENCY
SWAPS EXOTICS ACTUAL USE OF DERIVATIVES SUMMARY AND CONCLUSIONS 713 713
714 715 717 719 719 721 722 723 724 679 681 682 683 683 684 685 686 686
687 687 689 690 690 691 692 696 PART VII SHORT-TERM FINANCE CHAPTER 26
SHORT-TERM FINANCE AND PLANNING 730 EXECUTIVE SUMMARY 730 26.1 TRACING
CASH AND NETWORKING CAPITAL 730 26.2 DEFINING CASH IN TERMS OF OTHER
ELEMENTS 732 THE SOURCES-AND-USES-OF-CASH 733 26.3 THE OPERATING CYCLE
AND THE CASH CYCLE 734 26.4 SOME ASPECTS OF SHORT-TERM FINANCIAL POLICY
737 THE SIZE OF THE FIRM S INVESTMENT IN CURRENT ASSETS 737 ALTERNATIVE
FINANCING POLICIES FOR CURRENT ASSETS 740 WHICH IS BEST? 742 26.5 CASH
BUDGETING 742 CASH OUTFLOW 743 THE CASH BALANCE 743 26.6 THE SHORT-TERM
FINANCIAL PLAN 744 UNSECURED LOANS 744 SECURED LOANS 745 OTHER SOURCES
745 26.7 SUMMARY AND CONCLUSIONS 746 696 696 697 698 703 705 706 707 707
709 709 CHAPTER 27 CASH MANAGEMENT EXECUTIVE SUMMARY 27.1 REASONS FOR
HOLDING CASH 27.2 DETERMINING THE TARGET CASH BALANCE THE BAUMOL MODEL
THE MILLER-ORR MODEL OTHER FACTORS INFLUENCING THE TARGET CASH BALANCE
27.3 MANAGING THE COLLECTION AND DISBURSEMENT OF CASH ACCELERATING
COLLECTIONS 753 753 754 754 755 758 760 761 764 XXX11 CONTENTS DELAYING
DISBURSEMENTS DISBURSEMENT FLOAT ( PLAYING THE FLOAT GAME ) ZERO-BALANCE
ACCOUNTS DRAFTS ETHICAL AND LEGAL QUESTIONS THE INTERNET: WILL IT
ELIMINATE FLOAT? 27.4 INVESTING IDLE CASH SEASONAL OR CYCLICAL
ACTIVITIES PLANNED EXPENDITURES DIFFERENT TYPES OF MONEY-MARKET
SECURITIES 27.5 SUMMARY AND CONCLUSIONS APPENDIX 27A ADJUSTABLE-RATE
PREFERRED STOCK, AUCTION-RATE PREFERRED STOCK, AND FLOATING-RATE
CERTIFICATES OF DEPOSIT T O CREDIT MANAGEMENT EXECUTIVE SUMMARY 28.1
TERMS OF THE SALE CREDIT PERIOD CASH DISCOUNTS CREDIT INSTRUMENTS 28.2
THE DECISION TO GRANT CREDIT: RISK AND INFORMATION THE VALUE OF NEW
INFORMATION ABOUT CREDIT RISK FUTURE SALES 28.3 OPTIMAL CREDIT POLICY
28.4 CREDIT ANALYSIS CREDIT INFORMATION CREDIT SCORING 28.5 COLLECTION
POLICY AVERAGE COLLECTION PERIOD AGING SCHEDULE COLLECTION EFFORT
FACTORING 28.6 HOW TO FINANCE TRADE CREDIT 28.7 SUMMARY AND CONCLUSIONS
VIII SPECIAL TOPICS R . , : - 29 MERGERS AND ACQUISITIONS EXECUTIVE
SUMMARY 29.1 THE BASIC FORMS OF ACQUISITIONS MERGER OR CONSOLIDATION
ACQUISITION OF STOCK 767 767 768 768 769 769 769 770 770 771 772 775 779
779 779 780 781 782 783 785 785 786 788 788 789 789 789 790 791 791 791
792 *%§ 796 796 797 797 797 29.2 29.3 29.4 29.5 29.6 29.7 29.8 29.9
29.10 29.11 1 29.12 29.13 ACQUISITION OF ASSETS A CLASSIFICATION SCHEME
A NOTE ON TAKEOVERS THE TAX FORMS OF ACQUISITIONS ACCOUNTING FOR
ACQUISITIONS THE PURCHASE METHOD DETERMINING THE SYNERGY FROM AN
ACQUISITION SOURCE OF SYNERGY FROM ACQUISITIONS REVENUE ENHANCEMENT COST
REDUCTION TAX GAINS THE COST OF CAPITAL CALCULATING THE VALUE OF THE
FIRM AFTER AN ACQUISITION AVOIDING MISTAKES A COST TO STOCKHOLDERS FROM
REDUCTION IN RISK THE BASE CASE ONE FIRM HAS DEBT HOW CAN SHAREHOLDERS
REDUCE THEIR LOSSES FROM THE COINSURANCE EFFECT? TWO BAD REASONS FOR
MERGERS EARNINGS GROWTH DIVERSIFICATION THE NPV OF A MERGER CASH COMMON
STOCK CASH VERSUS COMMON STOCK DEFENSIVE TACTICS DIVESTITURES THE
CORPORATE CHARTER REPURCHASE STANDSTILL AGREEMENTS EXCLUSIONARY
SELF-TENDERS GOING PRIVATE AND LEVERAGED BUYOUTS OTHER DEVICES AND
JARGON OF CORPORATE TAKEOVERS SOME EVIDENCE ON ACQUISITIONS DO
ACQUISITIONS BENEFIT SHAREHOLDERS? THE SHORT RUN THE LONG RUN REAL
PRODUCTIVITY THE JAPANESE KEIRETSU SUMMARY AND CONCLUSIONS MINLCASE:
U.S. STEEL S ACQUISITION OF MARATHON OIL R 30 FINANCIAL DISTRESS
EXECUTIVE SUMMARY 30.1 30.2 WHAT IS FINANCIAL DISTRESS? WHAT HAPPENS IN
FINANCIAL DISTRESS? 798 798 798 799 801 801 802 802 802 803 805 806 806
807 808 809 810 810 811 81 1 81 1 812 812 814 815 815 815 816 816 817
817 818 818 819 819 820 821 821 823 828 830 830 830 832 CONTENTS XXX111
30.3 BANKRUPTCY LIQUIDATION AND REORGANIZATION 834 BANKRUPTCY
LIQUIDATION 834 BANKRUPTCY REORGANIZATION 836 30.4 PRIVATE WORKOUT OR
BANKRUPTCY: WHICH IS BEST? 839 THE MARGINAL FIRM 840 HOLDOUTS 840
COMPLEXITY 840 LACK OF INFORMATION 840 30.5 PREPACKAGED BANKRUPTCY 841
CASE STUDY: THE DECISION TO FILE FOR BANKRUPTCY: THE CASE OF REVCO 842
30.6 SUMMARY AND CONCLUSIONS 843 APPENDIX 30A PREDICTING CORPORATE
BANKRUPTCY: THE Z-SCORE MODEL 845 INTERNATIONAL CORPORATE FINANCE 847
EXECUTIVE SUMMARY 84? 31.1 TERMINOLOGY 847 31.2 FOREIGN EXCHANGE MARKETS
AND EXCHANGE RATES 849 EXCHANGE RATES 849 TYPES OF TRANSACTIONS 851 31.3
THE LAW OF ONE PRICE AND PURCHASING-POWER PARITY 851 31.4 INTEREST RATES
AND EXCHANGE RATES: INTEREST-RATE PARITY 854 THE DOLLAR INVESTMENT 854
THE SWITZERLAND FRANC INVESTMENT 854 THE FORWARD-DISCOUNT AND EXPECTED
SPOT RATES 856 EXCHANGE-RATE RISK 856 WHICH FIRMS HEDGE EXCHANGE-RATE
RISK? 857 31.5 INTERNATIONAL CAPITAL BUDGETING 858 FOREIGN EXCHANGE
CONVERSION 858 UNREMITTED CASH FLOWS 860 THE COST OF CAPITAL FOR
INTERNATIONAL FIRMS 860 31.6 INTERNATIONAL FINANCIAL DECISIONS 862
SHORT-TERM AND MEDIUM-TERM FINANCING 863 INTERNATIONAL BOND MARKETS 863
31.7 REPORTING FOREIGN OPERATIONS 865 31.8 SUMMARY AND CONCLUSIONS 866
APPENDIX A MATHEMATICAL TABLES 871 APPENDIX B SOLUTIONS TO SELECTED
END-OF-CHAPTER PROBLEMS 887 GLOSSARY 891 NAME INDEX 909 SUBJECT INDEX
914
|
| any_adam_object | 1 |
| author | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. |
| author_GND | (DE-588)128781408 (DE-588)121792250 |
| author_facet | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. |
| author_role | aut aut aut |
| author_sort | Ross, Stephen A. 1944-2017 |
| author_variant | s a r sa sar r w rw j f j jf jfj |
| building | Verbundindex |
| bvnumber | BV024734780 |
| ctrlnum | (OCoLC)177334178 (DE-599)BVBBV024734780 |
| dewey-full | 658.15 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15 |
| dewey-search | 658.15 |
| dewey-sort | 3658.15 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 7. ed., internat. ed. |
| format | Book |
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| id | DE-604.BV024734780 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:08:09Z |
| institution | BVB |
| isbn | 0071238441 |
| language | English |
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| physical | XXXIII, 942 S. graph. Darst. + 1 CD-ROM, 1 Beil. |
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| spelling | Ross, Stephen A. 1944-2017 Verfasser (DE-588)128781408 aut Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe 7. ed., internat. ed. Boston, Mass. [u.a.] McGraw-Hill 2005 XXXIII, 942 S. graph. Darst. + 1 CD-ROM, 1 Beil. txt rdacontent n rdamedia nc rdacarrier The McGraw-Hill/Irwin series in finance, insurance, and real estate System requirements: PC: Pentium based processor, Microsoft Windows 98/2000/XP, Microsoft Internet Explorer 5.5 as Default Browser, Microsoft Office or equivalent Westerfield, Randolph Verfasser (DE-588)121792250 aut Jaffe, Jeffrey F. Verfasser aut OEBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018822217&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. Corporate finance |
| title | Corporate finance |
| title_auth | Corporate finance |
| title_exact_search | Corporate finance |
| title_full | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_fullStr | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_full_unstemmed | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_short | Corporate finance |
| title_sort | corporate finance |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018822217&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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