RICHARD A. BREALEY

La nueva edición actualiza datos y ejemplos; reescribe capítulos básicos para hacer más sencilla la lectura y, sobre todo, incorpora contenidos “más allá de las páginas” (aplicaciones, hojas de cálcu

Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The first eleven chapters are essentially the same as those in Principles. They cover the time value of money, the valuation of bonds and stocks, and practical capital budgeting decisions. The remaining chapters discuss market efficiency, payout policy, and capital structure, option valuation, and long and short-term financial planning. The text is modular, so that Parts can be introduced in an alternative order.

"Principles of Corporate Finance" is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond to change by showing not just how, but why companies and management act as they do. This text is a valued reference for thousands of practicing financial managers. This Tenth Edition has been rewritten, refreshed, and fully updated to reflect the recent financial crisis and is now accompanied by Connect Finance, an exciting new homework management system.

Brealey: Principles of Corporate Finance bridges the gap between financial theory and practical application for corporate finance. It emphasizes the importance of understanding financial theory to adapt to nonroutine situations and evolving market conditions. By explaining why companies and financial markets behave as they do, the book equips managers with the tools to make informed decisions, not just based on experience but backed by theory. The authors address controversies within financial theory, offering balanced viewpoints while emphasizing practical applications to increase company value.The latest edition of Principles of Corporate Finance represents a significant step forward in both clarity and pedagogy. Every chapter has been revisedsome extensivelyincorporating the expertise of Alex Edmans, a distinguished scholar in corporate finance. Principles focuses on making complex concepts more intuitive by breaking down dense material into bitesized, easytodigest sections. Key terms and principles are now highlighted for quick reference, and long lists have been reorganized into structured bullet points with brief summaries. Where appropriate, mathematical and theoretical explanations have been replaced with realworld analogies and practical insights to ensure concepts resonate beyond the classroom.To further enhance student learning, Principles has expanded its Beyond the Page chapter features, now offering over 150 interactive applications that bring financial concepts to life. These resources allow students to explore realworld case studies, from understanding GameStop's speculative trading frenzy to analyzing the impact of COVID19 on stock risk.

This is the market leading textbook for the graduate-level introductory corporate finance, financial management or business finance course. It may also be used in an intermediate or advanced undergraduate finance course. The book is also used as a reference and guide by practicing managers around the world. The book and its authors have tremendous "brand" recognition, and it should be widely comped to faculty teaching the graduate-level/MBA introductory corporate finance course. This text remains one of the most authoritative and comprehensive presentations of financial theory and practice available. The authors continue to reinforce their underlying theme of presenting theory as a way of helping financial managers solve practical problems. Customers can trust Brealey, Myers and Allen to get it right¿both theory and practical applications. This book is a valued reference for thousands of practicing financial managers, and is the leading text worldwide.

Fundamentos de Finanzas Corporativas expone cómo invierten las empresas en activos reales y cómo hacen para conseguir dinero y realizar esas inversiones. La gestión financiera es importante, interesante y dificil. No es una enciclopedia financiera. Mas bien se propone sentar los principios basicos de la gestion financiera, y los aplica a las principales decisiones que enfrentan los directores financieros. Explica por que los propietarios de las empresas quieren que incrementen su valor, y muestra que los directores financieros valoran inversiones que pueden generar retornos en distintos momentos del tiempo o que tienen diversos grados de riesgo. Tambien expone las caracteristicas principales de los mercados financieros y discute por que las empresas pueden preferir una fuente de financiacion en especial. Con este libro se pretende que la gestion financiera resulte clara, util e interesante, y ademas, divertida para el estudiante primerizo. Este libro le abrira las puertas a la version educativa de Market Insight, el sitio on-line con datos financieros del mundo real desarrollados por profesionales de Standard & Poor''s. El contenido incluye los datos financieros de las 300 compañias mas buscadas.

The partnership of Brealey, Myers, and Allen has produced a comprehensive and modern corporate finance textbook that continues to set the standard. With a blend of detailed analysis, comprehensive coverage, and common sense, Brealey, Myers, and Allen's Principles of Corporate Finance has earned tremendous loyalty as both a classroom tool and a professional reference work.

The integrated solutions for Brealey''s Principles of Corporate Finance have been specifically designed to help improve student performance, meaning that students are prepared for class and can successfully solve problems and analyse the results. Resources within Connect Finance provide unlimited opportunities for students to practice solving financial problems and apply what they''ve learned. Brealey''s world-leading content showing managers how to use financial theory to solve practical problems combined with a complete digital solution will help students achieve higher outcomes in the course.Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

Fundamentos de Finanzas Corporativas utiliza un enfoque moderno y ejemplos actuales para presentar temas importantes, y a menudo desafiantes, de forma que los estudiantes los entienden. Conocidos por su excepcional investigacion, sus esfuerzos en la enseñanza, y sus libros de texto de finanzas lideres en el mercado, no sorprende que los autores Brealey, Myers y Marcus hayan creado una revision innovadora que es mas cercana que nunca a los estudiantes.Novedades de la quinta edicion:· Una cobertura nueva y ampliada sobre los temas actuales, incluyendo el gobierno corporativo, el comportamiento financiero, la etica, Sarbanes-Oxley, y la politica de endeudamiento y dividendos.· Mas Excel. Estan disponibles tres tipos de hojas de calculo de Excel electronicamete, identificadas por una imagen, para acompañar a los problemas y a los ejercicios, proporcionando a los estudiantes gran cantidad de practicas con esta importante herramienta financiera.· Se han añadido Minicasos adicionales a varios capitulos, dando a los estudiantes mas oportunidades de abordar temas nuevos en un marco realista.· Se han revisado tanto los cuadros de ¿Conozca Internet¿ como ¿Finanzas en la practica¿ para proporcionar ejemplos actualizados sobre como las finanzas corporativas conectan con el mundo real.