Product Description

Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool. Brad Jordan, known for his successful work on the RWJ Fundamentals and Essentials books, contributed to this edition. His influence will be seen particularly in the writing style with smoother coverage of topics, and the increased quality in the problem material.

Product Details

• Amazon Sales Rank: #121260 in Books
• Published on: 2006-11-14
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 926 pages

About the Author
Stephen Ross is presently the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation. Randoloph W. Westerfield is Dean of the Marshall School of Business at University of Southern California and holder of the Robert R. Dockson Dean s Chair of Business Administration. From 1988 to 1993, Professor Westerfield served as the chairman of the School s finance and business economics department and the Charles B. Thornton Professor of Finance. He came to USC from The Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior. Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including AT&T, Mobil Oil and Pacific Enterprises, as well as to the United Nations, the U.S. Department of Justice and Labor, and the State of California.

Customer Reviews

Required book for Finance class
I'm only 3 chapters deep but can already tell this will be one of those 'poor explanation' books we've all had in college. It definately helps to have some accounting knowledge before reading this text. Overall, the examples are poor, and.... just thinking about how it was written makes me want to fall asleep!

you probably don't have an option...
Most likely, if you're looking at this book, it is for a class and it doesn't really matter what anyone other than your prof or division chair thinks. Otherwise, don't get this book. Its approach is completely obtuse and makes most formulas and concepts almost incomprehensible.

Good enough
I needed this for a corporate finance course at Wayne State. The book seemed decent to me. Easy enough to read for a textbook. Yes, it's dry and not a particularly fun read but what do you expect, it's a finance textbook! I learned some important concepts. The material coupled with the professor's lectures and practice problems seemed adequate to me and I got an A in the course.