Financial Theory and Corporate Policy (Paperback)

This classic textbook in the field, now completely revised and updated, provides a bridge between theory and practice. It presents a unified treatment of finance combining theory, empirical evidence and applications.

Features
* Clear and succinct discussion of current trends and recent contributions to finance literature provides a solid foundation in established finance theory.
* Emphasizes applications to help students better understand the uses of Finance theory.

Table Of Contents
PART I: FINANCIAL THEORY.
* Introduction to Capital Markets, Consumption and Investment.
* Investment Decisions: The Certainty Case.
* Theory of Choice Under Uncertainty: Utility Theory.
* State-Preference Theory.
* Objects of Choice.
* Market Equilibrium: CAPM and APT.
* Pricing Contingent Claims: Option Price Theory and Evidence.
* Futures Contracts and Markets - Term Structure - Cox, Ingersoll, Ross.
* Multiperiod Aspects of Financial Theory - Real Options - Investment.
* Efficient Capital Markets: Theory.
* Efficient Capital Market: Evidence.
* Information Asymmetry: Agency Cost Theory and Signaling.

PART II: CORPORATE POLICY.
* The Role of the CFO and Performance Measurement.
* Valuation and Tax Policy.
* Capital Structure.
* Dividend Policy.
* Applied Issues in Corporate Finance.
* External Investment Decisions. International Finance: Theory and Evidence.
* Open-Ended Issues for Research.