Corporate Finance: Core was developed for the graduate (MBA) level as
a concise, up-to-date, and to-the-point product, the majority of which
can be realistically covered in a single term or course. To achieve the
objective of reaching out to the many different types of students and
the varying course settings, corporate finance is distilled down to its
core, while maintaining a decidedly modern approach. Purely theoretical
issues are downplayed, and the use of extensive and elaborate
calculations is minimized to illustrate points that are either
intuitively obvious or of limited practical use. The goal was to focus
on what students really need to carry away from a principles course. A
balance is struck by introducing and covering the essentials, while
leaving more specialized topics to follow-up courses. Net present value
is treated as the underlying and unifying concept in corporate finance.
Every subject covered is firmly rooted in valuation, and care is taken
throughout to explain how particular decisions have valuation effects.
Also, the role of the financial manager as decision maker is emphasized,
and the need for managerial input and judgment is stressed.