Corporate Finance, 3rd Edition. Jonathan Berk, Stanford University. Peter DeMarzo, Stanford University. © | Pearson. Share this page. : Corporate Finance (4th Edition) (Pearson Series in Finance) – Standalone book (): Jonathan Berk, Peter DeMarzo: Books. by Jonathan Berk (Author), Peter DeMarzo (Author). out of 5 stars . Corporate Finance: The Core (4th Edition) (Berk, DeMarzo & Harford, The Jonathan.

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Using the unifying valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance textbooks. Corporate Finance blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager, so students have the knowledge and tools they need to make sound financial decisions in their careers.

finansas For a streamlined book specifically tailored to the topics covered in the first one-semester course, Corporate Finance: MyFinanceLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult finwnzas.

Instructors, contact your Pearson representative for more information. Cloth Bound with Access Card. To use the test banks below, you must download the TestGen software from the TestGen website. If you need help getting started, read the tutorials on the TestGen site.

Pearson offers special pricing when you package your text with other student resources. If you’re interested in creating a cost-saving package for your students, contact your Pearson rep. Jonathan Berk is the A. Prior to earning his Ph. Born in Johannesburg, South Africa, Professor Berk is married, with two daughters, and is an avid skier and biker.

He currently teaches MBA and Ph. Cheit Outstanding Teaching Award at U. His recent work has examined issues of the optimal design berrk contracts and securities, and the influence of information asymmetries on stock prices and corporate investment. We don’t recognize your username or password. The work is corporayivas by local and international copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning.

You have successfully signed out and will be required to sign corporatkvas in should you need to download more resources. Corporate Finance, 4th Edition. If You’re a Student Buy this corpotativas Additional order info. Also Available with MyFinanceLab TM MyFinanceLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. A Unifying Principle of Valuation.

The Law of One Price is used as a framework, reflecting the modern idea that the absence of corporxtivas is the unifying concept in valuation. This theme is explicitly introduced in Chapter 3, revisited in each Part Opener, and integrated throughout the text–motivating all major concepts.

This methodology directly connects theory to practice, and unifies what might appear to students as ber topics that comprise the course syllabus corporate finance, investments, and valuation. Options for Teaching Risk and Return. Chapter 3 briefly introduces the concept of risk and return. Using the no-arbitrage concept, the reasoning behind evaluating risk relative to a benchmark is explained demaro and allows for use of the concept of risk and return in early chapters.

Later, the structure of Part IV is flexible and allows instructors to opt for brief or comprehensive coverage of deamrzo topic. Emphasis of Capital Budgeting and Valuation.


Capital budgeting and valuation is presented in two distinct stages. The first, which appears in Chapter 8, focuses on cash flows, while the second stage focuses on capital budgeting and valuation in the real world in Chapter 18 and the capstone Chapter One of the hardest parts of learning finance is mastering the jargon, math, and non-standardized notation.

Corporate Finance systematically uses: Each chapter opens by defining the variables and acronyms used in the chapter as a ‘legend’ for students’ reference. Introduced in Chapter 4, timelines are emphasized as the important first step in solving every problem that involves cash flows.

Numbered and Labeled Equations: The first time a full corporativsa is given in finnanzas form it is numbered.

Key equations are titled and revisited in the summary and in end papers. Provide hands-on instruction of Excel techniques and include screenshots to serve as a guide for students. Select tables are available as Excel files, enabling students to change inputs and manipulate the underlying calculations. Practice Finance to Learn Finance: Working problems are the proven way to cement and demonstrate an understanding of finance. Concept Check questions at the end of each section enable students to test their understanding and target areas in which they need further review.

End-of-chapter problems written personally by Jonathan Berk and Peter DeMarzo offer instructors the opportunity to assign first-rate materials to students for homework and practice with the confidence that the problems are consistent with chapter content. Both the problems and solutions, which were also written by the authors, have been class-tested and accuracy checked to ensure quality.

Data Cases present in-depth scenarios in a business setting with questions designed to guide students’ analysis. Many questions involve the use of Internet resources and Excel techniques. Study Aids with a Practical Focus. To be successful, students need to master the core concepts and learn to identify and solve corpprativas that today’s practitioners face.

Common Mistakes boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations—in the classroom and in the field. Berk and DeMarzo introduce recent advances in finance research throughout the book.

For example, Chapter 16 is a full-chapter treatment of the effects of financial corpoativas, agency issues, and asymmetric information on the firm’s choice of capital structure. Throughout Corporate Finance the authors connect finance concepts to practice. Finanzaz, a unique capstone to capital budgeting, Chapter 19 illustrates the application and real-world implementation of valuation techniques.

Twenty-two Global Financial Crisis boxes reflect the reality of the recent financial crisis and ongoing sovereign debt crisis, noting lessons learned.

Boxes across the book illustrate and analyze key details. Applications that Reflect Real Practice. Corporate Finance features actual companies and leaders in the field: Six interviews with notable practitioners highlight leaders in the field and address ckrporativas effects of the financial crisis and ongoing European sovereign debt crisis.

General Interest boxes highlight timely material from financial publications that shed light on business problems and real-company practices. Nobel Prize boxes reflect recent Nobel prizes awarded for material covered in the book. Material that addresses the implications of negative interest rates has been added throughout the book. Coverage describes the ongoing changes to how stocks are traded worldwide. Also, the Dodd-Frank Act information has been updated and a new interview with M.

Interview with Ruth Porat, Google and an expanded explanation of key financial ratios have been added Chapter 2. Box on the dynamics of stock index arbitrage and high frequency trading has been added Chapter 3.


Box on annuity due has been included Chapter 4. Expanded coverage of the European debt crisisincluding a case study on the Greek default, has been added Chapter 6. Common Mistake box on the sunk cost fallacy has been included Chapter 8. Extensive data updates throughout have been made to reflect current market conditions Chapter ifnanzas Common Mistake box on using a single cost of capital in multidivisional firms and a new Using Excel box on estimating beta have been added Chapter Coverage of recent developments in asset pricing, discussion of fund manager performance, and an interview with Jonathan Clements, former columnist at WSJ, have been updated or expanded Chapter Material that relates the capital structure to the current debate on bank leverage has been added throughout Part 5.

Box on the finanxas tax controversy has been included Chapter Discussion of corporate cash retention has been added Chapter Redesigned sections of Chapter 22, including new examples of decision tree methodology, make the exposition clearer. Increased coverage of early stage financingincluding a detailed explanation of angel financing and venture capital deal terms; an expanded explanation of typical returns investors make; a new Common Mistake box on misinterpreting startup valuations; and a new interview with Kevin Laws, AngelList, have all been added Chapter Long, XOJet have been added Chapter Box on the Ex-Im Bank controversy has been included Chapter Expanded discussion of valuation and premiums paid has been ber, Chapter Discussion of shareholder activism and its recent impact on corporate governance is now included Chapter demaezo Auto-Graded Excel Projects use proven, field-tested technology, allowing instructors to seamlessly integrate Excel problems into their course.

The values in the problems are algorithmically generated, giving students many opportunities for practice and mastery. Problems can be assigned by professors and completed online by students. Helpful tutorial tools, along with the same pedagogical aids from the text, support students as they study.

Links to the eText direct students to the material they most need to review.

Corporate Finance, 4th Edition

Select in-text graphs and figures that cover topics such as bonds, stock valuation, NPV, and IRR have been digitally enhanced to allow students to interact with variables to affect outcomes and bring concepts to life. Video clips cover high-profile firms such as Boeing, Cisco, Delta, and Intel through interviews and analysis. The videos focus on core topical areas, including capital budgeting, mergers and acquisitions, and risk and return.

Finance in the News provides weekly postings of a relevant and current article from a newspaper or journal article with discussion questions that are drmarzo in MyFinanceLab. Author Solution Videos walk students through the in-text examples using math, the financial calculator, and spreadsheets.

Students can also continue to upload images such as phone photos of handwritten work. New to This Edition.

Berk & DeMarzo, Corporate Finance | Pearson

Specific Content Changes Material that addresses the implications of negative interest rates has been added throughout the book. Introduction to Financial Statement Analysis bwrk. The Time Value of Money 5.