Concepts of Business Finance Thirteenth Edition By Richard Brealey
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ISBN-101260013901
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ISBN-13978-1260013900
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Brealey, Concepts of Business Finance, Thirteenth edition, explains the notion and practice of corporate finance. It is not essential to clarify why financial managers must grasp the pragmatic aspects of their role, but it is important to outline why pragmatic managers should take interest in theory. Throughout this publication, we showcase how managers apply financial theory to resolve practical dilemmas. A significant portion of this book delves into comprehending the tasks of financial managers and the rationale behind them. However, we also articulate the actions that financial managers should take to enhance company value.
Major alterations in this edition were influenced by the tax amendments implemented in the U.S. Tax Cuts and Jobs Act ratified in December 2017. In the current version, we have also enhanced the global content and revisited several chapters that have been entirely restructured. For instance, the content on corporate matters in Chapter 12 has undergone substantial revision. Chapter 13 on market efficiency and behavioral finance is now more contemporary and up-to-date. Chapter 23 on credit risk now emphasizes more on the pragmatic aspects of predicting default probabilities.
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