Principles of Corporate Finance Richard Brealey 13th Edition – Test Bank

explore Financial organization for Principles of Corporate Finance Richard Brealey 13th

ISBN 10: 1260013901

ISBN 13: 9781260013900

Brealey, Key Concepts in Corporate Finance, 13th edition, illustrates the theory and application of corporate finance. It is essential to elucidate why financial managers must comprehend the practical facets of their role. However, it is equally important to discuss why practical managers must engage with theory. Throughout this book, we demonstrate how managers utilize financial theory to address practical challenges. A significant portion of this book is dedicated to comprehending the responsibilities of financial managers and their rationale. Additionally, we outline the essential tasks that financial managers need to undertake to enhance the value of the organization.

Several notable revisions in this edition were instigated by the tax changes implemented under the U.S. Tax Cuts and Jobs Act passed in December 2017. In the current iteration, we have further enhanced the global perspective by completely overhauling several chapters. For instance, the content on corporate issues in Chapter 12 has been extensively revamped. The discussion on market efficiency and behavioral finance in Chapter 13 is now more contemporary and refined. Chapter 23 on credit risk now places greater emphasis on the practical aspects of predicting default probabilities.