Principles of Finance
Published on 13. February 2025
Book
Hardback
766 pages
978-1-108-83381-3 (ISBN)
Description
Written for the MBA or undergraduate first course in finance, as well as follow-on courses, this textbook provides a clear, accessible, and thorough explanation of the principles of finance; how they connect to real-world practice and how they are used to solve problems. Structured around ten unifying principles representing the core tenets of the science, this book imparts basic financial concepts irrespective of the institutional framework, ensuring that students learn about finance in a way that is applicable both now and into the future. Pedagogical features include learning objectives and major takeaways, applications in the world of business, numerous worked examples, key equation boxes highlighting the most important financial equations, quick check questions with solutions, key finance terms with a detailed glossary, and more than 380 homework problems. Online resources include a solutions manual, detailed instructor manual to adapt the book to your course, lectures slides and an 800 question test bank for instructors.
Reviews / Votes
'This insightful finance guide is a must-read for both students and professionals. The authors expertly simplify complex concepts, making them both accessible and engaging. From core finance concepts to corporate finance and investment, each chapter provides valuable insights and practical applications. This book paves the way to financial competence and success.' Jenny Gu, University of Dallas 'Combining rigorous theory with practical tools, this book helps students navigate global financial challenges and local market dynamics, making it an invaluable resource for diverse learners. The focus on universal principles helps students understand financial markets, regardless of the economic context-whether in developed or developing economies.' Fang Yu, China Europe International Business School 'I have used textbooks by Bodie for almost fifteen years for the clear exposition of finance theory and the practical relevance of the end-of-chapter problems. This book meets those high standards. This text is a must-have for undergraduate and MBA finance students. The authors have nailed it!' Kelly E. Carter, Morgan State University 'This book offers a comprehensive introduction to modern finance. Anchored by ten unifying principles and utilizing only basic algebra and statistics, this text is highly accessible. It effectively builds the reader's understanding without compromising on academic rigor and precision.' Claus Munk, Copenhagen Business School 'This account is a must-read for both students and professionals.' Neo, Wonderpedia USA 'A truly well organised and well written book with a big plus: It puts the sometimes technical content of the single chapters into the bigger picture of finance, its purpose, institutions and principles. Particularly, the guiding 10 principles of finance are a very valuable concept for students!' Bernd Muehlfriedel, University of Applied Sciences LandshutMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Adult education
Illustrations
Worked examples or Exercises
Dimensions
Height: 260 mm
Width: 208 mm
Thickness: 45 mm
Weight
1839 gr
ISBN-13
978-1-108-83381-3 (9781108833813)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Zvi Bodie | Robert C. Merton | Richard T. Thakor
Principles of Finance
Book
02/2025
Cambridge University Press
€135.50
Shipment within 15-20 days
Persons
Zvi Bodie is Professor Emeritus at Boston University where he was the Norman and Adele Barron Professor of Management. He has served on the finance faculty at the Harvard Business School (1992-94) and MIT Sloan School of Management (2008-9). Among his many published books and textbooks is the best-selling Investments textbook with Alex Kane and Alan Marcus. Robert C. Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management and John and Natty McArthur University Professor Emeritus at Harvard University. Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives. Richard T. Thakor is Associate Professor of Finance at the University of Minnesota, Carlson School of Management. He is a research affiliate at the MIT Laboratory for Financial Engineering (LFE) and at the WFA Center for Finance and Accounting Research (WFA-CFAR) at Washington University in St. Louis. He has published numerous academic articles in top economics, management, and finance journals, and has won multiple teaching awards.
Content
Part I: 1. The Ten Principles of Finance; 2. Basics of Valuation: The Time Value of Money; 3. Personal Finance; 4. Principles of Valuation; 5. Financial Instruments and Rates of Return; 6. Principles of Risk Management; 7. Options; 8. Financial Statements: Analyzing and Forecasting; Part II: 9. Company Valuation; 10. Capital Budgeting; 11. Agency Costs and Governance; 12. Payout Policy; 13. Capital Structure; 14. A Unified Approach to the Valuation of Corporate Assets and Capital Structure; 15. Financing over a Firm's Life; Part III: 16. The Term Structure of Interest Rates; 17. Portfolio Theory; 18. Capital Market Equilibrium; 19. Derivatives; 20. The Financial System and its Functions.