Financial Markets and Corporate Strategy

Mark Grinblatt, Sheridan Titman

Publisher: McGraw-Hill, 1998, 866 pages

ISBN: 0-256-09939-1

Keywords: Finance

Last modified: July 14, 2021, 10:47 p.m.

This text, appropriate for Corporate Finance at either the undergraduate or graduate level, has been written in a way that makes it both intuitive and non-technical. This text, while rigourous, is both practical and very teachable.

  • Part I: Financial Markets and Financial Instruments
    1. Raising Capital
    2. Debt Financing
    3. Equity Financing
  • Part II: Valuing Financial Assets
    1. The Mathematics and Statistics of Portfolios
    2. Mean-Variance Analysis and the Capital Asset Pricing Model
    3. Factor Models and the Arbitrage Pricing Theory
    4. Pricing Derivatives
    5. Options
  • Part III: Valuing Real Assets
    1. Investing in Riskless Projects
    2. Investing in Risky Projects
    3. Allocating Capital and Corporate Strategy
    4. Corporate Taxes and the Impact of Financing on Real Asset Valuation
  • Part IV: Capital Structure
    1. How Taxes Affect Financing Choices
    2. How Taxes Affect Dividends and Share Repurchases
    3. Bankruptcy Costs and Debt Holder-Equity Holder Conflicts
    4. Capital Structure and Corporate Strategy
  • Part V: Incentives, Information, and Corporate Control
    1. How Managerial Incentives Affect Financial Decisions
    2. The Information Conveyed by FInancial Decisions
    3. Mergers and Acquisitions
  • Part VI: Risk Management
    1. Risk Management and Corporate Strategy
    2. The Practice of Hedging
    3. Interest Rate Risk Management
  • Appendix A: Interest Rate Mathematics
  • Appendix B: Mathematical Tables


Financial Markets and Corporate Strategy

Reviewed by Roland Buresund

Mediocre **** (4 out of 10)

Last modified: May 21, 2007, 3:04 a.m.

Tries to be a book about finance and at the same time connect finance with strategy. You wont miss much.


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