Fundamentals of Corporate Finance, 10th Canadian Edition by Stephen A. Ross
By: ROSS
Publisher: McGraw-Hill Ryerson Ltd. Canada
eText ISBN: 9781260192827, 1260192822
Edition: 10th
Fundamentals of Corporate Finance continues its tradition of excellence that has earned the status of
market leader. The rapid and extensive changes in financial markets and instruments have placed new
burdens on the teaching of corporate finance in Canada. As a result, every chapter has been updated to
provide the most current examples that reflect corporate finance in today?s world. This best-selling text
is written with one strongly held principle?that corporate finance should be developed and taught in
terms of a few integrated, powerful ideas: emphasis on intuition, unified valuation approach, and
managerial focus.
An Emphasis on Intuition We are always careful to separate and explain the principles at
work on an intuitive level before launching into any specifics. The underlying ideas are discussed, first
in very general terms and then by way of examples that illustrate in more concrete terms how a financial
manager might proceed in a given situation.
A Unified Valuation Approach We treat net present value (NPV) as the basic concept
underlying corporate finance. Many texts stop well short of consistently integrating this important
principle. The most basic notion?that NPV represents the excess of market value over cost?tends to
get lost in an overly mechanical approach to NPV that emphasizes computation at the expense of
understanding. Every subject covered in Fundamentals of Corporate Finance is firmly rooted in
valuation, and care is taken throughout the text to explain how particular decisions have valuation
effects.
A Managerial Focus Students will not lose sight of the fact that financial management
concerns management. Throughout the text, the role of the financial manager as decision maker is
emphasized, and the need for managerial input and judgment is stressed. ?Black box? approaches to
finance are consciously avoided.
These three themes work together to provide a sound foundation, and a practical and workable
understanding of how to evaluate and make financial decisions.
New to This Edition In addition to retaining the coverage that has characterized
Fundamentals of Corporate Finance from the very beginning, the Tenth Canadian Edition features
increased Canadian content on current issues. With a brand new Canadian author team, led by J. Ari
Pandes and Thomas Holloway, this edition offers an impressive mix of practical and real-world
experience. Having an author team that has taught both at the ?junior? and ?senior? levels in corporate
finance courses provides a good balance between application and theory. The Tenth Canadian Edition
text is current, practical, and builds upon the foundations laid out by this impressive market leader.
