Corporate Finance by Ross, Westerfield, Jaffe, and Jordan

Corporate Finance by Ross, Westerfield, Jaffe, and Jordan is a cornerstone text for MBA students and undergraduates studying corporate finance. This comprehensive book masterfully balances theoretical foundations with practical applications, making it an indispensable resource for academic and professional settings.

The authors emphasize the modern fundamentals of finance, presenting them through contemporary examples that bring the theory to life. Their approach is both coherent and systematic. They focus on a few integrated and powerful intuitions rather than treating corporate finance as a collection of disparate topics. This method provides readers with a solid understanding of the core concepts that underpin the field.

Key topics such as arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return are explored in depth. The authors adeptly use these concepts to explain the intricate workings of corporate finance, striking a delicate balance between theory and real-world application.

The 13th edition of this book welcomes a special contributor, Professor Kelly Shue of Yale University. She brings additional expertise and fresh perspectives to the text, further enriching its content and ensuring that it remains current with the latest developments in the field.

Overall, Corporate Finance by Ross, Westerfield, Jaffe, and Jordan is an essential resource for anyone seeking to understand the principles and practice of corporate finance. Its clear explanations, contemporary examples, and integrated approach make it a valuable reference for students and professionals alike.