EBOOK DETAILS

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
File Size: 29 MB
Format: PDF / EPUB
Paperback: 688 pages
Publisher: McGraw-Hill Education
Language: English
Categories: Finance
Year : 2019
ISBN-10: ‎ 1260013952
ISBN-13: 978-1260565560

Download Essentials of Corporate Finance 10th edition– PDF – EBook

Ross, Essentials of Corporate Finance, 10e, focuses on what undergraduate students with widely varying backgrounds and interests need to carry away from a core course in business or corporate finance. The goal is to convey the most important concepts and principles at a level that is approachable for the widest possible audience. To achieve this goal, subjects are distilled down to its bare essentials (hence, the name of this book), while retaining a decidedly modern approach to finance. Also, understanding the "why" is just as important, if not more so, than understanding the "how" - especially in an introductory course.

Readability and pedagogy are key. Essentials is written in a relaxed, conversational style that invites the students to join in the learning process rather than being a passive information absorber. Essentials downplays purely theoretical issues and minimizes the use of extensive and elaborate calculations to illustrate points that are either intuitively obvious or of limited practical use.

There are three basic themes visible throughout Essentials: emphasis on intuition/commonsense, a unified valuation approach, and a managerial focus.

Biography

Stephen Alan "Steve" Ross is the inaugural Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management. He is known for initiating several important theories and models in financial economics. He is a widely published author in finance and economics, and is coauthor of one of the best-selling Corporate Finance texts.

He received his B.S. with honors from Caltech in 1965 where he majored in physics, and his Ph.D. in economics from Harvard in 1970, and has taught at the University of Pennsylvania, Yale School of Management, and MIT. At Yale he was the Sterling Professor of Economics and Finance .

Ross is best known for the development of the arbitrage pricing theory (mid-1970s) as well as for his role in developing the binomial options pricing model (1979; also known as the Cox-Ross-Rubinstein model). He was an initiator of the fundamental financial concept of risk-neutral pricing. In 1985 he contributed to the creation of the Cox-Ingersoll-Ross model for interest rate dynamics. Such theories have become an important part of the paradigm known as neoclassical finance.

Ross served as President of the American Finance Association in 1988. He was named International Association of Financial Engineers' Financial Engineer of the Year in 1996.

He gave the inaugural lecture of the Princeton Lectures in Finance, sponsored by the Bendheim Center for Finance of Princeton University, in 2001. It became a book in 2004, defending neoclassical finance, and such notions as the efficiency and rationality of markets, against critics, especially those who describe their work as behavioral finance.

Ross is a recipient of a 2006 Smith Breeden Prize, as well as a 2015 Deutsche Bank Prize for developing models used for assessing prices for options and other assets in the last 30 years.

Bio from Wikipedia the free encyclopedia.