Corporate finance:
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Homewood, Ill. u.a.
Irwin
1990
|
| Ausgabe: | 2. ed. |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004205769&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | Getr. Zählung graph. Darst. |
| ISBN: | 025607917X 0256084025 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
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| 020 | |a 025607917X |9 0-256-07917-X | ||
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| 035 | |a (DE-599)BVBBV006588399 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-20 |a DE-N2 |a DE-19 |a DE-83 |a DE-188 | ||
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| 082 | 0 | |a 658.15 |2 20 | |
| 084 | |a QP 700 |0 (DE-625)141926: |2 rvk | ||
| 100 | 1 | |a Ross, Stephen A. |d 1944-2017 |e Verfasser |0 (DE-588)128781408 |4 aut | |
| 245 | 1 | 0 | |a Corporate finance |c Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Homewood, Ill. u.a. |b Irwin |c 1990 | |
| 300 | |a Getr. Zählung |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 7 | |a Entreprises - Finances |2 ram | |
| 650 | 4 | |a Corporations -- Finance | |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Corporate Finance |0 (DE-588)4269795-5 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4151278-9 |a Einführung |2 gnd-content | |
| 689 | 0 | 0 | |a Finanzierung |0 (DE-588)4017182-6 |D s |
| 689 | 0 | 1 | |a Corporate Finance |0 (DE-588)4269795-5 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 700 | 1 | |a Westerfield, Randolph |e Verfasser |0 (DE-588)121792250 |4 aut | |
| 700 | 1 | |a Jaffe, Jeffrey F. |e Verfasser |4 aut | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004205769&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-004205769 | |
Datensatz im Suchindex
| _version_ | 1819300508998828032 |
|---|---|
| adam_text | Part
D
Overview
1 Introduction to Corpo¬
rate Finance 3
What Is Corporate Finance? 4
The Balance Sheet Model of
the Firm 4
Capital Structure 6
The Financial Manager 6
Corporate Securities as Con¬
tingent Claims on Total Firm
Value 11
The Corporate Firm 12
The Sole Proprietorship 12
The Partnership 13
The Corporation 14
Goals of the Corporate Firm 15
Agency Costs and the Set of
Contracts Perspective 16
Managerial Goals 16
Separation of Ownership and
Control 17
Do Shareholders Control Man¬
agerial Behavior? 17
Financial Markets 18
The Primary Market: New
Issues 19
Contents
Secondary Markets 19
Exchange Trading of Listed
Stocks 20
Listing 20
Outline of the Text 21
Appendix: Tax f^ates 22
2 Accounting Statements
and Cash Flow 25
The Balance Sheet 25
Accounting Liquidity 26
Debt versus Equity 27
Value versus Cost 27
The Income Statement 28
Generally Accepted Account¬
ing Principles 28
Noncash Items 29
Time and Costs 30
Net Working Capital 30
Cash Flow 32
Summary and Conclusions 35
Appendix: Financial Statement
Analysis 38
Part
¦
Value and Capital
Budgeting
3 Financial Markets and Net
Present Value: First Prin¬
ciples of Finance
(Advanced) 49
The Financial Market
Economy 50
The Anonymous Market 51
Market Clearing 52
Making Consumption
Choices 53
The Competitive Market 56
How Many Interest Rates Are
There in a Competitive
Market? 57
The Basic Principle 58
Practicing the Principle 58
A Lending Example 58
A Borrowing Example 60
Illustrating the Investment
Decision 62
Corporate Investment Decision
Making 66
Summary and Conclusions 69
XV
xvi Contents
4 Net Present Value 74
The One Period Case 74
The Multi Period Case 78
Future Value and
Compounding 78
The Power of Compounding:
A Digression 82
Present Value and
Discounting 83
The Algebraic Formula 86
Compounding Periods 86
Compounding over One
Year 86
Compounding over Many
Years 88
Continuous Compounding
(Advanced) 88
Simplifications 90
Perpetuity 90
Growing Perpetuity 92
Annuity 94
Growing Annuity 100
Summary and Conclusions 101
5 How to Value Bonds and
Stocks 109
Definition and Example of a
Bond 109
How to Value Bonds 109
Pure Discount Bonds 109
Level Coupon Bonds 111
Consols 112
Bond Concepts 113
Interest Rates and Bond
Prices 113
Yield to Maturity 114
The Present Value of Common
Stocks 115
Dividends vs. Capital
Gains 115
Valuation of Different Types of
Stocks 116
Estimates of Parameters in the
Dividend Discount
Model 120
Where Does g Come
From? 120
Where Does r Come
From? 122
A Healthy Sense of
Skepticism 123
Growth Opportunities 123
Growth in Earnings and Divi¬
dends versus Growth
Opportunities 126
Dividends or Earnings: Which
to Discount? 126
The No Dividend Firm 126
The Dividend Growth Model and
the NPVGO Model
(Advanced) 127
The Dividend Growth
Model 128
The NPVGO Model 128
Summation 129
Price Earnings Ratio 130
Summary and Conclusions 132
Appendix: The Term Structure of
Interest Rates 136
6 Some Alternative Invest¬
ment Rules 147
Why Use Net Present Value? 147
The Payback Period Rule 148
Defining the Rule 148
Problems with the Payback
Method 149
Managerial Perspective 150
Summary of the Payback Pe¬
riod Rule 151
The Discounted Payback Period
Rule 151
The Average Accounting
Return 152
Defining the Rule 152
Analyzing the Average Ac¬
counting Return
Method 154
The Internal Rate of Return 154
Problems with the IRR
Approach 157
Definition of Independent and
Mutually Exclusive
Projects 157
Two General Problems Affect¬
ing Both Independent and
Mutually Exclusive
Projects 157
Problems Specific to Mutually
Exclusive Projects 162
Redeeming Qualities of the
IRR 167
A Test 167
The Profitability Index 768
The Practice of Capital
Budgeting 170
Summary and Conclusions 172
7 Practical Application of
Capital Budgeting
Techniques 176
Incremental Cash Flows 176
Cash Flows—Not Accounting
Income 176
Sunk Costs 177
Opportunity Costs 177
Side Effects 178
The Baldwin Company: An
Example 178
An Analysis of the
Project 180
Which Set of Books? 183
A Note on Net Working
Capital 183
Interest Expense 184
Inflation and Capital
Budgeting 185
Interest Rates and
Inflation 185
Cash Flow and Inflation 186
Discounting: Nominal or
Real? 187
A Capital Budgeting
Simplification 188
Restating Operating Cash
Flows 188
Separating Cash Flow Sources
for More Efficient Capital
Budgeting 189
Investments of Unequal Lives:
The Equivalent Annual Cost
Method 194
Replacement Chain 194
The General Decision to
Replace 197
Decision Trees 199
Sensitivity Analysis, Scenario Anal¬
ysis, and Break Even
Analysis 202
Sensitivity Analysis and Sce¬
nario Analysis 202
Break Even Analysis 206
Summary and Conclusions 209
Appendix 1: Options 217
Appendix 2: Depreciation 220
Part
Risk
8 Capital Markets: An
Overview 225
Returns 226
Dollar Returns 226
Percentage Returns 228
Holding Period Returns 230
Return Statistics 236
Average Stock Returns and Risk
Free Returns 237
Risk Statistics 239
Variance 239
Normal Distribution and Its
Implications for Standard
Deviation 242
A Note on the Discount Rate
for Risky Projects 243
Covariance and
Correlation 245
Summary and
Conclusions 250
9 Return and Risk 255
Portfolios versus Individual
Securities 255
The Example of Supertech and
Slowpoke 256
The Expected Return on a
Portfolio 257
Variance and Standard Devia¬
tion of a Portfolio 258
The Efficient Set for Two
Assets 261
The Efficient Set for Many
Securities 266
Variance and Standard Devia¬
tion in a Portfolio of Many
Assets 267
Diversification: An Example 269
Risk and the Sensible
Investor 272
Riskless Borrowing and
Lending 273
The Optimal Portfolio 275
Market Equilibrium 277
Definition of Market Equi¬
librium Portfolio 277
Definition of Risk When Inves¬
tors Hold the Market
Portfolio 280
Beta as a Measure of
Responsiveness 282
A Test 284
Relationship between Risk and
Return 284
Summary and Conclusions 288
10 An Alternative View of
Risk and Return: The
Arbitrage Pricing
Theory 295
Factor Models: Announcements,
Surprises, and Expected
Returns 296
Risk: Systematic and
Unsystematic 297
Systematic Risk and Betas 299
Portfolios and Factor
Models 302
Portfolios and
Diversification 305
Betas and Expected Returns 307
The Linear Relationship 307
The Market Portfolio and the
Single Factor 308
The Capital Asset Pricing Model
and the Arbitrage Pricing
Model 309
Differences in Pedagogy 310
Differences in
Application 310
Summary and Conclusions 311
Contents xvii
11 Risk, Return, and Cap¬
ital Budgeting 317
Pay Me Now or Pay Me
Later 317
The Beta of a Stock 318
The Actual Calculation
(Advanced) 322
The Discount Rate 324
Extensions to the Basic
Model 324
The Firm versus the Project:
Vive la Difference 324
Levered Firms 326
Determinants of Beta 327
Revenues 327
Operating Leverage 327
Financial Leverage 329
Summary and Conclusions 329
Part
a
Capital Structure and
Dividend Policy
12 Corporate Financing
Decisions and Efficient
Capital Markets 335
Can Financing Decisions Create
Value? 335
A Description of Efficient Capital
Markets 338
The Different Types of
Efficiency 341
The Weak Form 341
The Semistrong and Strong
Forms 343
Some Common Misconcep¬
tions about the Efficient
Market Hypothesis 345
The Evidence 346
The Weak Form 347
The Semistrong Form 348
The Strong Form 354
xviii Contents
Implications for Corporate
Finance 354
Accounting and Efficient
Markets 354
Timing of Issuance of
Financing 356
Why Don t Firms Issue More
Equity? 357
Price Pressure Effects 357
Summary and Conclusions 359
13 Long Term Financing:
An Introduction 366
Common Stock 366
Par and No Par Stock 366
Authorized versus Issued
Common Stock 367
Capital Surplus 367
Retained Earnings 368
Market Value, Book Value, and
Replacement Value 369
Shareholders Rights 369
Dividends 371
Classes of Stock 371
Corporate Long Term Debt: The
Basics 372
Interest versus
Dividends 372
Is It Debt or Equity? 373
Basic Features of Long Term
Debt 373
Different Types of Debt 373
Repayment 374
Seniority 374
Security 374
Indenture 375
Preferred Stock 375
Stated Value 375
Cumulative and Non
cumulative Dividends 375
Is Preferred Stock Really
Debt? 376
The Preferred Stock
Puzzle 376
Patterns of Long Term
Financing 377
Summary and Conclusions 380
14 Capital Structure: Basic
Concepts 382
The Capital Structure Question
and the Pie Theory 382
Maximizing Firm Value versus
Maximizing Stockholder
Interests 383
Can an Optional Capital Structure
Be Determined? 385
Modigliani and Miller: Proposi¬
tion I (No Taxes) 385
Financial Leverage and Firm
Value: An Example 388
A Key Assumption 390
Modigliani and Miller: Proposi¬
tion II (No Taxes) 392
Example Illustrating Proposi¬
tion I and Proposition
II 395
MM: An Interpretation 399
Taxes 402
The Basic Insight 402
The Quirk in the Tax
Code 403
Value of the Tax Shield 404
Value of the Levered
Firm 405
Expected Return and Leverage
Under Corporate
Taxes 406
Stock Price and Leverage Un¬
der Corporate Taxes 408
Summary and Conclusions 410
15 Capital Structure: Limits
to the Use of Debt 417
Costs of Financial Distress 417
Bankruptcy Risk or Bankruptcy
Cost? 477
Description of Costs 420
Direct Costs of Financial
Distress 420
Indirect Costs of Financial
Distress 421
Can Costs of Debt Be
Reduced? 424
Protective Covenants 424
Consolidation of Debt 426
Integration of Tax Effects and Fi¬
nancial Distress Costs 426
Pie Again 427
Shirking and Perquisites: A Note
on Equity Costs 429
Effect of Agency Costs of
Equity on Debt Equity
Financing 431
Personal Taxes 431
The Miller Model 434
How Firms Establish Capital
Structure 440
Summary and Conclusions 444
Appendix: Some Useful Formulas
of Financial Structure 446
16 Capital Budgeting, the
Weighted Average Cost
of Capital, and Adjusted
Present Value 453
Determining the Costs of Debt
and Equity in the Weighted
Average Cost of Capital
(WACC) Formula 454
The Cost of Equity 454
The Cost of Debt Capital 456
The Weighted Average Cost of
Capital 459
Solving the Warehouse Problem
and Similar Capital Budget¬
ing Problems 462
WACC Adjustments 463
Adjusted Present Value 464
All Equity Value 465
Additional Effects of
Debt 466
APV and BETA 469
No Taxes 469
Corporate Taxes 470
The Project Is Not Scale
Enhancing 471
A Comparison of WACC and
APV 472
A Suggested Guideline 472
A More Detailed Comparison
(Advanced) 473
Summary and Conclusions 476
Part
Long Term Financing
18 Issuing Equity Securities
to the Public 513
The Public Issue 513
The Basic Procedure for a
New Issue 513
Alternative Issue Methods 514
The Cash Offer 516
Investment Bankers 519
The Offering Price 520
Underpricing: The Case of
Conrail 520
Underpricing: A Possible
Explanation 521
The Announcement of New
Equity and the Value of the
Firm 522
The Cost of New Issues 522
Rights 525
The Mechanics of a Rights
Offering 525
Subscription Price 526
Number of Rights Needed to
Purchase a Share 526
Effect of Rights Offering on
Price of Stock 527
Effect on Stockholders 529
The Underwriting
Arrangements 5 29
The New Issues Puzzle 530
Shelf Registration 532
Venture Capital 533
Supplies of Venture
Capital 533
Stages of Financing 534
Summary and Conclusions 535
19 Long Term Debt 539
Long Term Debt: A Review 539
The Public Issue of Bonds 541
The Basic Terms 541
Security 543
Contents xix
Protective Covenants 544
The Sinking Fund 544
The Call Provision 545
Bond Refunding 545
Should Firms Issue Callable
Bonds? 546
Calling Bonds: When Does It
Make Sense? 549
Bond Ratings 550
Junk Bonds 550
Some Different Types of
Bonds 553
Floating Rate Bonds 554
Deep Discount Bonds 555
Income Bonds 556
Direct Placement Compared to
Public Issues 556
Summary and Conclusions 557
20 Options and Corporate
Finance 561
Options 561
Call Options 562
The Value of a Call Option at
Expiration 562
Put Options 564
The Value of a Put Option at
Expiration 564
Selling Options 565
Reading the Wall Street
Journal 567
Combinations of Options 568
Valuing Options 571
Bounding the Value of a
Call 571
The Factors Determining Call
Option Values 572
A Quick Discussion of Factors
Determining Put Option
Values 575
An Option Pricing Formula 576
A Two State Option
Model 577
The BlackScholes
Model 578
Stocks and Bonds as
Options 583
The Firm Expressed in Terms
of Call Options 584
xx Contents
The Firm Expressed in Terms
of Put Options 585
A Resolution of the Two
Views 586
A Note on Loan
Guarantees 588
Capital Structure Policy and
Options 589
Selecting High Risk
Projects 589
Milking the Firm 590
Investment in Real Projects and
Options 590
Summary and Conclusions 593
21 Warrants and
Convertibles 598
Warrants 598
The Difference between Warrants
and Call Options 600
How the Firm Can Hun War¬
rant Holders 603
Warrant Pricing and the Black
Scholes Model
(Advanced) 603
Convertible Bonds 605
The Value of Convertible
Bonds 606
Straight Bond Value 606
Conversion Value 607
A Spurious Reason for Issuing
Warrants and
Convertibles 609
Convertible Debt versus
Straight Debt 609
Convertible Debt versus Com¬
mon Stock 610
The Free Lunch Story 610
The Expense Lunch
Story 612
A Reconciliation 612
Why Are Warrants and Convert¬
ibles Issued? 612
Matching Cash Flows 613
Risk Synergy 613
Agency Costs 613
Conversion Policy 614
Summary and Conclusions 675
22 Leasing 620
Types of Leases 620
The Basics 620
Operating Leases 621
Financial Leases 622
Accounting and Leasing 623
Taxes, the IRS, and Leases 625
The Cash Flows of Leasing 626
A Detour on Discounting and
Debt Capacity with Corpo¬
rate Taxes 628
Present Value of Riskless Cash
Flows 628
Optimal Debt Level and
Riskless Cash Flows
(Advanced) 629
NPV Analysis of the Lease versus
Buy Decision 630
The Discount Rate 631
Debt Displacement and Lease
Valuation 631
The Basic Concept of Debt
Displacement
(Advanced) 631
Optimal Debt Level in the
Xomox Example
(Advanced) 632
Does Leasing Ever Pay: The Base
Case 635
Reasons for Leasing 636
Good Reasons for
Leasing 637
Bad Reasons for Leasing 640
Some Unanswered
Questions 641
Are the Uses of Leases and of
Debt Complementary? 641
Why Are Leases Offered by
Both Manufacturers and
Third Party Lessors? 641
Why Are Some Assets Leased
More than Others? 642
Summary and Conclusions 642
Appendix: APV Approach to
Leasing 646
23 Hedging Risk 649
Forward Contracts 649
Futures Contracts 651
Hedging 656
Interest Rate Futures
Contracts 659
Pricing of Treasury
Bonds 655
Pricing of a Forward
Contract 659
Futures Contracts 661
Hedging in Interest Rate
Futures 662
Duration Hedging 666
The Case of Zero Coupon
Bonds 667
The Case of Two Bonds with
the Same Maturity but with
Different Coupons 668
Duration 669
Matching Liabilities with
Assets 671
Summary and Conclusions 674
Part
¦
Financial Planning
and Short Term
Finance
24 Corporate Financial
Models and Long Term
Planning 681
What Is Corporate Financial
Planning? 682
A Financial Planning Model: The
Ingredients 683
What Determines Growth 686
Growth for Hoffman 688
Some Caveats of Financial Plan¬
ning Models 690
Summary and Conclusions 690
25 Short Term Finance and
Planning 694
Tracing Cash and Net Working
Capital 695
Defining Cash in Terms of Other
Elements 696
The Sources and Uses of the
Cash Statement 697
The Operating Cycle and the
Cash Cycle 699
Some Aspects of Short Term Fi¬
nancial Policy 702
The Size of the Firm s Invest¬
ment in Current Assets 702
Alternative Financing Policies
for Current Assets 703
Which Is Best? 707
Cash Budgeting 707
Cash Outflow 708
The Cash Balance 709
The Short Term Financial
Plan 710
Unsecured Loans 770
Secured Loans 710
Other Sources 711
Summary and Conclusions 711
26 Cash Management 719
Reasons for Holding Cash 720
Determining the Target Cash
Balance 720
The Baumol Model 721
The Miller Orr Model 725
Other Factors Influencing the
Target Cash Balance 727
Managing the Collection and Dis¬
bursement of Cash 728
Accelerating Collections 731
Delaying Disbursements 735
Zero Balance Accounts 736
Drafts 737
Ethical and Legal
Questions 737
Investing Idle Cash 737
Seasonal or Cyclical
Activities 738
Planned Expenditures 738
Different Types of Money Mar
ket Securities 740
Summary and Conclusions 741
Appendix: Adjustable Rate Pre¬
ferred Stock, Auction Rate
Preferred Stock, and Float¬
ing Rate Certificates of
Deposit 744
27 Credit
Management 749
Terms of the Sale 750
Credit Period 750
Cash Discounts 751
Credit Instruments 753
The Decision to Grant Credit:
Risk and Information 753
The Value of New Information
about Credit Risk 755
Future Sales 756
Optimal Credit Policy 757
Credit Analysis 758
Credit Information 758
Credit Scoring 759
Collection Policy 759
Average Collection
Period 759
Aging Schedule 760
Collection Effort 761
Factoring 761
Summary and Conclusions 762
Part
¦
Special Topics
28 Mergers and
Acquisitions 767
The Basic Forms of
Acquisitions 768
Merger or Consolidation 768
Acquisition of Stock 769
Acquisition of Assets 769
A Classification Scheme 770
A Note on Takeovers 770
Contents xxi
The Tax Forms of
Acquisitions 771
Accounting for Acquisitions 773
The Purchase Method 773
Pooling of Interests 774
Purchase or Pooling of Inter¬
ests: A Comparison 775
Determining the Synergy from an
Acquisition 775
Source of Synergy from
Acquisitions 776
Revenue Enhancement 776
Cost Reduction 777
Tax Gains 779
The Cost of Capital 781
Calculating the Value of the Firm
after an Acquisition 781
Avoiding Mistakes 783
A Cost to Stockholders from Re¬
duction in Risk 783
The Base Case 784
One Firm Has Debt 785
How Can Shareholders Re¬
duce Their Losses from the
Coinsurance Effect? 786
Two Bad Reasons for
Mergers 786
Earnings Growth 786
Diversification 787
The NPV of a Merger 788
Cash 788
Common Stock 789
Cash versus Common
Stock 791
Defensive Tactics 791
The Corporate Charter 791
Repurchase Standstill
Agreements 792
Exclusionary Self
Tenders 793
Going Private and Leveraged
Buyouts 793
Other Devices and Jargon of
Corporate Takeovers 794
Some Evidence on
Acquisitions 795
Do Acquisitions Benefit
Stockholders? 795
Summary and Conclusions 797
Appendix: The U.S. Steel Acquisi¬
tion of Marathon Oil 803
xxii Contents
29 International Corporate
Finance 809
Terminology 809
Foreign Exchange Markets and
Exchange Rates 811
Exchange Rates 812
Types of Transactions 813
The Law of One Price and Pur¬
chasing Power Parity 813
Interest Rates and Exchange
Rates: Interest Rate
Parity 816
The Dollar Investment 816
The Deutschemark
Investment 817
The Forward Discount and Ex¬
pected Spot Rates 818
Exchange Rate Risk 818
International Capital
Budgeting 819
Foreign Exchange
Conversion 820
Unremitted Cash Flows 822
The Cost of Capital for Inter¬
national Firms 823
International Financial
Decisions 824
Short Term and Medium Term
Financing 825
International Bond
Markets 825
International Capital
Structure 827
Reporting Foreign
Operations 827
Summary and Conclusions 828
Appendix A: Mathematical
Tables Al
Appendix B: Selected Answers
to End of Chapter
Problems A17
Glossary Gl
Index II
|
| any_adam_object | 1 |
| author | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. |
| author_GND | (DE-588)128781408 (DE-588)121792250 |
| author_facet | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. |
| author_role | aut aut aut |
| author_sort | Ross, Stephen A. 1944-2017 |
| author_variant | s a r sa sar r w rw j f j jf jfj |
| building | Verbundindex |
| bvnumber | BV006588399 |
| callnumber-first | H - Social Science |
| callnumber-label | HG4026 |
| callnumber-raw | HG4026.R675 1990 |
| callnumber-search | HG4026.R675 1990 |
| callnumber-sort | HG 44026 R675 41990 |
| callnumber-subject | HG - Finance |
| classification_rvk | QP 700 |
| ctrlnum | (OCoLC)263148249 (DE-599)BVBBV006588399 |
| dewey-full | 658.1520 658.15 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15 20 658.15 |
| dewey-search | 658.15 20 658.15 |
| dewey-sort | 3658.15 220 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| genre | (DE-588)4151278-9 Einführung gnd-content |
| genre_facet | Einführung |
| id | DE-604.BV006588399 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T08:51:16Z |
| institution | BVB |
| isbn | 025607917X 0256084025 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-004205769 |
| oclc_num | 263148249 |
| open_access_boolean | |
| owner | DE-20 DE-N2 DE-19 DE-BY-UBM DE-83 DE-188 |
| owner_facet | DE-20 DE-N2 DE-19 DE-BY-UBM DE-83 DE-188 |
| physical | Getr. Zählung graph. Darst. |
| publishDate | 1990 |
| publishDateSearch | 1990 |
| publishDateSort | 1990 |
| publisher | Irwin |
| record_format | marc |
| spellingShingle | Ross, Stephen A. 1944-2017 Westerfield, Randolph Jaffe, Jeffrey F. Corporate finance Entreprises - Finances ram Corporations -- Finance Finanzierung (DE-588)4017182-6 gnd Corporate Finance (DE-588)4269795-5 gnd |
| subject_GND | (DE-588)4017182-6 (DE-588)4269795-5 (DE-588)4151278-9 |
| title | Corporate finance |
| title_auth | Corporate finance |
| title_exact_search | Corporate finance |
| title_full | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_fullStr | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_full_unstemmed | Corporate finance Stephen A. Ross ; Randolph W. Westerfield ; Jeffrey F. Jaffe |
| title_short | Corporate finance |
| title_sort | corporate finance |
| topic | Entreprises - Finances ram Corporations -- Finance Finanzierung (DE-588)4017182-6 gnd Corporate Finance (DE-588)4269795-5 gnd |
| topic_facet | Entreprises - Finances Corporations -- Finance Finanzierung Corporate Finance Einführung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004205769&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT rossstephena corporatefinance AT westerfieldrandolph corporatefinance AT jaffejeffreyf corporatefinance |