Part One: Value

1. Finance and the Financial Manager

2. Present Values, the Objectives of the Firm, and Corporate Governance

3. How to Calculate Present Values

4. Valuing Bonds

5. The Value of Common Stocks

6. Why Net Present Value Leads to Better Investment Decisions than Other Criteria

7. Making Investment Decisions with the Net Present Value Rule

Part Two: Risk

8. Introduction to Risk, Return, and the Opportunity Cost of Capital

9. Risk and Return

10. Capital Budgeting and Risk

Part Three: Best Practices in Capital Budgeting

11. Project Analysis

12. Investment, Strategy, and Economic Rents

13. Agency Problems, Management Compensation, and the Measurement of Performance

Part Four: Financing Decisions and Market Efficiency

14. Efficient Markets and Behavioral Finance

15. An Overview of Corporate Financing

16. How Corporations Issue Securities

Part Five: Payout Policy and Capital Structure

17. Payout Policy

18. Does Debt Policy Matter?

19. How Much Should a Firm Borrow?

20. Financing and Valuation

Part Six: Options

21. Understanding Options

22. Valuing Options

23. Real Options

Part Seven: Debt Financing

24. Credit Risk and the Value of Corporate Debt

25. The Many Different Kinds of Debt

26. Leasing

Part Eight: Risk Management

27. Managing Risk

28. Managing International Risks

Part Nine: Financial Planning and the Management of Working Capital

29. Financial Analysis and Planning

30. Working Capital Management

31. Short-Term Financial Planning

Part Ten: Mergers, Corporate Control, and Governance

32. Mergers

33. Corporate Restructuring

34. Governance and Corporate Control Around the World

Part Eleven: Conclusion

35. Conclusion: What We Do and Do Not Know About Finance