Best book for learning corporate finance


2

There are a lot of books out there which hit on these concepts:

  • Discounted cash flow: NPV, IRR
  • Return on equity
  • WACC

  • CAPM
  • Capital structure: Debt vs. Equity

However, most of these books broach the subject from an abstract mathematical perspective, usually with a single fictional company.

Can anyone recommend a book that covers these concepts more practically through the scope of actual real-world examples? What actual processes do companies use when doing capital budgeting? What is the actual day-to-day job of a CFO? What is the actual experience of going to debt or equity markets to raise capital? If a company leveraged their assets to take out a loan, what were some of the finer details of their experience working with a bank?

Equity Finance Loan Corporate Capital

asked May 13 '11 at 03:00
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Jgoldberg
6 points
Get up to $750K in working capital to finance your business: Clarify Capital Business Loans

3 Answers


2

Aswath Damodaran is a professor of finance at NYU and he has some great books on corporate finance that you may find helpful (such as Damodaran on Valuation: Security Analysis for Investment and Corporate Finance).

If you are looking for books more on real-life experiences, then books that are more biographical in nature may be more helpful, such as "Barbarians at the Gate"?

answered Jun 13 '11 at 22:49
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Hayden
1 point

1

Check out finance training portal - useful online resource with largely free content: http://financetrainingcourse.com.

answered May 13 '11 at 16:54
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Ali
179 points

1

Principals of Corporate finance by Brealy Myers is a very good book

http://www.mhhe.com/brealey/

answered Jul 14 '11 at 03:07
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Anurag
688 points

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Equity Finance Loan Corporate Capital