Corporate Financial Management

Book arrived ahead of time, in great condition, and as always, a very good valule.

The third edition of EFS is the best corporate finance textbook/reference available. The text correctly does several things. First, it uses the Principles to tie the topics together. Second, the author's mix of academic and professional experience allows for a book that is both real world and theoretically correct. Third, the book's layout makes it user friendly. I especially like the integration of agency issues and (real) options throughout the book. Within the past year, I have taught from Brigham (et al), Ross (et al), Emery (et al) and reviewed Brealey (et al), Block and Hirt, Berk and Demarzo, and Smart (et al). I have Weaver and Weston, but have not reviewed it. Emery Finnerty and Stowe is easily the best textbook and reference. Brigham has dumbed down its text to the point where students do not have enough information to understand a topic. Ross and Brealey continue to write books of mostly theoretical correctness while ignoring usability and consistency. Berk and Demarzo is new, but trends to the Ross style. The book is appropriate for senior, graduate, and corporate university classes. The book can be used for both core and major courses. My only complaint as an instructor is the lack of supplemental materials (probably due to its low percent of market share) and relative lack of variation on end of chapter problems. End of chapter questions are excellent.

another college text book you really dont need to buy if the teacher uses powerpoint slides

I used this book as an undergraduate at UW-Madison and a graduate at UVa. I found the material helpfull and easy to understand. Great for the undergraduate course, however it is not up to par for graduate level analysis.