Book Description
This text remains the only text in the market that presents a balance of financial theory and applications. The authors maintain the same four goals as with the first edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly.
Customer Reviews:
First, they should learn to write sentences!.......2007-08-22
This book falls into the category of professors who know the material, but just can't communicate it. I can tell it was written on a schedule...sloppy wording, confusing definitions, and unintuitive examples and explanations. This information isn't that tough to understand...poor writing makes it so.
Here's a paragraph defining WACC, p.11.
Financial managers also must make finance decisions relating to how to finance the firm. In particular, what mix of debt and equity should be used, and what specific types of debt and equity should be issued? Also, what percentage of current earnings should be retained and reinvested rather than paid out as dividends? Along with these financing decisions, the general level of interest rates in the economy, the risk of the firm's operations, and stock market investors' overall attitude toward risk determine the rate of return that is required to satisfy a firm's investors. This is a return from investors' perspectives, but it is a cost from the company's point of view. Therefore, it is called the weighted average cost of capital (WACC).
As in the rest of the book, too many words, no directness or clarity.
Don't buy this book for self-study; you'll spend most of your time trying to decipher the obfuscating sentences.
finance student.......2007-07-09
I felt that the book was good. Some of the concepts could have been explained in better detail. I notice that on a lot of the chapters the authors repeated some of the material more than once. Some chapters need more practice problems like in chapter 5. This book explains the basic and fundamental concepts good but does not explained the difficult concepts good. Overall, this book was good.
Not a good book to learn from.......2007-06-01
This book's explanations were poor at best. It utilized undefined terms, and had a weak glossary/index.
Explanations of financial formulas were sorely lacking, and the organization of these formulas so that one could ever find them wasn't even attempted.
Not recommended.
Marcel Douven Netherlands.......2007-04-15
We used this "Brigham" for the course financial management, MBA programm.
The book gives a good overview and analysis of the main issues and is rather easy to understand and pleasant to read. You sould be aware that some issues are seen through the American glasses. Very usefull, I warmly recommend it.
Dissenting Opinion.......2007-02-27
Like many of the other reviewers, this text was required for my MBA program. As intro books go, I think that this book is much more advanced then what many reviewers have indicated.
Plus, my terms are 8 weeks long and this textbook is way, way too long for such a short time period. My school should adopt a textbook that is shorter in length. The book has over 25 long chapters. We barely studied half that before the term came to an end.
I felt that the layout of the text was not great. By this I mean, it would have been very helpful if, like other textbooks, the publishers/authors defined terms and concepts in the margins. Often times, the authors failed to provide clear definitions in the narrative forcing you to go to the glossary.
Next point, the authors present the material in long dense paragraphs which can be a challenge to get through. They need to break things up a bit more and interject more solved problems and examples.
I found this text more "academic" in nature and not something I could use as a reference on the job. I am looking for the practical and not the theory.
Bottomline, I would rather use a textbook that gets to the point faster, has more worked out problems, and is more visually inviting so to speak. For example, I have an old edition of Gitman's "Financial Management" and I like it much better then this textbook. The study guide that goes with Gitman's book is really good as well.
Meanwhile, I am debating whether to keep this text as reference or not.
Book Description
Designed to form the basis of an undergraduate course in mathematical finance, this book builds on mathematical models of bond and stock prices and covers three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate, namely: Black-Scholes’ arbitrage pricing of options and other derivative securities; Markowitz portfolio optimization theory and the Capital Asset Pricing Model; and interest rates and their term structure. Assuming only a basic knowledge of probability and calculus, it covers the material in a mathematically rigorous and complete way at a level accessible to second or third year undergraduate students. The text is interspersed with a multitude of worked examples and exercises, so it is ideal for self-study and suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance who needs to understand the underlying theory.
Customer Reviews:
Mathematics for Finance: A useful tool for the unskillled investor.......2007-03-19
I enjoyed reading the book and solving exercises in it. I have a Ph.D.in chemistry and my wife and I did our his and her's MBA in the 1990s. I wanted to learn more concepts in finance and needed an easy entry, something I could enjoy, and without spending much money. The book by Capinski came recommended from a friend who teaches Economics at Cal State. I can speak for myself: I feel reasonably informed and I feel the book gave me concepts I can use to handle my own portfolio.
In the future, this text should be offered with an interactive CD that contains Xls, matrix, calculus, and graphing capabilities so one (I) can visualize the outcomes of proposed solutions.
Incoherent.......2007-01-18
Anyone can scribble a bunch of equations on paper and call it a book. Without sufficient context, they are useless.
Insufficient and disappointing. Not even a good introductury text........2006-05-15
As a graduate student in Financial Engineering I have found this book useless.
The title of the book is "Mathematics for Finance", but can you find in it even an elementary introduction to the stochastic processes? No. Ditto for the Ito's lemma and many other topics. The derivation of the Black Scholes formula is just sketched, and the insight that you can get from it is very limited.
Nevertheless, I wouldn't mind these limitations if this book provided a clear introduction to more advanced topics: unfortunately this book is not good even in that. In comparison to other textbooks the theorems and definitions are convoluted and do not go straight to the point. For example, in Shreve's "Stochastic Calculus for Finance" or Baxter & Rennie "Financial Calculus" the Fundamental Theorem of Asset Pricing is stated in this way: "In a market with risk neutral probability there is no arbitrage". Can you find such a simple and explanatory definition in Capinski's book? Not at all. The theorem at page 83 (you can see it yourself by searching inside the book) basically says the same thing using 8 lines of text and little financial intuition.
The only good thing that I can say about this book is that all exercises are resolved.
Overall, "Mathematics for Finance" has been a big disappointment: it doesn't have either the mathematical depth of Shreve's books or the conciseness in explaining financial concepts of Baxter & Rennie.
Whatever is the level of education that you are pursuing, graduate or undergraduate, I don't see any point in using it.
Great Book for Undergrad Quants.......2005-08-29
Mathematics for Finance (An Introduction to Financial Engineering) is a book intended for undergrad students "IN MATHEMATICS" or other discipline with a relative high mathematical content.
The book assumes some basic notion of Calculus and Probability Theory and it is focused more on the mathematics than in its theory and application of Finance. If you are looking to dwell into the mathematics (Proof of Equations) this is a great book, but if you are looking for a book that is rich in theory and in application then you should consider "Option, Future and Other Derivatives" or "Quantitative Methods for Finance" as an alternative. Both books are "a most" for any finance student and are of great help. Now if you want an introduction into the mathematics behind Finance then this book is a perfect purchase.
Important to state that all the problems presented in this book are solved meaning that it is great for self teaching. Marek Capinsi and Thomas Zastawniak have done a great job on this book.
I gave it four stars, because it has room for impovement.
Joining the chorus.......2005-08-03
I can only echo the other reviewers. As far as I can tell this book has no serious competition. This is an excellent introduction to mathematical finance for those with a solid undergraduate level understanding of higher math but without graduate level exposure. I agree that it is ideal for self study as that is exactly what I am using it for. The price is right especially in contrast with its overpriced brethren. Five stars!
Book Description
Market Models provides an authoritative and up-to-date treatment of the use of market data to develop models for financial analysis. Written by a leading figure in the field of financial data analysis, this book is the first of its kind to address the vital techniques required for model selection and development. Model developers are faced with many decisions, about the pricing, the data, the statistical methodology and the calibration and testing of the model prior to implementation. It is important to make the right choices and Carol Alexander's clear exposition provides valuable insights at every stage.
In each of the 13 Chapters, Market Models presents real world illustrations to motivate theoretical developments. The accompanying CD contains spreadsheets with data and programs; this enables you to implement and adapt many of the examples. The pricing of options using normal mixture density functions to model returns; the use of Monte Carlo simulation to calculate the VaR of an options portfolio; modifying the covariance VaR to allow for fat-tailed P&L distributions; the calculation of implied, EWMA and 'historic' volatilities; GARCH volatility term structure forecasting; principal components analysis; and many more are all included.
Carol Alexander brings many new insights to the pricing and hedging of options with her understanding of volatility and correlation, and the uncertainty which surrounds these key determinants of option portfolio risk. Modelling the market risk of portfolios is covered where the main focus is on a linear algebraic approach; the covariance matrix and principal component analysis are developed as key tools for the analysis of financial systems. The traditional time series econometric approach is also explained with coverage ranging from the application cointegration to long-short equity hedge funds, to high-frequency data prediction using neural networks and nearest neighbour algorithms.
Throughout this text the emphasis is on understanding concepts and implementing solutions. It has been designed to be accessible to a very wide audience: the coverage is comprehensive and complete and the technical appendix makes the book largely self-contained.
Market Models: A Guide to Financial Data Analysis is the ideal reference for all those involved in market risk measurement, quantitative trading and investment analysis.
Customer Reviews:
Very shallow.......2005-03-11
You can google in 10 minutes more relevant information than this book is able to provide. It's OK if you need to pick up some terminology and get a rough idea of what it all means before an interview. Totally useless if you need it for work.
Comprehensive, lack in depth and poor organization.......2005-01-23
For a starter, this book does offer a broad spectrum of subjects, volatility/variance measurement, PCAs, Factor Models, Time Series analysis, high frequency data modeling, etc, at the expense of rigor and depth.
Desipite the academic pedigree the author enjoys and the educational career she had, the book is rather poorly organized from a pedagogical point of view. She seems to have a tendency to refer to expressions, notions, ideas, data which appear much later than where the reference takes place. This makes first-timers cringe as they go through the chapters as they are laid out. It reads much like some published papers got dumbed down, and bundled together.
If you are looking for comprehensive introduction, without the gory details of mathematical mumblejumble, this book might be of help. But it may not be used as a reference book, for its organization and for its lack of rigor.
Worth the money.......2003-08-28
If you are looking for detailed rigorous mathematical development then look elsewhere, that is not the reason to purchase this book. It is targeted towards application and there it excels. I have not seen any other book on this topic that so effectively presents a level-headed applied approach that keeps the basic assumptions of the models firmly in sight.
What tool fits when is nicely discussed.
Nice book.......2003-06-21
I will consider this book as a good introduction to different ways to analyze market data (covering mainly equity but do touch on fixed income as well as currency). I would emphasize that the book model the market more from an empirical point of view. The author gives a good description of the GARCH model as well as PCA analysis. Being a fixed income derivatives trading, I find both sections particularly useful for real world trading. The risk modeling section should expand into topics other than VAR such as coherent risk measures which are more useful. The co-integration section is a must for any traders who want to trade mean-reversion or stats arbitrage.
Overall, I think that the book covers all basic to intermediate mathematics, econometrics and finance necessary for anyone who wants to model market data. The book explains how to use such model for trading, risk management as well as market data visualization / understanding.
Nice book.......2003-06-21
I will consider this book as a good introduction to different ways to analyze market data (covering mainly equity but do touch on fixed income as well as currency). I would emphasize that the book model the market more from an empirical point of view. The author gives a good description of the GARCH model as well as PCA analysis. Being a fixed income derivatives trading, I find both sections particularly useful for real world trading. The risk modeling section should expand into topics other than VAR such as coherent risk measures which are more useful. The co-integration section is a must for any traders who want to trade mean-reversion or stats arbitrage.
Overall, I think that the book covers all basic to intermediate mathematics, econometrics and finance necessary for anyone who wants to model market data. The book explains how to use such model for trading, risk management as well as market data visualization / understanding.
Book Description
With two distinct objectives, this text’s approach to managerial economics takes models from recent economics research and applies the research to the internal structure of a firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making.
Authors Brickley, Smith, and Zimmerman contend that organizational architecture consists of three aspects of corporate organization: the assignment of decision rights within the company; methods of rewarding individuals; the structure of systems to evaluate the performance of both individuals and business units. These three components can be likened to a stool with three legs. If one of the legs is shorter, the stool is out of balance. These three elements must be in balance in the organization as well.
Customer Reviews:
Managerial Economics and Organizational Architecture.......2007-05-21
I'm a consultant and this book is quite good in order to improve my performance during my job.
An Old Favorite Brought Up to Date.......2006-07-10
This book has two real aspects.
First is is a good general introduction to economics that might be used at the upper undergraduate or MBA level. Note the title says that it is 'Managerial Economics.' This book is aimed at the student following a management track rather than a professional economics track. The concept of the book is to give an overview of all aspects of economic theory without a heavy concentration in any one particular area.
Second, this is the fourth edition of the book. This was made necessary because of the great changes that have occurred as a result of Enron, Arthur Anderson and the other companies that collectively made great changes in the business environment. One such change is the Sarbanes-Oxley Act of 2002, discussed at length here even though it is still too new to realize its full implications.
The case studies that are included reflect these new times: Arthur Anderson, Barings Bank, Interwest Healthcare, Property Right Security in Russian Deprivatization, eBay.com, iTunes, Wal-Mart.com and others that could come directly off of today's headlines.
This is a new and up-to-date edition of a well received book.
Very Good Economics Book........2006-06-24
I just finished a Managerial Economics MBA course that used this text. I found it to be very well written compared to textbooks I've read for other classes. I think it does a good job explaining supply and demand, intro to pricing, and intro to strategy and game theory. Examples are used to improve the reader's "economic" intuition. I talked to a friend who just finished a differnt MBA program who used this book. He recommended the book and especially liked the strategy segments and the prisoner's dilema.
overview only.......2006-05-28
It seems like a glorified table of contents. It tries to cover too much and absolutely no detailed in-depth explanations, and absolutely no rigorouse mathematical explinations. It's good only as an table of contents with some details. If you are interested in a specific topic, you are better off finding information on the web or go elsewhere. The cases are fun to read, and provide some insight into the real life problems. Recommend it for night time leisure reading, but not for seriouse students who wants to learn a solid fundation to the subject.
Best Book in my MBA Program.......2005-12-10
This book was the best that I read in my MBA program. It is filled with great examples and is easy to read. At the same time it taught me important economic concepts. I had struggled with these concepts as an undergraduate but thanks to this text I now feel that I have them mastered. Unlike other economic texts this book focuses on real management problems.
Book Description
Now you can apply the techniques that business analysts at leading companies use to analyze and transform data into bottom line results. For more than 10 years, well-known consultant and business professor Wayne Winston has been teaching corporate clients and MBA candidates the most effective ways to use Microsoft Excel for data analysis, modeling, and decision making. This practical, business-focused guide delivers the best of Winston's classroom experience to you in 70+ concise chapters, organized by real-world scenarios. Quickly find and apply exactly the information you need to solve a specific business problem#151;from asset allocation modeling to estimating exponential growth, forecasting sales, optimizing portfolios, and other critical functions. You also get all the book's sample files on CD-ROM#151;ready for use in your own work.
Customer Reviews:
Great Book.......2007-07-21
Excellent...It really help me to better understand the data analysis with many differents case scenarios...exercises...its for everyone.
Real Good for a textbook........2007-05-12
I had to use for a college class, but great speed in shipping.
Not bad, but not as good as expected.......2007-04-13
I am an intermediate to advanced Excel user, so my review may reflect that level. As others have said, it looks like MS rushed this book to the market, evidenced by so many errata, which can be disappointing especially when the solution is wrong. On the other hand, there are some very interesting and genuine uses of various Excel functions to solve business problems.
I wouldn't recommend this book for beginners. If you're trying to learn Excel, this is not the book. It is not a book to teach excel, but a book to teach you what you can do with Excel to solve everyday problems, given you're familiar with the mechanics of excel.
I would recommend it with these caveats. And getting Walkenbach's book on Excel functions along with this would be very helpful in my opinion. Best of luck in your endeavors.
Excellent.......2007-04-11
I have read many books in excel, but this book is really the most beneficial and excellent book I've used in my life. It is full with practical not theoritical examples. and you can benefit form it in your work.
Very practical, but full of errors.......2007-04-02
Overall, I like this book, even though it is somewhat confusing, both in scope and in the target audience.
The techniques of "naming the range" or writing the "if" formula are certainly targeted for beginners, but most of statistical tools are normally used by more advanced users.
The worst thing, though, is that the book is full of errors, both typos and mistakes in problem solutions on the disk. I consider myself an intermediate user, so finding an error in "instructor solution" was more like an additional challenge for me, but for the beginner this could be very frustrating.
On the positive side - I really liked the idea of problems in the end of each chapter; so many books just give you the theory and then you do not know how to solve a real life problem. For most of chapters, I knew the tools, but still had to spend time figuring out the best way to implement it for problem solving.
Very practical book, good for an intermediate users. Just be aware of the typos !
Book Description
This supplement outlines the key sections of each chapter, and it provides students with a set of questions and problems similar to those in the text and in the Test Bank, along with worked-out solutions.
Customer Reviews:
The difference between an A and a B.......2007-01-29
Halfway through my first semester of finance I was trying to understand why so many of my classmates were no longer struggling - turns out they had ordered this study guide. Generally I am not a fan of study guides, but this one is very comprehensive and gives wonderfully detailed explanations to all of its self-test problems - not just the answers. I ended up using this more than my actual text book and I highly recommend it to every student taking Finance.
Book is Okay.......2006-03-03
I thought that this study guide would follow the actual text book to the tee, but it does not. I was hoping it would follow the problems at the end of the chapters and explain in detail the problems.
Best Study Guide.......2004-10-09
This study guide was extremely helpful to me. It gives you all the main points and helps you understand the text better. I wish all study guides were this good!
Book Description
A systematic treatment of the economics of the modern firm, this book draws on the insights of a variety of areas in modern economics and other disciplines, but presents a coherent, consistent, innovative treatment of the central problems in organizations of motivating people and coordinating their activities.
KEY TOPICS: Introduces the fundamental problems organizations encounter and explains why they occur. Discusses a number of patterns of response — showing why organizations are structured as they are, why they adopt the policies they do, and how they solve organizational problems themselves.
Customer Reviews:
Over Amitious.......2005-09-08
While I really love this book (have studied it in detail from cover to cover) it tries to do too much.
It covers the CAPM model for example, but doesn't go into enough detail so that a reader can really get a good grasp of the model. Also, it shies away from using proper mathematical analysis of some models (as with many other American textbooks) which will give a naive reader a false sense of security.
Otherwise a great book, it's breadth and readability is excellent - would love an update sometime :)
Interesting and still relevant text on business economics.......2004-09-30
Paul Milgrom and John Roberts are big name professors at Stanford. You know they are big name because on the cover of the book their names are bigger than the title. That's sort of the definition, right?
Seriously, this is a very fine book. Even though it is a dozen years old and much has happened in the theories of organization, compensation, and incentives, the information in this book remains valuable. The book has 17 chapters organized in 7 parts. They are:
1)Does Organization Matter
2)Coordination: Markets and Management
3)Motivation: Contracts, Information, and Incentives
4)Efficient Incentives: Contracts and Ownership
5)Employment: Contracts, Compensation, and Careers
6)Finance: Investments, Capital Structure, and Corporate Control
7)The Design and Dynamics of Organization
I think that presenting these business topics as topics in economics is very helpful in developing the right habits of thinking. While the book is not heavy in mathematics, it does present the relevant formulas and does not shy away from serious discussions of economics. In this way it is a very practical and applied text.
While this book has been and should continue to be used in classes, I hope it gets a larger audience in the general readership interested in business and economics. It really is that interesting and well written.
A textbook on the firm........2002-06-25
This book is probably the first textbook on economics of organization. Since published in 1992, it has been widely used in classes. The main framework of the book lies in the conception of the firm as a system of incentive/coordination to allocate efficiently resources. So this book is an extension of neoclassical approach to the area of organization, though such concepts like bounded rationality and transaction cost are incorporated deeply into the architecture of the book. Unlike usual textbooks, this book has the overarching coherence with theoretical depth over various subjects like centralized/decentralized organization, moral hazard, rent, ownership, human resource management, investment, corporate governance. Such consistency is possible for its theoretical position: neoclassical approach. In that stance, the actor is motivated in its rational calculation, in other word incentive, although it¡¯s bounded in terms of information. How to organize such actor into an organization is the problem of coordination in the theory of the firm. Such an approach was widely adopted in the 1980s. But these days, resources/capabilities approach and evolutionary economics dominate the discourse on the firm. Capabilities, resources, dynamic capabilities, organizational learning, routine, tacit knowledge, knowledge creation, those are buzzwords to date. If you are to be specialized in the theory of the firm, this book should be read. But if not, I recommend Besanko, Dranove, and Shanley¡¯s ¡®Economics of Strategy¡¯. It takes trendy approach and that, it explains each subject with live examples from business world.
Possibly the best applied economics text ever........2000-04-22
Bluntly, this is the best university text in economics written in the 1990s. This may also be the best university text in useful economics ever written. You will learn a great deal about getting incentives right, about corporate governance, and about the labor market for managers. Its only flaw is that it overlooks the fact that the tools it teaches, and the arguments it lays out, can be used to formulate a powerful critique of government as well as of the modern corporation.
Customer Reviews:
Excellent.......2007-09-13
It was in excellent shape and got what I was looking for. I am happy with it.
Great purchase!.......2007-09-05
The condition was exactly what it stated, and it was the cheapest with high quality.
Recommend.......2007-08-23
The product was delivered to me ahead of schedule through regular US Postal mail....no problems, new book, all is well!!!! Great source for MBA course.
Book Description
Credit risk is today one of the most intensely studied topics in quantitative finance. This book provides an introduction and overview for readers who seek an up-to-date reference to the central problems of the field and to the tools currently used to analyze them. The book is aimed at researchers and students in finance, at quantitative analysts in banks and other financial institutions, and at regulators interested in the modeling aspects of credit risk.
David Lando considers the two broad approaches to credit risk analysis: that based on classical option pricing models on the one hand, and on a direct modeling of the default probability of issuers on the other. He offers insights that can be drawn from each approach and demonstrates that the distinction between the two approaches is not at all clear-cut. The book strikes a fruitful balance between quickly presenting the basic ideas of the models and offering enough detail so readers can derive and implement the models themselves. The discussion of the models and their limitations and five technical appendixes help readers expand and generalize the models themselves or to understand existing generalizations. The book emphasizes models for pricing as well as statistical techniques for estimating their parameters. Applications include rating-based modeling, modeling of dependent defaults, swap- and corporate-yield curve dynamics, credit default swaps, and collateralized debt obligations.
Customer Reviews:
This book is too quick for an introduction.......2006-05-14
I took a master level credit risk class with two assigned textbooks: this one and Quantitative Risk Management by McNeil et al. I love the second book more because it explains the fundamentals in a fabulous way; most of our lectures followed materials in McNeil's. As someone explained in another entry, Lando's book is like a survey book, which is very compact for a beginner.
Not bad at all..........2004-07-22
Contrary to other people, I have found the book very interesting and readable...The author is also referring to practical issues such as asset volatility estimation and CDO pricing..I think this book is more comparable to Bielecki-Rutkowsky kind of book, than to Schonbucher. It gives a good foundation of the theory, even if sometime I would have preferred to have more proofs of theorems.
Compact, readable and fairly complete.
A casual collection of models without sound understanding.......2004-07-20
The author briefly touched many models without quite understanding them himself (or checking their validity). Most of the text were collected (and rewritten) from reading the abstract or conclusion of the original papers. There is not enough insight or new info. It is absolutely not a book for someone who wants to learn because it is like a undergraduate's study report. If a book reviews many models, it should provide some insights, pros and cons of them, and at least some framework for other researchers to follow. It loses value if it merely rephrases some obvious and straghtforward assumptions of the original models.
I admire the author and the editor (Duffie) as researchers. However, the author is not ready yet to write a book of this kind and the editor has been a super star in finance, hence should not lower himself to this level for the sake of publication. This book does not provide useful info at all. Not good for a researcher or a practitioner (at all). Why not read the original papers' abstracts? That would be more informative.
A book for those who think Robert Jarrow is a lightweight!.......2004-07-02
Robert Jarrow praises this book! I think that tells you the level of this text. It's Ivy League Ph.D.-school material with inadequate background provided. I guess if you are already a director of research in an investment bank, this book provides a lucid and compact survey of the current state-of-the-art techniques of credit risk modeling. In short, this is a book written for people who already are comfortable with the subject at a very high level.
If you are a regular Schmoe like myself (someone comfortable at the Hull or Cuthbertson and Nitzche level) much of this book may zoom over your head. But if you regulary snicker at folks like me as derivatives dilatants and poseurs, I'd say check it out.
The book may be great. But for me it was a waste of money.
Did I mention that Robert Jarrow likes it?
Book Description
Continuing the four goals from the first edition, i.e. helping students to make good financial decisions, providing a solid text for the introductory MBA course, motivating students by demonstrating finance is relevant and interesting, and presenting the material clearly, this Tenth Edition promises to be the best yet. Written by a highly-acclaimed, best selling, author team, this text remains the only MBA-level text to present a balance of financial theory and applications.
Customer Reviews:
Since New Edition is available - not used much now.......2007-09-13
although I got one in good shape. Did not get the CD i was promised.
Find another finance book.......2004-07-20
This book is a nightmare; thoroughly confusing. Authors do not know how to teach! Brigham & Company will take 30 pages to explain a concept that can be done in 2 pages. I used this book for my finance class for my MBA; this one is not worth the money or your time.
Excellent Textbook. Retain After Graduation as Reference.......2003-11-01
As an MBA student, I have now had the opportunity to study different finance books. This is undoubtedly the best. The CD rom resources are excellent. I will certainly retain this book for refence after graduation.
Excellent!.......2003-09-27
This is no corporate finance for dummies book. So, don't expect to have "fun" with it. However, on a graduate level the book is near perfect. I especially appreciate its treatment of case studies - carrying the same case study from chapter to chapter where appropriate. There is a CDROM that contains, among other things, very useful and practical Excel templates for each chapter. The authors also provide foot notes that I encourage you to read. Many of them give the author's opinion of how the subject works in the real world verses the academic world. If you are the type that learns best by knowing the big picture first, make sure you get the Study Guide too.
My only beef with this text is in the index, which is woefully lacking -- rendering it less useful as a research source.
Terrible Book.......2003-09-16
This book is terrible. I am an educated person, but it seems that your undergrad must be in finance in order to get any use out of it. If you are required to use this book for your graduate finance class (and you don't have a degree in finance), please invest in the study guide. It will help you a great deal.
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