Corporate Finance European Edition David Hillier Pdf Free: Features, Benefits and Online Resources
Corporate Finance European Edition David Hillier Pdf Free
Are you looking for a comprehensive and engaging textbook on corporate finance that covers both theory and practice? Do you want to learn from the experts who have years of experience in teaching and research in this field? Do you want to access the pdf version of this book for free without breaking any laws or ethical principles? If you answered yes to any of these questions, then this article is for you.
Corporate Finance European Edition David Hillier Pdf Free
In this article, we will introduce you to Corporate Finance European Edition by David Hillier, Iain Clacher, Stephen Ross, Randolph Westerfield and Bradford Jordan. We will explain what corporate finance is, why you should study it, who are the authors of this book, what are the features of this book, how to access the pdf version of this book for free, and how to use it effectively for your learning. By the end of this article, you will have a clear idea of whether this book is suitable for your needs and how to get the most out of it.
What is Corporate Finance?
Corporate finance is the area of finance that deals with the decisions that corporations make regarding their investments, financing, dividends, mergers and acquisitions, risk management, corporate governance and valuation. It also examines how these decisions affect the value of the firm, its shareholders and other stakeholders.
Corporate finance is based on a set of principles and concepts that help managers to maximize the value of their firms while minimizing the cost of capital. Some of these principles include:
The separation principle: The value of a firm is independent of its capital structure or dividend policy.
The investment principle: A firm should invest in projects that have a positive net present value (NPV), meaning that they generate more cash flows than they cost.
The financing principle: A firm should finance its projects with the optimal mix of debt and equity that minimizes its weighted average cost of capital (WACC).
The dividend principle: A firm should distribute its excess cash flows to its shareholders in the form of dividends or share repurchases.
The risk-return trade-off: A firm should choose its level of risk exposure according to its expected return and its risk preferences.
Corporate finance also uses various tools and techniques to analyze and evaluate different financial decisions. Some of these tools include:
Financial statements analysis: The process of examining the financial performance and position of a firm using its income statement, balance sheet, cash flow statement and ratios.
Time value of money: The concept that money available today is worth more than money available in the future because it can be invested at a certain interest rate.
Discounted cash flow (DCF) valuation: The method of estimating the value of a project, a firm or an asset by discounting its future cash flows at an appropriate discount rate.
Capital budgeting: The process of selecting and ranking the most profitable investment projects for a firm.
Capital structure: The mix of debt and equity that a firm uses to finance its operations and growth.
Cost of capital: The minimum required return that a firm must earn on its investments to satisfy its investors and creditors.
Dividend policy: The decision of how much and how often a firm pays dividends to its shareholders.
Mergers and acquisitions (M&A): The transactions that involve the combination or separation of two or more firms.
Risk management: The process of identifying, measuring and managing the various sources of risk that a firm faces, such as market risk, credit risk, operational risk and strategic risk.
Corporate governance: The system of rules, practices and processes that govern the way a firm is directed and controlled by its board of directors, managers, shareholders and other stakeholders.
Why Study Corporate Finance?
Corporate finance is an essential subject for anyone who wants to understand how businesses operate, grow and create value. Whether you are a student, a manager, an investor, an entrepreneur or a policy maker, you can benefit from studying corporate finance in many ways. Some of these benefits include:
You will learn how to make sound financial decisions that align with the goals and objectives of your organization or your personal interests.
You will develop critical thinking and problem-solving skills that will help you to analyze complex financial situations and scenarios.
You will gain a deeper insight into the functioning and dynamics of financial markets and institutions that affect the availability and cost of capital for firms.
You will understand the role and impact of corporate finance on the economy, society and the environment.
You will enhance your career prospects and opportunities in various fields and industries that require financial knowledge and expertise.
Who are the Authors of Corporate Finance European Edition?
Corporate Finance European Edition is written by a team of five distinguished authors who have extensive experience in teaching and research in corporate finance. They are:
David Hillier: Professor of Finance and Executive Dean of the University of Strathclyde Business School in Glasgow, Scotland. He has published over 50 articles in leading academic journals and has won several awards for his research and teaching excellence. He is also a co-author of Fundamentals of Corporate Finance, another popular textbook on corporate finance.
Iain Clacher: Associate Professor in Accounting and Finance and Co-Director of the Centre for Advanced Studies in Finance at the University of Leeds Business School in Leeds, England. He has published widely on topics such as pension fund management, corporate governance, behavioral finance and financial regulation. He is also a co-author of Fundamentals of Corporate Finance.
Stephen Ross: Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management in Cambridge, Massachusetts, USA. He is one of the most influential scholars in finance, having developed several groundbreaking theories and models such as the arbitrage pricing theory (APT), the binomial option pricing model (BOPM), the agency theory and the term structure theory. He is also a co-author of Corporate Finance, another popular textbook on corporate finance.
Randolph Westerfield: Dean Emeritus and Professor Emeritus of Finance at the Marshall School of Business at the University of Southern California in Los Angeles, California, USA. He has published extensively on topics such as corporate finance, investment banking, mergers and acquisitions, market efficiency and valuation. He is also a co-author of Corporate Finance and Fundamentals of Corporate Finance.
Bradford Jordan: Richard W. And Janis H. Furst Endowed Chair in Finance at the Gatton College of Business and Economics at the University of Kentucky in Lexington, Kentucky, USA. He has published widely on topics such as corporate finance, investments, financial institutions and markets, valuation and real options. He is also a co-author of Fundamentals of Corporate Finance.
What are the Features of Corporate Finance European Edition?
Corporate Finance European Edition is a comprehensive and engaging textbook that covers both theory and practice of corporate finance in a global context. It has several features that make it an ideal choice for students and instructors alike. Some of these features are:
Part 4: Capital Structure and Dividend Policy; Part 5: Long-Term Financing; and Part 6: Special Topics. The book also includes four appendices: Appendix A: Mathematical Tables; Appendix B: Solutions to Selected End-of-Chapter Problems; Appendix C: Answers to Concept Questions; and Appendix D: Using Excel to Solve Financial Problems. The book covers both the European and the global perspectives of corporate finance, with examples and cases from various countries and regions.
Structure: The book follows a logical and consistent structure that facilitates learning and understanding. Each chapter begins with a set of learning objectives that outline the main goals and outcomes of the chapter. Then, the chapter presents the key concepts and theories of corporate finance in a clear and concise manner, supported by examples, illustrations, tables and figures. Next, the chapter provides a summary of the main points and a list of key terms that help students to review and reinforce their learning. Finally, the chapter ends with a set of questions and problems that test students' knowledge and skills in applying corporate finance concepts and techniques. The questions and problems are categorized into three levels of difficulty: easy, moderate and challenging.
Pedagogy: The book employs various pedagogical features that enhance students' engagement and interest in corporate finance. Some of these features are:
Concept Questions: These are short questions that check students' understanding of the basic concepts and definitions of corporate finance. They are placed throughout the chapters and at the end of each chapter.
Financial Planning Problems: These are problems that require students to use Excel or a financial calculator to perform financial planning and analysis for a hypothetical firm or a real-world company. They are placed at the end of selected chapters.
Mini Cases: These are short cases that illustrate how corporate finance concepts and techniques are applied in real-world situations. They are placed at the end of selected chapters.
Case Studies: These are longer and more comprehensive cases that challenge students to apply their corporate finance knowledge and skills to solve complex financial problems faced by real-world companies. They are placed at the end of each part.
Finance in Action Boxes: These are boxes that highlight interesting and relevant topics related to corporate finance, such as ethical issues, current events, historical facts, global trends, career opportunities and personal finance tips. They are placed throughout the chapters.
Finance in Practice Boxes: These are boxes that show how corporate finance concepts and techniques are used by practitioners in various fields and industries, such as accounting, banking, consulting, entrepreneurship, law, management and marketing. They are placed throughout the chapters.
Online Resources: The book is accompanied by a rich set of online resources that complement and supplement the book content. These resources include:
Student Resources: These include an online version of the book, additional questions and problems, Excel templates, PowerPoint slides, interactive quizzes, flashcards, glossary, web links and videos.
Instructor Resources: These include an instructor's manual, solutions manual, test bank, PowerPoint slides, Excel templates, case notes, teaching tips and videos.
How to Access Corporate Finance European Edition Pdf Free?
One of the most common questions that students have about Corporate Finance European Edition is how to access the pdf version of this book for free. While we understand that students may have financial constraints or preferences for digital formats, we also want to emphasize the importance of respecting the intellectual property rights of the authors and publishers of this book. Therefore, we strongly advise against accessing or downloading illegal or pirated copies of this book from unauthorized websites or sources.
Accessing or downloading illegal or pirated copies of this book may expose you to various risks and consequences, such as:
You may violate the copyright laws and ethical principles that protect the authors' and publishers' rights to their work.
You may compromise your academic integrity and reputation by using unverified or inaccurate information from unreliable sources.
You may harm your computer or device by exposing it to viruses, malware or spyware that may be embedded in the illegal or pirated copies.
You may miss out on the benefits of using the official online resources that accompany this book, such as the online version of the book, the additional questions and problems, the Excel templates, the PowerPoint slides, the interactive quizzes, the flashcards, the glossary, the web links and the videos.
Therefore, we recommend that you access or download the pdf version of this book only from the official website of the publisher or from authorized distributors or platforms. There are several ways to do so legally and ethically, such as:
Download from the official website
The easiest and most convenient way to access the pdf version of this book for free is to download it from the official website of the publisher, McGraw-Hill Education. To do so, you need to follow these steps:
Go to https://www.mheducation.co.uk/corporate-finance-european-edition-9780077173630-emea, which is the product page of this book on the publisher's website.
Click on the "Create an account" button and register with your name, email address and password.
Once you have created your account, log in with your email address and password.
Click on the "Access Online" button and select "eBook" from the drop-down menu.
You will be redirected to a page where you can view or download the pdf version of this book for free.
Note that you need to have a stable internet connection and a compatible browser or device to access or download the pdf version of this book from the official website. You also need to agree to the terms and conditions of use and privacy policy of the publisher before accessing or downloading the pdf version of this book.
Borrow from a library or a friend
Another way to access the pdf version of this book for free is to borrow it from a library or a friend who has a legal copy of this book. To do so, you need to follow these steps:
Find out if your local library or your university library has a legal copy of this book in their collection. You can use online catalogues or databases to search for this book by its title, author, ISBN or keywords.
If your library has a legal copy of this book, check its availability and loan policy. You may need to reserve it in advance or wait for it to be returned by another borrower.
Once you have borrowed the legal copy of this book from your library, you can scan or photocopy the pages that you need for your personal use. You can also use a software or an app that can convert scanned or photocopied images into pdf files.
If your library does not have a legal copy of this book, ask your friends or classmates if they have a legal copy of this book that they are willing to lend you. You can also use online platforms or social media to request for a legal copy of this book from other users who have it.
Once you have borrowed the legal copy of this book from your friend, you can scan or photocopy the pages that you need for your personal use. You can also use a software or an app that can convert scanned or photocopied images into pdf files.
Note that you need to respect the rights and wishes of the owner of the legal copy of this book when you borrow it from them. You also need to return it in good condition and within the agreed time frame. You should not share or distribute the scanned or photocopied pages or pdf files with anyone else without their permission.
Use a free trial or a coupon code
A third way to access the pdf version of this book for free is to use a free trial or a coupon code that may be offered by some online platforms or distributors that sell or rent this book legally. To do so, you need to follow these steps:
Search for online platforms or distributors that sell or rent this book legally, such as Amazon, Chegg, VitalSource, Kobo, Google Play Books, etc. You can use online search engines or comparison tools to find them.
Check if they offer a free trial or a coupon code that can give you access to the pdf version of this book for free or at a discounted price. You may need to sign up for their newsletter, follow their social media accounts, participate in their surveys or contests, refer their services to your friends, etc. to get a free trial or a coupon code.
download the pdf version of this book for free or at a discounted price.
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Avoid illegal or pirated copies
As we have mentioned earlier, we strongly advise against accessing or downloading illegal or pirated copies of this book from unauthorized websites or sources. Not only is this unethical and illegal, but it also exposes you to various risks and consequences that may harm you or your device. Therefore, we urge you to avoid illegal or pirated copies of this book and use only legal and ethical ways to access the pdf version of this book for free.
How to Use Corporate Finance European Edition Pdf Effectively?
Now that you have learned how to access the pdf version of this book for free, you may wonder how to use it effectively for your learning. Here are some tips and best practices that can help you to get the most out of this book:
Read the chapters carefully and take notes
One of the most important things that you can do to learn corporate finance effectively is to read the chapters carefully and take notes. Reading the chapters carefully will help you to understand the key concepts and theories of corporate finance, as well as their applications and implications. Taking notes will help you to summarize and organize the main points and details of each chapter, as well as to highlight the important terms and formulas that you need to remember.
To read the chapters carefully and take notes, you can follow these steps:
Skim through the chapter before you read it in detail. Look at the learning objectives, the headings and subheadings, the tables and figures, the summary and the key terms. This will give you an overview of what the chapter is about and what you can expect to learn from it.
Read the chapter in detail from beginning to end. Pay attention to the definitions, explanations, examples, illustrations and applications of corporate finance concepts and techniques. Try to relate them to your own experience or knowledge.
Take notes as you read. Use your own words to paraphrase or summarize the main points and details of each section. Write down the important terms and formulas that you need to remember. Use bullet points, symbols, abbreviations, diagrams or charts to make your notes clear and concise.
Review your notes after you finis