The book was used for our MBA finance course. This book has so much fluff that is just difficult to read through. The authors keep rambling so much about 'stuff' that the main idea gets lost. On the other hand, some chapters (e.g. cash budgeting) has not been covered in sufficient details. I got so bored that I purchased the Ivo Welch book http://www.amazon.com/Corporate-Finance-Ivo-Welch/dp/0984004955/ref=sr_1_1?ie=UTF8&qid=1351899001&sr=8-1&keywords=ivo+welch and it is MUCH better. Alas, the Ivo Welch book has content that does not align with our course curriculum. I also had access to the following book http://www.amazon.com/Fundamentals-Corporate-Finance-Standard-Stephen/dp/0073382396/ref=sr_1_1?s=books&ie=UTF8&qid=1351899077&sr=1-1&keywords=finance+ross and it is a much more readable book. What a terrible waste of money!!! Do yourself a favor and skip the BMA book!!!
the book is really brand new and complete',but it took abt two weeks to ship the book'anyway its free so its reasonable
The book arrived as promised in great condition and promptly! Also got the tracking info (which I like) since UPS was used!
Great book and it was provided at a very good cost. International edition but same as the us version just not hard cover.
Difficult class and a tough read. The concepts need a lot more spoon feeding to get across the concepts to those rusty with finance. Break down of the problems and footnotes are sneaky at times.
For simple financial concepts to be overloaded with complex and mostly practical examples is a great way to learn it well.
Many books will teach you concepts without real life explanations, leaving readers baffled on how things are applied in the real world.
Difficult read and their book does not give many examples to the problems that are then given in the book and on connect.
I bought this book proactively for a class and bought the Connect Plus online code to be safe. I logged onto the website and the website is down since 2011! Do not waste your money or worry about getting a clean code if the service itself isn't even running!
I needed this book for my Financial Management course. Delivery was prompt and the book, although used, look brand new. The text is very detailed and easy to follow with my instructor.
If you are not already well-versed in financial jargon or have a basic understanding about equities, securities and credit derivatives - DO NOT buy this book. Otherwise, if you are already familiar with the foregoing subjects then this book will serve you well by all means. It is filled with deep, insightful information that will broaden the horizons of knowledge for any financial professional. It is the conspicuous and crowning choice for all advanced corporate finance texts. AGAIN, I do not recommend it for a rudimentary course in finance or securities.
I may be a little harsh here, but this book is impossible for me to get through. The arguments presented ramble on and make it difficult to understand what the authors are trying get at. Extensive use of footnotes makes it difficult for me to figure out what's really important: I try to take the time to read them, but the volume of footnotes for some of the material presented makes it seem like they need to be incorporated into the body of the text rather than cast to the bottom of the page in 8 point font.
Granted, corporate finance is probably not the most interesting topic in the world, but the chapters on value (Ch. 1-6) seem to be just another rehashing of the same material applied to sotcks instead of bonds, then net present value instead of present value. A little more conciseness and clarity is warranted--the authors do not need to keep presenting the same thing over and over again, it's wasteful. Perhaps that is why another reviewer pointed out that between the 8th and 9th editions, the number of pages was cut by over 100.
Another drawback is the fact that if you'd like to practice the material presented in the chapter, you'll need to find another resource. The authors include answers for only odd-numbered 'basic' problems--this amounts to about 5 problems per chapter, most of which are so easy (directly from examples in the text) that they are really not helpful anyway. If you want to practice something that will teach you something, the intermediate and challenge problems, you'll have to pay McGraw-Hill some cash beyond the $150 or so they want for the book to access their online content. What a joke.
Some of the material is presented well, but much of it is presented in a drawn-out, disinteresting manner. The authors should try to get to their point quicker and pare the book down. This shouldn't be too hard since there are 34 chapters in the 10th edition. If this really is the business school standard for half the US, that's really too bad, or I'm completely wrong.
I completed my MBA in 2007 at Ohio State University. The basic course in corporate finance used the 8th edition of this book. My review is based upon that edition plus some of my PhD work at Purdue University.
I appreciated the clarity of the writing. The authors are very transparent about key assumptions, particularly re: the evaluation of long-term investment decisions. This is useful for students at all levels, but it is especially good for beginning students. Beginners do not have to accept the authors' conclusions sheerly upon the basis of their authority; the rationale for preferring Net Present Value (NPV) analysis over alternatives (such as IRR or BCR) is completely demystified.
Based upon my research (in progress as I write this in Fall 2010), there is no unanimity among schools as to which text ought to be used in their MBA programs. About half of the schools from whom I have received a response so far use this textbook. The other half use 1) Berk and Demarzo, 2) Ross, Westerfield, and Jaffee, or 3) Higgins.
While book choices vary among schools, method does not. Every school so far expresses a firm preference for NPV analysis over its alternatives. If you find a book that anchors its analysis in NPV and is clear about its proper use and limitations, that book will serve you well. Brealey, Myers, & Allen do not have the only book in this category, but they have a very good one. Its popularity is warranted.
I am trying to decide whether to buy this book or the 9th edition. Amazon says the 10th edition is only 875 pages while the 9th is close to 1100. This seems strange. Does anyone know if major b-schools will use the 10th or stick with the 9th (or is the Ross Westerfield book a better bet). My friends at Harvard Business School say that Berk Demarzo is a better bet and that seems to be the book of choice at Booth (UC Business School). Any comments would be appreciated.
Product Details :
Hardcover: 960 pages
Publisher: McGraw-Hill/Irwin; 10 edition (February 5, 2010)
Language: English
ISBN-10: 0073530735
ISBN-13: 978-0073530734
Product Dimensions: 8.3 x 1.4 x 10.1 inches
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