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Fundamentals of Corporate Finance, Canadian Edition, 4th edition
Published by Pearson Canada (April 14, 2022) © 2023
- Jonathan Berk Stanford University
- Peter DeMarzo Stanford University
- David A. Stangeland University of Manitoba
- Andras Marosi University of Alberta
- Jarrad Harford University of Washington
Fundamentals of Corporate Finance presents finance as one unified whole based on two simple, powerful ideas: (1) valuation drives decision making—the firm should take projects for which the value of the benefits exceeds the value of the costs—and (2) in a competitive market, market prices (rather than individual preferences) determine values. The authors combine these two ideas with the Valuation Principle, and from it we establish all the key ideas in corporate finance.
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