●Maintains a heavy reliance on presenting the practical implications of modern concepts, such as market efficiency, beta risk, and market signaling.
●Data on realized returns on securities, industry ratios, median rations by S&P rating category, etc. is incorporated throughout.
●Chapter 4, Managing Growth, takes time to explain decisions around growth strategies, and especially about sustainable growth.
●Significant international examples are dispersed throughout the text and embedded in selected appendices, including Appendix 2A, “International Differences in Capital Structure.”
●There is special emphasis on the importance of business strategy for company financing choices and on the irrelevance proposition as a foundation for capital structure decisions.
●End-of-chapter material includes Excel problems, recommended websites, and references to additional material.