The global pandemic restrictions, climate change, geopolitical tensions, and new artificial technologies have fundamentally impacted international financial markets and corporate strategy. Traditional finance theories have been questioned and their application to corporate decision-making has come under scrutiny like never before.

Part 1: Financial Markets and Financial InstrumentsChapter 1 Raising Capital: The Process and PlayersChapter 2Debt FinancingChapter 3Equity FinancingPart 2: Valuing Financial AssetsChapter 4Portfolio ToolsChapter 5Mean-Variance Analysis and the Capital Asset Pricing ModelChapter 6Factor Models and the Arbitrage Pricing TheoryChapter 7Pricing DerivativesChapter 8OptionsPart 3: Valuing Real AssetsChapter 9Discounting and ValuationChapter 10Investing in Risk-Free ProjectsChapter 11Investing in Risky ProjectsChapter 12Allocating Capital and Corporate StrategyChapter 13Corporate Taxes and the Impact of Financing on Real Asset ValuationPart 4: Capital StructureChapter 14How Taxes Affect Financing ChoicesChapter 15How Taxes Affect Dividends and Share RepurchasesChapter 16Bankruptcy Costs and Debt Holder-Equity Holder ConflictsChapter 17Capital Structure and Corporate StrategyPart 5: Incentives, information, and corporate controlChapter 18How Managerial Incentives Affect Financial DecisionsChapter 19The Information Conveyed by Financial DecisionsChapter 20Mergers and AcquisitionsPart 6: Risk ManagementChapter 21Risk Management and Corporate StrategyChapter 22The Practice of HedgingChapter 23Interest Rate Risk Management