With thousands of copies of the latest edition sold, Corporate Finance, Theory and Practice has emerged as one of the most popular financial textbook, thanks to its four unique features:

• A balanced blend of theory and practice: authors hold academic positions at top ranking universities and business schools and are also investment bankers, private investors or sit on the boards of listed and unlisted companies.
• A presentation of concepts that explain situations,followed by a discussion of techniques in a direct and succinct style.
• Content enriched by the www.vernimmen.com website, which with 1,500 daily visitors, is one of the leading finance teaching sites worldwide.
• Free monthly updates on finance through The Vernimmen.com Newsletters, with over 60,000 subscribers.

The world of finance has changed a lot since the second edition (early 2009), and the new addition focuses on the consequences of the financial crisis that started in 2007, which has taken on such enormous proportions that we open the book with a development entitled “Contrasts, shocks, threats and opportunities”.  The chapters on financial markets, LBOs, investments and capital structures have been thoroughly overhauled as a result of the crisis.

As most of our professional readers have recently spent a large part of their time in managing working capital, i.e. reducing it, we have create a new chapter devoted to this topics and for those who have not lost hope we also added a new chapter about IPOs.

We have also done a major updating job to create a tool that is accurate, reliable, comprehensive and relevant.  We’ve included the very latest accounting standards, most statistics and graphs are from mid 2011 or end 2010, the latest innovations in financial practice are discussed (expected end of the corridor method, etc.) and the latest financial theories are presented (research into behavioural finance, etc.).

To make sure that you get the most out of your Vernimmen, each chapter ends with a summary, a series of problems and questions (827) (solutions provided). For those interested in exploring the topics discussed in greater depth, there is an end-of-chapter bibliography and suggestions for further reading, covering fundamental research papers, articles in the press and published books. A large number of graphics and tables (over 100) have been included in both the appendix and in the body of the text which can be used for comparative analyses.  There are over 3,500 entries in the index. 

To buy the 2011 edition of The Vernimmen, click here