Introduction to Corporate Finance

Introduction to Corporate Finance

by William L. Megginson & Scott B. Smart

The authors wrote this text in response to the absence in the market of a text that would meet the needs of finance majors, but would still be accessible to all students. In many cases, as many as 80% of undergraduate corporate finance courses are filled with non-finance majors who are either intimidated by this course or who don't understand why they have to take the class (or both!). This text addresses the challenges all professors face: keeping students at varying degrees of ability and interest motivated and invested in the material. The authors wrote this text in response to the absence in the market of a text that would meet the needs of finance majors, but would still be accessible to all students. In many cases, as many as 80% of undergraduate corporate finance courses are filled with non-finance majors who are either intimidated by this course or who don't understand why they have to take the class (or both!). This text addresses the challenges all professors face: keeping students at varying degrees of ability and interest motivated and invested in the material.

Bill Megginson is Professor and Rainbolt Chair in Finance at the University of Oklahoma. He is also a voting member of the Italian Ministry of Economics and Finance’s Global Advisory Committee on Privatization. He has published refereed articles in several top academic journals, including the Journal of Economic Literature, the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and Foreign Policy. Dr. Megginson holds a Ph.D. in finance from Florida State University. He has visited 63 countries and has served as a privatization consultant for the New York Stock Exchange, the OECD, the IMF, the World Federation of Exchanges, and the World Bank.

Scott Smart has been a member of the Finance Department at Indiana University since 1990. He has published articles in scholarly journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Accounting and Economics, and the Review of Eco¬nomics and Statistics. His research has been cited by the Wall Street Journal, Business Week, and other major newspapers and periodicals. Professor Smart holds a Ph.D. from Stanford University and has been recognized as a master teacher, winning more than a dozen teaching awards, at the graduate level. Some of his consulting clients include Intel and Unext.