"When the three of us decided to write a book, we were united by one strongly held principle: Corporate finance should be developed in terms of a few integrated, powerful ideas. We believed that the subject was all too often presented as a collection of loosely related topics, unified primarily...

"The teaching and the practice of corporate finance are more challenging and exciting than ever before. Among other things, the first two decades of the twenty-first century brought us the global financial crisis of 2008-2009 and the COVID-19 pandemic of 2020-2021. Both shocks led to major...