Continuing the four goals from the first edition, i.e. helping students to make good financial decisions, providing a solid text for the introductory MBA course, motivating students by demonstrating finance is relevant and interesting, and presenting the material clearly, this Tenth Edition promises to be the best yet. Written by a highly-acclaimed, best selling, author team, this text remains the only MBA-level text to present a balance of financial theory and applications.
I liked how the authors clearly indicated the importance and connection of the topic of each chapter within the flow of monies within the company. The spreadsheets used to illustrate the concepts were very good. In the spreadsheet problems at the end of most chapters were very helpful. Additionally, it was the first text in my MBA program to do a great job of providing instructions on how to use a financial calculator to solve various time value of money and calculate cash flow calculations.
Suspect this to be written for, and aimed at financial practitioners, rather than students with different backgrounds. Exhaustively thorough. Could use an editor. Or a primer for the lay-person, who is more likely to hear about corporate finance in the context of economy-destroying market bubbles or industry notables like Enron & AIG.
Caveat for technologists - you know that glazed look you see in people when you try to explain what we do, when you don't explain in a way that breaks down the jargon, or relates our discipline to people who don't do what we do for a living? Yeah; you're going to find out what that's like. Be ready to re-read chapters.
Caveat for MBA students relying on Excel - you will find rounding errors in the book in solutions to chapter problems, and they will annoy you greatly if you're learning this discipline for the first time. Brigham and Erhardt offer $10 bounty per number error found in the book - but only for non-rounding numerical errors. Make of that what you will.
Imagine that an e-book edition, heavily cross-referenced, would be useful.
Rating this 3/5. Informs and instructs, but difficult to parse for non-practitioners, and does not replicate answers calculated against common tools.
Didn't really love this book, mostly because it wasn't relevant due to the professor's teaching style and content. There wasn't a lot of crossover. Annoying to me was the amount of errors in the answer key! Do they even check their answers?
I had to use this book for me Corporate Finance class and it's a lot. It has a lot of information in it and the back had the formulas will together which was very helpful.
I read parts of this for my MBA and I’m reading it again to understand the ins and outs of finance in the corporate world. It’s probably the gold standard for understanding finance and it’s been updated through the years regularly.
This is a textbook. The kind of dry textbook that serves its purpose but also serves as an example for why most people don't think about textbooks as being enjoyable.
Book was great in several areas and complemented the professor. It helps lay the foundation and then in advance corporate finance chapters it has relevant examples that are easy to follow and build on foundation ideas