Franklin Allen

Richard A. Brealey

Stewart C. Myers

Describes the theory and practice of corporate finance. The authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. They bring fresh expertise and ideas to this textbook and partnership.

Principles of Corporate Finance

William B. Tye

A. Lawrence Kolbe

It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

This guide gives students a complete learning resource. It includes solutions to all Practice Problems and Challenge Problems from the text, an introduction to each chapter, key concepts, examples, chapter summaries, and chapter exercises with solutions.

Alan J. Marcus

Prepared by Bruce Swensen of Adelphi University, this resource contains solutions to the end-of-chapter problems for easy reference.

Stewart C. Myers

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