This text remains the only text in the market that presents a balance of financial theory and applications. The authors maintain the same four goals as with the first edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly.
About the Author
Dr. Eugene F. Brigham is a Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his MBA and PhD from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to coming to the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham served as president of the Financial Management Association, and wrote more than the 40 journal articles on the cost of capital, capital structure, and other aspects of financial management. The ten textbooks on managerial finance and managerial economics which he authored or co-authored are used at more than 1,000 universities in the United States, and have been translated into 11 languages for worldwide use. He testified in numerous electric, gas, and telephone rate cases at both the federal and state levels. He served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and do research, as well as continue his work on textbooks. He spends his spare time on the golf course and with his family and two dogs, Geoff (after Geoffrey Chaucer) and Chocolate Chip. He also enjoys outdoor adventure activities and recently returned from a biking trip in Alaska, where he and his daughter biked nearly 300 miles in a week and took a 15-mile, seven-hour hike up a 14,240-foot peak. He was glad to get back to textbooks! Mike Ehrhardt is a Professor in the Finance Department and is the Paul and Beverly Castagna Professor of Investments. He did his undergraduate work in Civil Engineering at Swarthmore College. After working several years as an engineer, he returned to graduate school and received an M.S. in Operations Research and a Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt taught extensively at the undergraduate, masters, and doctoral levels in the areas of investments, corporate finance, and capital markets. He has directed and served on numerous dissertation committees. He is a member of the team that developed and delivered the integrative first year of the MBA program. He was the winner of the Allen G. Keally Outstanding Teacher Award in the College of Business in 1989, the Tennessee Organization of MBA Students Outstanding Faculty member in 1998, the College of Business Administration Research & Teaching Award in 1998, and the John B. Ross Outstanding Teaching Award in the College of Business in 2003. Much of Mike's research is in the areas of corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research, and The Journal of Banking and Finance. He is the author of The Search for Value: Measuring the Company's Cost of Capital, published by the Harvard Business School Press. He is a co-author of Financial Management: Theory and Practice, the market-leading MBA finance textbook, and Corporate Finance: A Focused Approach, a more focused textbook that can be covered in a single semester. Mike teaches in Executive Education Programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply-chain management, and the cost of capital.