Stock Markets and Corporate Finance: A Primer examines the nature of the stock market and its implications for corporate management. In the historical context of financial institutions and business finance, students are stimulated to learn that traditional totems of corporate finance can no longer be presented as dogma, but rather as exceedingly frail models of reality. At the core of this text is the philosophy that financial institutions and corporate/business finance are more satisfactorily understood in relation to one another. This revised text from the 2017 Stock Markets and Corporate Finance has allowed for a reshaping of the material with the deletion of a number of chapters considered "interesting" but overly academic. This additional space has allowed for an update on the chapter "Financial Institutions and a History of Stock Markets" as well as accounting for the circumstances of a post-COVID-19 era. The chapter "Financial Planning and Working Capital" has been reworked to demonstrate how a firm's financial management team might interrogate its financial accounts to assess the viability of the firm and the management of its working capital. From reading this book, the reader will achieve insight into the behaviour and importance of financial institutions and firms as they are presented in the media, and how they impact on their own lives. Exercises and solutions are designed to re-enforce chapter material, while animated PowerPoint presentations are available as supplementary material to the book. PowerPoint slides have been designed with animations with the aim of providing an alternative overview for each chapter. PowerPoint Slides Chapter 1: Introduction (1 MB) Chapter 2 (Part 1): The Players (1 MB) Chapter 2 (Part 2): Black Monday (1 MB) Chapter 2 (Part 3): The dot.com Bubble (756 KB) Chapter 2 (Part 4): The GFC (1 MB) Chapter 2 (Part 5): From Here to Eternity (1 MB) Chapter 3: The Time Value of Money and Financial Planning (3 MB) Chapter 4: Market Debt, Interest Rates and Valuation (1 MB) Chapter 5: The Valuation of Equity Shares (3 MB) Chapter 6: Shareholders' Required Rate of Return (CAPM) (2 MB) Chapter 7: The Nature of Market Growth Revisired (2 MB) Chapter 8: Financial Leverage (3 MB) Chapter 9: Valuation of Cash Flows (1 MB) Chapter 10: Investment Decision-Making_Theory and Practice (1 MB) Chapter 11: Financial Planning and Working Capital (2 MB) Chapter 12: Ethical Behaviour (2 MB) Request Inspection Copy Sample Chapter(s) Preface Chapter 9: Valuation of Cash Flows Contents: Part A: Introduction: Stock Markets, Investments and Corporate Financial Decision-Making Financial Institutions and a History of Stock Markets The Time Value of Money and Financial Planning Market Debt, Interest Rates, and Bond Valuation The Valuation of Equity Shares Shareholders' Required Rate of Return (The Cost of Equity Capital) Statistical Patterns of Stock Market Returns Part B: Financial Leverage Valuation of Cash Flows Investment Decision-Making: Theory and Practice Financial Planning and Working Capital: The Firm's Financial Statements Ethical Behavior Readership: Well-designed to accompany an introduction to all standard tertiary degree "finance" programs at the undergraduate level. The textbook also represents an ideal introduction to finance for MBA courses as well as providing a lively first introduction for postgraduate finance courses.