This text takes a rigorous and authoritative coverage of major corporate finance topics, sitting at the highest level with regard to technical concepts. It takes a strong analytical approach and is well-suited to strong finance units where students will be continuing on to further studies in corporate finance. The Peirson brand is iconic in this market, with its respected author team including three Professors of Finance. The authors' objective for this update is to ensure that new developments in the field are incorporated whilst retaining the theoretical rigour for which the text is known. The text is suited to rigorous second-year subjects and lower third year subjects, as well as MBA-level finance non-majors.