How Are Chief Financial Officers Responding to the Current Economic Crisis?

New Corporate Finance Textbook Utilizes Best Practices From CFOs to Teach Students

South-Western, a leading publisher of business and economic textbooks and part of Cengage Learning, today announced the publication of Corporate Finance: Linking Theory to What Companies Do, 3e, a corporate finance textbook that uses best practices taken directly from CFOs around the world to show MBA students how to manage corporate finances during times of economic crises. In addition, the textbook applies academic theory to real life corporate financial situations.

The new lead author for the text, John R. Graham, Ph.D., is an award-winning author and nationally acclaimed finance researcher from Duke University. Dr. Graham serves as director of Duke University’s highly regarded CFO Global Business Outlook, a quarterly survey of financial executives that gauges the business outlook and solicits opinions on topical economic issues. These surveys are conducted jointly with CFO Magazine, and the findings are frequently highlighted in mainstream media. As one of today’s most prolific and widely-cited finance scholars, Dr. Graham brings a valuable, authoritative voice to the book, helping to bridge the gap between academic research and corporate finance practices.

Dr. Graham joins the author team of Scott B. Smart, Ph.D., of Indiana University and William L. Megginson, Ph.D., of the University of Oklahoma to present the latest financial theories with an emphasis on how theory shapes managerial decisions.

“I am thrilled to be working with this strong author team to help bring the lessons learned from today’s CFOs to life in the classroom,” says Dr. Graham. “Academic research can sometimes seem obscure and disconnected from what companies actually do. Because MBA students are highly focused on what they need to know to perform on the job, we focused our development to help students see the direct connections between theory and practice more clearly.”

By delivering timely examples and real-world experiences, Corporate Finance: Linking Theory to What Companies Do, 3e, is distinguished from other finance texts on the market. The textbook is supported by an extensive suite of Smart Finance learning tools, interactive features that reinforce learning, such as animated concept review tutorials, videos, solution steps and coaching. Corporate Finance: Linking Theory to What Companies Do, 3e will be available in October 2009.

About the Authors

John R. Graham, Ph.D., is the D. Richard Mead Jr. Family Professor of Finance at Duke University’s Fuqua School of Business. He has authored nearly two dozen articles in top academic and practitioner finance journals in the last decade. Dr. Graham has been recognized as an outstanding teacher by BusinessWeek, and in addition to teaching MBA corporate finance and corporate restructuring, he is an active contributor to the frontiers of financial research. He is a three-time winner of the Jensen Prize from The Journal of Financial Economics and winner of the Brattle Prize from The Journal of Finance. His tax rate and cost of capital calculations are widely used in practice today.

Scott B. Smart, Ph.D., is a Whirlpool Finance Faculty Fellow and Director of the Corporate Finance Academy at Indiana University. Dr. Smart has authored articles in top academic journals such as The Journal of Accounting and Economics, The Journal of Applied Corporate Finance, Financial Review and The Journal of Finance. Dr. Smart is a member of several professional associations including the American Finance Association and the American Economics Association. He has co-authored four other textbooks.

William L. Megginson, Ph.D., is a Professor and Rainbolt Chair in Finance at the University of Oklahoma’s Michael F. Price College of Business. He has published articles in several top academic journals, including The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis and Foreign Policy. He is the vice president for financial education of the Financial Management Association, and is also a member of the Executive Committee of the European Finance Association. He has authored or co-authored seven textbooks.

About Cengage Learning and South-Western

Cengage Learning delivers highly customized learning solutions for colleges, universities, instructors, students, libraries, government agencies, corporations and professionals around the world. These solutions are delivered through specialized content, applications and services that foster academic excellence, professional development, and measurable learning outcomes. Cengage Learning’s existing company and imprint brands include Heinle, Gale, Wadsworth, Delmar, Brooks/Cole and South-Western, among others. For more information on Cengage Learning please visit www.cengage.com.