Financial Theory and Corporate Policy (3rd Edition)

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Summary: Finance
Review: Copeland and Weston did an extraordinary work writing Financial Theory and Corporate Policy. This book is an excellent academic material for either MBA or Ph.D students with a concentration in finance. However, we need an update edition because the last one (1988) does not incorporate the last empirical developments. I hope Copeland and Weston can produce a new update edition. Everybody that loves finance will be very grateful.

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Summary: Detailed but flawed
Review: I have read the book in detail, since this was the primary textbook we had for our class. It is quite astounding how so many things have been compiled into a single book -- not only in scope but also in terms of the number of researches put together. But it can be noted that the authors are clearly biased towards "modern finance" and defend clearly their own views. Another flaw is that there are ambiguities in some parts. You would not really know what they want to say. With respect to mathematics, the level demanded is alright. In fact, it could probably be made better with more math. Ideas could become clearer that way.

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Summary: beautiful!
Review: Since I have a MA in Econ, I was looking for a book that builds the bridge from economics to finance. copeland and weston have done an excellent job,and I am lucky to have struck gold after months of frustrations with "popular" texts like brealey myers. Copeland and Weston is meant for advanced undergrad and grad students. It presents the material in a serious, mathematical fashion,unlike Stephen Leroy's Financial Economics (another excellent text, but aimed for Phd students),so that there is a feeling of actually learning something at the end of the chapter. Most importantly it doesent trivialize issues like B/M do. I would definitely recommend the book to those interested in learning finance seriously.especially to those with a masters background.

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Summary: PhD in Finance students- Go get it!
Review: This book is the best book that I have come across in the field of finance. Although as most students will agree the new edition is a little outdated in terms of research enumeration..it is still a great book. It is like a comprehensive mini dictionary actually which you can pick up and find out what you are looking for instantly. The authors have also done a decent job in terms of writing the text-- very easy to read and follow even for non majors..
if any PhD in finance students do not own this book they are missing out BIG TIME!

Rating:
Summary: More intelligent & quantitative than Brealy/Meyrs
Review: Treats the same subjects as the classis B/M MBA text, but for anyone who wants a little more than the "lowest common denominator" approach of B/M, far more satisfying and thoughtful. Don't need to be a math whiz but grounding in college calc and stats needed to make this book live up to this review.