Principles of Corporate Finance (14th Edition) | Complete Chapter Summaries

All chapters are now available for free on our new platform: https://lastminutelecture.com This complete playlist delivers clear, structured, and comprehensive video summaries of every chapter and part from Principles of Corporate Finance (14th Edition) by Brealey, Myers, Allen, and Edmans, designed to help students master corporate finance efficiently and confidently. The playlist begins by establishing the core objective of financial management: maximizing shareholder value, introducing investment decisions, financing choices, opportunity cost of capital, agency problems, and corporate governance. From there, it builds a rigorous foundation in the time value of money, present value, net present value, annuities, perpetuities, discounting, and compounding, which underpin all modern valuation techniques. You’ll gain a deep understanding of bond and stock valuation, including yield to maturity, duration, interest rate risk, dividend discount models, free cash flow valuation, and present value of growth opportunities. The playlist then expands into capital budgeting, showing how firms forecast incremental cash flows, account for taxes and depreciation, manage inflation, evaluate mutually exclusive projects, and apply tools such as sensitivity analysis, scenario analysis, break-even analysis, and real options. Risk and return are explored through portfolio theory, diversification, the efficient frontier, CAPM, beta, cost of capital, and market efficiency, alongside behavioral finance insights that explain real-world deviations from theory. These concepts are applied directly to corporate decisions, ensuring projects are evaluated using appropriate risk-adjusted discount rates rather than arbitrary assumptions. The playlist provides extensive coverage of financing decisions, including debt versus equity, security issuance, IPOs, underpricing, payout policy through dividends and share repurchases, and capital structure theory. You’ll learn how tax shields, financial distress costs, agency conflicts, pecking-order behavior, and trade-off theory shape real-world borrowing decisions, supported by valuation frameworks such as WACC and adjusted present value. Advanced topics include options and financial flexibility, covering calls, puts, binomial models, Black-Scholes valuation, real options in capital budgeting, and the role of volatility in value creation. Corporate debt and credit risk are analyzed using structural models, bond covenants, leasing decisions, and modern debt instruments. The playlist also addresses risk management and derivatives, including futures, forwards, swaps, hedging strategies, duration matching, and the distinction between prudent risk management and speculation. Global finance is covered through foreign exchange markets, parity conditions, international capital budgeting, and political risk management. Later sections focus on financial statement analysis, financial planning, working capital management, mergers and acquisitions, corporate restructuring, bankruptcy, private equity, and corporate control, before concluding with a synthesis of what finance knows, what remains uncertain, and the future challenges facing financial markets. ? Ideal for undergraduate and MBA students ? Perfect for exam review, self-study, and concept reinforcement ? Clear explanations aligned with the official textbook structure This playlist is built to save you time while preserving depth, helping you understand not just the formulas—but the financial logic behind real corporate decisions. ?? Read full blog summaries for every chapter: https://lastminutelecture.com ?? Have a book recommendation? Submit your suggestion here: https://forms.gle/y7vQQ6WHoNgKeJmh8 Thank you for being a part of our little Last Minute Lecture family! ?? Disclaimer: These summaries are created for educational and entertainment purposes only. They provide transformative commentary and paraphrased overviews to help students understand key ideas from the referenced textbooks. Last Minute Lecture is not affiliated with, sponsored by, or endorsed by any textbook publisher or author. All textbook titles, names, and cover images—when shown—are used under nominative fair use solely for identification of the work being discussed. Some portions of the writing and narration are generated with AI-assisted tools to enhance accessibility and consistency. While every effort has been made to ensure accuracy, these materials are intended to supplement—not replace—official course readings, lectures, or professional study resources. Always refer to the original textbook and instructor guidance for complete and authoritative information.