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Corporate Finance provides coverage in a more concrete and problem-based approach than other books on the market. Robert J. Rhee distinguishes this casebook from other fine books in the field in four ways: This book is interdisciplinary in nature, providing essential coverage of the basic concepts of accounting and finance needed for a business lawyer to understand the economics of the transaction; this book facilitates ease of learning and teaching, avoiding excerpting technically dense academic writings in finance and economics, which can intimidate students and teachers; it provides a basic understanding of financial instruments to prepare students for corporate practice, including many examples of actual financial contract terms and other transactional documents taken from various sources; this book takes a business and transactional perspective, including several case studies, which give students the opportunity to analyze legal problems in the context of business transactions.
New to the Second Edition:
Updates to the accounting materials in Chapter 1, including a presentation of the financial statements of Google (Alphabet) and Facebook (Meta Platforms).
New Delaware appraisal cases that deal with the use of the discounted cash flow method of valuation.
Revisions to Chapter 7, Debt Instruments, in light of new cases and materials on indentures and covenants.
Additional materials on venture capital investments.
Revisions to Chapter 9, Derivatives, to focus on plain vanilla put and call options.
A new Chapter 10 (Structured Finance) has been added to discuss structured finance transactions and instruments with a focus on asset securitizations and credit derivatives.
Professors and students will benefit from:
Clear coverage of accounting, finance, valuation, and transactional economics along with good coverage of the major categories of financial instruments (common stock, preferred stock, debt, convertible securities, and derivatives).
By the end of the course, students will have a basic understanding of the business aspects of corporate financing and the legal features of the majority classes of financial instruments used in corporate financing.
Materials on accounting, finance, valuation, and transactional economics are presented in a clear, accessible way.
Editing and annotation of the case opinions facilitate ease of reading and learning.
Case studies of actual transactions at the end of some chapters, which illustrate the real-world application of the use of various securities.
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About the authors
Robert Rhee
University of Maryland Law School
Professor Rhees legal experience includes positions as a law clerk on the U.S. Court of Appeals for the Third Circuit, and a trial attorney in the Honors Program of the U.S. Department of Justice. He also has significant investment banking experience. He was a vice president in financial institutions investment banking at Fox-Pitt, Kelton (a unit of Swiss Re) in New York, and an MA investment banker at UBS Warburg in London. He has worked on public and private MA assignments, distressed restructurings, private equity funding, and debt and equity issuances. His scholarly interests include risk-focused economic analyses of legal and social problems. The subject areas of study have included business, torts, and civil justice. His articles have been published or accepted for publication in the New York University Law Review, Michigan Law Review, Northwestern University Law Review, Notre Dame Law Review, Emory Law Journal, William Mary Law Review, University of Colorado Law Review, George Mason Law Review, Florida Law Review, Arizona State Law Journal, Maryland Law Review, South Carolina Law Review, Journal of Corporation Law, Journal of Business Technology Law, International Journal of Evidence Proof, Virginia Environmental Law Journal, and St. Johns Law Review. Professor Rhee is also the author of several books: Essential Concepts of Business for Lawyers (forthcoming 2012 Aspen); Limited Liability Entities: LLCs and Partnerships (forthcoming in series of 10 volumes starting in 2012, Aspen); Corporate Finance (forthcoming 2014, casebook with Aspen). He has authored several book chapters, including a substantial chapter on federal terrorism reinsurance in Appleman on Insurance 2d. His work is frequently cited in traditional law reviews and academic books. His articles have also been cited by the U.S. Presidents Working Group on Financial Markets (a joint report of Treasury, Federal Reserve, SEC and CFTC), a GAO report to Congress, a House congressional bill, RAND Corporation, the Restatement (Third) of Torts, several law school casebooks, and appellate judicial opinions including opinions of the Connecticut and New York appellate courts, and the Indiana and Tennessee supreme courts. He has taught law in the Netherlands and Korea, and business ethics at the University of Maryland Robert H. Smith School of Business. He was born in Seoul, Korea, immigrated to the United States.