Corporate Finance by Stephen Ross (Author), Westerfield, Jaffe, and Jordan emphasizes the modern fundamentals of finance theory, providing contemporary examples to bring theory to life. The authors aim to present corporate finance as a small number of integrated and powerful intuitions rather than a collection of unrelated topics. Central concepts such as arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return are developed and used to explain corporate finance with a balance of theory and application. The Twelfth Edition includes new research findings and incorporates the Tax Cuts and Jobs Act (TCJA) throughout the text.