Derivatives – An Introduction to the World of Financial Products
March 27, 2025
10:38 am
No fear of derivatives – an easy introduction to the world of financial products
Table of Contents
The 12th edition of the business administration classic will be released mid-year – featuring current topics such as Private Debt and imperfect capital markets.
MUNICH – A classic in business administration is entering its next phase:
The long-awaited 12th edition of the standard work “Fundamentals of Corporate Finance” will be released mid-year. The renowned textbook by Günter Wöhe, Jürgen Bilstein, Dietmar Ernst, Joachim Häcker, and Werner Gleissner has been fundamentally updated and expanded to include central topics of modern corporate finance.
Private Debt & Capital Markets:
New Content for Practice
In the new edition, the authors address current developments, such as the growing importance of Private Debt or challenges in financing on imperfect capital markets. Thus, the work combines proven fundamentals with fresh impulses for research, studies, and corporate practice.
A work of this thematic breadth would not be conceivable without the support of numerous experts from the financial world.
-Wöhe, Bilstein, Ernst, Häcker, Gleißner
Exactly who contributed to the 12th edition will be announced in the next post on the official channels – but thanks already go to all involved and to the team at Franz Vahlen publishing house, namely Dr. Barbara Schlösser and Dennis Brunotte.
Why a Textbook in the Age of AI?
In an era where AI-powered tools and scientific papers set the tone, a classic textbook almost seems an anachronism. Yet, this is precisely where the authors make a statement:
It may sound nostalgic,
but we consider it an honor to continue such a standard work. Especially in university teaching, didactically well-prepared content is indispensable – textbooks offer a stable framework for profound learning and thinking.
Moreover, they also provide the necessary material for artificial intelligence: AI tools also need high-quality input – and that comes from people who intensively engage with their subject.
A Look Ahead to the 12th Edition – and the Future
With the new edition of “Fundamentals of Corporate Finance,” the author team demonstrates that textbooks are by no means relics of the past. Rather, they are the foundation and guide in an increasingly complex financial world.
The authors look forward to the upcoming publication date – and will continue to provide readers with insights and background information on the new edition.
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