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Business Professor Publishes Second Edition of Finance Textbook

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Professor Sean Hennessey, who teaches at the UPEI School of Business Administration, has released the second edition of his popular textbook, Principles of Corporate Finance, which he co-authored with Dr. Lawrence Gitman, a professor of finance at San Diego University. The first edition, published by Pearson Education Canada, a division of Prentice Hall, is currently being used in undergraduate and graduate programs across Canada.

"UPEI is proud that Dr. Hennessey's textbook has been so successful that it necessitated a second edition. I am confident that the new edition will provide business students throughout Canada and the United States with a valuable resource in the area of corporate finance, given the combined expertise of Dr. Hennessey and Dr. Gitman," says UPEI President Wade MacLauchlan.

Principles of Corporate Finance presents concepts, techniques, and practices that students require to make corporate financial decisions in a competitive, global business environment. The new book incorporates a proven teaching/learning system that integrates pedagogy with concepts and practical applications. It has been updated to present current and emerging issues and techniques that affect the practice of financial management. Clear writing and generous use of examples make the textbook an easily accessible resource for students of all abilities.

"The desire to write this textbook came out of my experience teaching introductory corporate finance," says Dr. Hennessey. "Students want a book written in plain English that ties concepts to reality. They also want demonstrations of financial concepts, tools, and techniques, not just abstract descriptions. I wanted to provide students with a book that met these goals and which clearly presents the principles of Canadian corporate finance in an engaging, easy-to-read, and understandable style."

Principles of Corporate Finance is Professor Hennessey's second book. His first book, Principles of Managerial Finance, also co-authored with Dr. Gitman, was published in 2003.

"It's exciting to see the second edition being published. Both books have done remarkably well. It's a challenging market in which to get published by the major textbook publishing houses," notes Roberta MacDonald, Dean of Business. "Professor Hennessey's efforts and success are indicative of the high quality of our professors and the calibre of education offered here at the School of Business Administration."

Sean Hennessey teaches in the areas of Corporate Finance, Investment Management, Business Research, and Personal Finance. He has taught at UPEI since 1984.

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Anne McCallum
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