Principles of Corporate Finance
2016-06-20 10:43:43 0 举报AI智能生成
《Principles of Corporate Finance》是一本经典的金融学教材，由Richard A. Brealey, Stewart C. Myers和Franklin Allen合著。本书系统地介绍了企业金融的理论和实践，涵盖了资本预算、投资决策、融资决策、分红政策、公司估值等重要主题。书中运用了丰富的案例研究和数学模型，帮助读者深入理解企业金融的核心概念和方法。此外，本书还强调了风险管理和道德伦理在企业金融中的重要性。无论是商学院学生、金融从业者还是对企业运营感兴趣的人士，都可以从《Principles of Corporate Finance》中获得宝贵的知识和启发。
作者其他创作
大纲/内容
1.Value
1.1 Introduction to corporate finance
1.1.0
Corporate finance is all about maximizing value
The opportunity cost of capital sets the standard for investment decisions
A safe dollar is worth more than a risky dollar
Smart investment decisions create more value than smart financing decisions
Good governance matters
1.1.1 Corporate investment and financing decisions
Investment decision=purchase of real assets
Financing decision=sale of financing assets
capital budgeting（investment decisions）
A corporation is a legal entity,owned by its shareholders who have limited liability
separation of ownership and control gives corporations permanence
Partnerships have a tax advantage（Corporations have to pay income taxes）
1.1.2 The financial goal of the corporation
Shareholders want managers to maximize makert value
Agency problem
1.1.3 Preview of coming attractions
Cash flows are calculated after corporate taxes are paid
1.2 How to calculate present value（PV）
1.2.1 Future values and present values
Time value：a dollar today is worth more than a dollar tomorrow
Present value=PV=Ct/(1+r)^t，Ct is cash flow and r is discount rate
Net present value=NPV=PV-investment=C0+C1/(1+r)
Risk and present value
2.Risk
3.Best practices in capital budgeting
4.Financing decisions and market efficiency
5.Payout policy and capital structure
6.Options
7.Debt financing
8.Risk management
9.Financing planning and working capital management
10.Mergers,corporate control,and governance
11.Conclusion
0 条评论
下一页
