Company Financial Management (Part 1, Part 2)

Author: Douglas R. Emery / Country: United States
Publisher:
Publish Date: 1999-11-01
Features: This book is an excellent material suitable for graduate students in business schools and MBA programs. It is divided into seven parts and 29 chapters. Part I clearly and concisely analyzes the objectives of corporate finance and some basic concepts and principles. Part II introduces the principles and methods for evaluating asset values; it thoroughly discusses the time value of money and how to apply this principle to calculate the value of stocks and bonds. It introduces the concepts of investment risk and return, as well as relevant calculation models, in a progressive manner. It also introduces more theoretical topics such as options and agency costs. Part III focuses on the calculation and determination of capital costs and investment decisions. Part IV elaborates on corporate capital structure and dividend policies; it introduces the Efficient Market Hypothesis and analyzes the importance of capital structure for companies, as well as how to manage it. It also explains the significance of corporate dividend distribution policies and how to implement them correctly. Part V analyzes corporate asset management issues, including cash and liquidity management, accounts receivable management, inventory management, pension fund management, etc. It also discusses how to properly formulate corporate financial plans. Part VI is dedicated to long-term financing issues of companies, with chapters covering stock issuance, long-term debt, leasing, and derivative financial instruments in sequence. Part VII focuses on specialized issues in corporate financing, including corporate bankruptcy, reorganization, and liquidation; corporate mergers and acquisitions; and financial management of multinational corporations. This book is co-authored by Professor Douglas R. Emery and Professor John D. Finnerty, both renowned scholars in the field of finance in the United States. Professor Emery has long been engaged in the research and teaching of financial theory, with a solid theoretical foundation. Professor Finnerty has 20 years of experience in financial practice, accumulating extensive practical expertise. The collaboration of the two professors gives this book its outstanding and attractive features: (1) Close integration of theory and practice. (2) Emphasis on fundamental principles. The structure of the book is arranged around helping readers clearly and accurately grasp fundamental principles, making it easy to read, understand, and remember. (3) Up-to-date content. The book incorporates the latest achievements in international financial theory and practice from the mid-1990s, allowing readers in China to directly feel the pulse of the financial industry in developed countries.