Company Financial Principles (7th Edition) (7th Edition)

Author: Brealey
Publisher:
Publish Date: 2004-04-01
Features: Through this book, we see that the operations of modern enterprises and the functioning of financial markets are closely intertwined. The value of an investment project should first be examined from a market perspective, and the cash flows of the project must consider market competition equilibrium. Corporate investments need to refer to market return conditions to maximize the efficiency of capital utilization. Corporate financing methods reflect internal information, and the market mechanism can regulate corporate management and operations. Corporate performance evaluation and executive incentives are inseparable from the healthy development of the market. In short, corporate financial management is no longer just an internal matter for the company; establishing a modern corporate system is not just about the design and adjustment of internal structures, but a comprehensive market restructuring project. Through the study of this book, readers are expected to gain a deeper understanding of a series of economic hot issues, such as the relationship between price-to-earnings ratio, stock prices, and market bubbles, the value of state-owned shares versus the market value of ordinary tradable shares, and the choice of state-owned share reduction methods, the effectiveness of the independent director system for listed companies, the arrangement, design, and application value of equity incentive plans, the delisting system for listed companies, and the significance of market mergers and reorganizations. This book also provides an in-depth reflection on the current state of China's financial theory and practice. The theoretical exposition is rigorous, the structure is concise and clear, and the language is humorous and vivid. It can serve as a textbook for students majoring in finance, as well as a reference for financial professionals and corporate financial managers in their daily operations. It is truly an invaluable and engaging authoritative work.
This book aims to introduce the theory and practice of corporate finance. It consists of 35 chapters divided into 11 parts, covering main topics such as value, risk, practical issues in capital budgeting, financing decisions and market efficiency, dividend policy and capital structure, options, debt financing, risk management, financial planning and short-term financial management, mergers, corporate control, and governance. The theoretical exposition is rigorous, the structure is concise and clear, and the language is humorous and vivid. It can serve as a textbook for students majoring in finance, accounting, and finance at universities, as well as a reference for financial professionals and corporate financial managers in their daily operations. It is truly an invaluable and engaging authoritative work.