Mainstream corporate finance theory

Author: Shen Yifeng/Shen Hongtao
Publisher:
Publish Date: 2004-08-01
Features: This book takes the application of the two major branches of modern economics theory—information economics, namely the signaling theory and the principal-agent theory—in the field of corporate finance as its main thread. It uses the "modern" temporal concept as the various new theories, perspectives, and ideas that emerged after the third financial research in the late 1970s. Overall, it adopts a historiographical approach, specifically connecting the same theory or idea across different fields of financial research to clarify, integrate, and deepen the developmental context, causal relationships, chronological order, theoretical origins, mentorship relationships, and historical significance of these theories. It explains the different applications of the same theory in various financial fields, as well as the mutual influence and cross-validation among these applications, thereby revealing the origins, functions, evolution, and new directions of these theories (ideas or schools of thought). This book is primarily intended for Master's and doctoral students in finance and accounting, as well as researchers at universities and research institutions.