Financial Markets and Corporate Strategy (2nd Edition)

Author: Mark Grinblatt
Publisher:
Publication Date: 2002-03-01
Features: The Financial Markets and Company Strategy was completed by two professors with profound expertise in the theoretical research of corporate finance, extensive teaching experience, and practical experience in finance, over nearly a decade. It reflects the issues and new theoretical advancements in contemporary corporate finance in terms of content and structure, filling a gap in the field. Since its release, the book has received widespread acclaim. It reflects the most pressing issues in both the academic and practical communities of corporate finance today, namely connecting company strategy with the capital markets and bridging theoretical advancements with practical needs. In recent years, China has primarily relied on photocopied or translated editions of major corporate finance textbooks from U.S. business schools. However, these textbooks are largely identical in content and structure and are outdated, lagging behind the development of corporate finance theory. The Financial Markets and Company Strategy was completed by two professors with profound expertise in the theoretical research of corporate finance, extensive teaching experience, and practical experience in finance, over nearly a decade. It reflects the issues and new theoretical advancements in contemporary corporate finance in terms of content and structure, filling a gap in the field. Since its release, the book has received widespread acclaim. For example, the renowned corporate finance scholar Professor Weston praised the book for its leading position among corporate finance textbooks in the coming decades. The title of the book may seem unrelated to corporate finance, but it reflects the most pressing issues in both the academic and practical communities of corporate finance today, namely connecting company strategy with the capital markets and bridging theoretical advancements with practical needs. Unlike other corporate finance textbooks currently available on the market, this book features innovative content and structure. For instance, while the titles of the first to fourth parts are similar to those of other textbooks, their specific content reflects new advancements in corporate finance theory and practice. The fifth part (which introduces issues of incentives, information, and corporate control) and the sixth part (which covers risk management) are areas that are largely absent in other corporate finance management textbooks. This book is suitable for teaching corporate finance courses to MBA students and upper-level undergraduate finance majors. Its photocopied edition will help improve corporate finance education in China and enhance the understanding of corporate finance among domestic institutions and the financial industry.