Financial Management Basics

Author: Brigham
Publisher:
Publish Date: 2004-11-01
Features: This book consistently maintains the characteristic of being up-to-date in theory and safety examples. Eugene Brigham and Joel Hughes participate in various colorful teaching activities and are familiar with the needs of different types of students. This enables students not only to understand and master basic financial principles and methods by reading this book but also to develop a liking for and appreciation of financial theory. With the changing of seasons, this "Fundamentals of Financial Management" has become the favorite of countless undergraduate, graduate, and MSA students before and after exams. As the seasons change, many teachers have found this treasure, using "Fundamentals of Financial Management" as their classroom textbook and achieving remarkable results. Undoubtedly, if the group of people who enjoy this "Fundamentals of Financial Management" is considered, this group is experiencing explosive growth. Open this book and step into the of financial management! This book begins with a discussion of financial goals. In this section, we explain how company managers and investors use financial statements and how better decision-making can help achieve their financial goals. We discuss how incentive compensation and the danger of corporate mergers and acquisitions can motivate managers to improve operational performance, and how performance improvements can benefit shareholders and society as a whole. In earlier chapters, we describe the environment of financial management, financial forecasting, the basic principles of risk and return trade-offs, and the time value of money. Building on these fundamental concepts, we explore the determination of stock and bond prices. Based on the above content, the subsequent chapters introduce relevant financial tools and techniques that can help companies improve decision-making and achieve value maximization. These include capital budgeting techniques, methods for determining capital structure, and working capital management, among others. The last four chapters of this book explore topics such as derivative instruments and risk management, international financial management, hybrid financing, and mergers and acquisitions.