Company Financial Principles 7th Edition

Author: Brealey
Publisher:
Publish Date: 2005-04-01
Features: Through this book, we see that the operations of modern enterprises and the functioning of financial markets are now closely linked. Investment project value should first be examined from a market perspective, and project cash flows must consider market competitive equilibrium. Corporate investments need to refer to market return conditions to maximize capital efficiency. Corporate financing methods reflect internal information, and market mechanisms can regulate corporate management. Corporate performance evaluation and executive incentives depend on the healthy development of the market. In short, corporate financial management is no longer an isolated internal matter for companies. Establishing modern corporate systems is not just about designing and adjusting internal structures but is a comprehensive market restructuring project. Through this book, readers are expected to gain a deeper understanding of economic hot topics such as the relationship between price-to-earnings ratios and stock prices, the value of state-owned shares versus ordinary tradable shares, the effectiveness of independent director systems for listed companies, the design and application value of equity incentive plans, the significance of delisting systems for listed companies, and market mergers and reorganizations. It will also provide more in-depth reflections on the current state of China's financial theory and practice. This book features rigorous theoretical explanations, a concise and clear structure, and engaging, lively language. It can serve as a textbook for finance students and is also a valuable reference for financial professionals and corporate finance managers in their daily operations. It is truly an indispensable, captivating, and 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 book features rigorous theoretical explanations, a concise and clear structure, and engaging, lively language. It can serve as a textbook for university students in finance, accounting, and finance-related fields, as well as a reference for financial professionals and corporate finance managers in their daily operations. It is truly an indispensable, captivating, and authoritative work.