Frontier Series in Finance - Finance (Second Edition)

Author: Stanley G. Eakins
Publisher:
Publish Date: 2005-07-01
Features: This book is a financial textbook written by Professor Stanley G. Eakins, Chair of the Department of Finance at East Carolina University, and translated by Professor Cao Yan Gui from the School of Finance at Southwestern University of Finance and Economics. It covers three main parts: Financial Markets and Institutions, which studies financial systems; Investments, which focuses on financing activities; and Corporate Finance, which examines corporate capital management. This textbook is suitable for both teaching use in financial programs at universities and colleges of finance and economics, as well as for self-study as an introductory text. The author defines finance as the study of money management. This is a concise and accurate definition. Since money is the medium of finance, all value movements are either expressed directly in monetary form. Finance is not merely a description of financial phenomena but also aims to provide knowledge for managing money. Macroeconomics studies the management of money supply and demand to create a stable monetary environment for economic development, while microeconomics addresses how businesses obtain the necessary funds for operations and how to maximize the value of their business expressed in monetary terms. As a textbook for introductory finance courses suitable for undergraduate students in finance majors, this book is also suitable for students from non-financial disciplines to gain a comprehensive understanding of the knowledge system of finance. Many of the book's features or advantages are introduced in detail by the author in the preface.