Financial Management

Author: Qin Zhimin / Country: Mainland China
Publisher:
Publishing Date: 2006-07-01
Features: The book "Financial Management" takes the modern capital market and commodity market as the financial environment, the company as the financial entity, the maximization of corporate value as the financial goal, and the balance of cost and benefit as the main line of discussion and analysis. It systematically introduces the basic theories and techniques of modern financial management. The book is divided into five parts and sixteen chapters.
Part 1: Basics
This section elaborates on the fundamental connotation of corporate financial management, its objectives, and the environment in which financial management operates. It introduces the basic value concepts of financial management—such as the concept of the time value of money and the balance between risk and return. It also discusses the content of financial markets, financial assets, and their value composition.
Part 2: Financing
This section introduces major financing methods and their characteristics, including long-term debt financing, equity financing, leasing financing, convertible bond financing, stock option financing, and short-term financing. It elaborates on the theory and calculation models of capital costs, the basic theories of capital structure, the three leverage principles, and their applications.
Part 3: Investment
This section introduces the basic principles of project investment, risk analysis and evaluation methods for investment projects, the fundamental meaning of securities investment, its elements, value determination concepts, and methods. It examines investment management theories and methods related to cash, short-term valuable securities, accounts receivable, and inventory management.
Part 4: Distribution
This section elaborates on dividend policy and its development, discusses the relationship between dividend policy and issues such as financing and investment, analyzes the various influencing factors and implementation strategies in the process of dividend policy implementation, and explores the dividend distribution procedures and various dividend payment plans, as well as their impact on corporate finance.
Part 5: Special Topics
This section discusses corporate mergers and reorganizations, the background and characteristics of financial derivatives, the basic concepts and operational principles of various types of financial derivatives, and issues related to the financial management of multinational corporations.