Financial management

Author: Gu Qi
Publisher:
Publish Date: 2006-01-01
Features: Financial management, as one of the most dynamic disciplines, has achieved remarkable development over the past century. Following the financial revolution led by Modigliani-Miller and Markowitz-Sharpe, the option pricing theory and agency theory by Black-Scholes and Jensen-McKinlay have revitalized and challenged this field, demonstrating its limitless potential for growth. In recent years, these theories have moved beyond the ivory tower of academia and are increasingly applied in the practice of corporate financial management. To adapt to the development and teaching needs of financial management, we have revised and expanded the content of this book based on its third edition, particularly by adding topics on financial derivatives and risk management, as well as methods for calculating future and present values using Excel worksheets or financial functions. This book meets the teaching needs of financial management courses in accounting, financial management, finance, and related fields, serves as a reference for researchers and educators in related fields, and provides inspiration or practical benefits for professionals engaged in financial management. With corporate finance as its core and risk and return as its main thread, the book systematically introduces the fundamental theories and practical techniques of financial management, striving to break away from the traditional models and writing methods of financial management textbooks while combining practicality, innovation, and depth. Based on extensive references to domestic and international literature, the book presents research from a fresh perspective, analyzing and explaining modern financial management models in line with China's practical realities. It aims to provide readers with a framework or guidance for financial management, helping them analyze the successes and failures, as well as the lessons learned in financial practice, so that they can apply what they learn or draw inspiration from it.