Financial Management

Author: Wei Mingliang
Publisher:
Publish Date: 2006-08-01
Features: This book takes the maximization of corporate value as the financial management goal, with the management of a series of financial activities such as corporate capital raising, investment, utilization, recovery, and distribution as the main thread, and focuses on financial decision-making.
Chapter 1: General Theory, mainly including the concept of financial management, financial management objectives, and the corporate finance environment;
Chapter 2: The Time Value of Money and the Value of Investment Risk, which are two essential value concepts that modern corporate finance must establish;
Chapters 3 and 4 are on financing activity management, i.e., corporate capital raising, capital cost, and capital structure;
Chapters 5, 6, and 7 are on investment activity management, i.e., project investment, securities investment management, and the investment and management of working capital;
Chapter 8 is on distribution activity management, i.e., profit distribution decisions;
Chapter 9 is on financial analysis;
Chapter 10 is on corporate mergers and acquisitions.
The content of each section is closely linked. In organizing corporate financial activities, it is essential to establish the concept of the time value of money and the value of investment risk; financial analysis is the analysis and evaluation of the process and results of corporate financial activities based on accounting data and specialized methods; corporate mergers and acquisitions are one form of capital operations for enterprises in the market economy; the organization of corporate financial activities and mergers and acquisitions ultimately aim to achieve the financial management goal of maximizing corporate value or maximizing shareholder wealth.
This book consists of 18 chapters. The first 12 chapters mainly discuss the basic concepts and theories of financial management, capital investment decisions, long-term financing decisions and capital structure decisions, short-term financing and working capital management decisions; the last 6 chapters introduce various special conditions of corporate financial management in the form of special topics.