21st Century Business Administration Master [MBA] Standard Textbook Core Courses: MBA Corporate Financial Management

Author: Wu Yingyu et al. (Editor-in-Chief)
Publisher:
Publish Date: 2003-01-01
Features: Since the beginning of MBA cultivation in China, "Corporate Financial Management" has always been one of the courses that students find somewhat confusing. Currently, in domestic MBA teaching, most textbooks for this course are selected from foreign original versions. This is undoubtedly necessary for broadening students' perspectives and adapting to international practices. However, there are still few textbooks that combine modern financial management theory with China's specific context, modern financial management theory,. The newly published "Corporate Financial Management" by the two energetic professors, Wu Yingyu and Chen Lianghua, can be said to partially address these shortcomings. It is highly meaningful for attempting to build Chinese characteristics in MBA financial management curriculum and guiding the financial practices of Chinese enterprises.
The cultivation of Master of Business Administration (MBA) in China has been going on for over a decade. From the first batch of MBA admissions in 1991, with fewer than 100 students enrolled in several universities, to now having more than 60 higher education institutions offering MBA programs nationwide, this reflects the adaptation of China's higher education in management programs to the actual needs of talent in the market economy and the development of economic globalization. It also reflects the backdrop of significant transformations and transitional changes in China's economy, society, and education. Currently, in addition to the formal academic education MBA programs in universities, there are also business management education programs in society that focus primarily on skill training. The rapid rise of MBA education in China is, overall, a result of the sharp increase in demand for practical business talents due to the swift transition from a planned economy system to a market economy system. It is also a microcosm of China's continuous opening-up, the adoption of more international regulations in economic activities, and the gradual internationalization of management education.
Nevertheless, the current scale of MBA programs in China is still far from meeting the needs of China's economic development.