Company Financial Principles - (Bilingual Teaching) (English Version. Original 8th Edition)

Author: Brealey
Publisher:
Publish Date: 2007-01-01
Features: Through the study of this book, we see that the operations of modern enterprises and the functioning of financial markets are now closely intertwined. The value of an investment project should first be examined from a market perspective, and the cash flows of the project must consider market competition equilibrium. Corporate investments need to refer to market yield conditions to maximize the efficiency of capital utilization. Corporate financing methods reflect internal information, and market mechanisms can regulate corporate management. Corporate performance evaluation and executive incentives are inseparable from the healthy development of the market. In short, corporate financial management is no longer an isolated internal matter for the company; establishing a modern corporate system is not merely the design and adjustment of internal structures, but rather a comprehensive market restructuring project. Through the study of this book, readers are expected to gain a deeper understanding of a series of economic hot issues, including the relationship between price-to-earnings ratios, stock prices, and market bubbles, the value of state-owned shares versus the market value of ordinary tradable shares, and the choice of state-owned share reduction methods, the effectiveness of independent director systems for listed companies, the design and application value of equity incentive plans, the significance of delisting systems for listed companies, and market mergers and reorganizations. Additionally, readers will have a more profound insight into the current state of financial theory and practice in China. The book presents rigorous theoretical explanations, a concise and clear structure, and a witty and vivid language. It can serve as a textbook for finance students, as well as a reference for financial professionals and corporate financial managers in practical operations. It is truly an indispensable and engaging authoritative work.