Corporate Finance

Author: Jiang Ping
Publisher:
Publish Date: 2007-01-01
Features: Finance is one of the seven major branches of modern enterprise management, with the other six being accounting, marketing, strategic management, behavioral science, production management, and international business management. Since its development in the early 20th century, finance has undergone rapid growth in recent years due to changes in the modern economic environment and advancements in information technology. As a foundational course in finance, corporate finance (also known as corporate financial management) has also developed rapidly. Corporate finance primarily studies the operation of funds, focusing on the "money" aspect—where does the money come from (financing)? Where is it invested (investment)? How is the money earned by the enterprise allocated? Simply put, corporate finance is about determining the value of the enterprise, i.e., how much the enterprise is worth. Therefore, for the convenience of discussion, the company defined in this book is primarily a joint-stock enterprise, but this does not affect the financial activities of other types of enterprises. With the in-depth research conducted by domestic and international scholars in the field of finance in recent years, coupled with the increasing number of innovative tools in financial markets, the means of corporate finance have become more diverse, the content more rich, and the scope broader. Its theories and methods have increasingly become one of the important tools for modern enterprises to raise capital, invest, accelerate the turnover of funds, and enhance enterprise value, serving as a crucial basis for corporate decision-making.