Xem mẫu
1 - 1
CHAPTER 1
Overview of Financial Management and the Financial Environment
Financial management
Forms of business organization Objective of the firm: Maximize wealth Determinants of stock pricing
The financial environment
Financial instruments, markets and institutions
Interest rates and yield curves
1 - 2
Why is corporate finance important to all managers?
Corporate managers
finance provides the skills need to:
Identify and select the corporate strategies and individual projects that add value to their firm.
Forecast the funding requirements of their company, and devise strategies for acquiring those funds.
1 - 3
What are some forms of business organization a company might have as it evolves from a start-up to a major corporation?
Sole proprietorship Partnership Corporation
1 - 4
Starting as a Sole Proprietorship
Advantages:
Ease of formation Subject to few regulations
No corporate income taxes Disadvantages:
Limited life Unlimited liability
Difficult to raise capital to support growth
1 - 5
Starting as or Growing into a Partnership
A partnership has roughly the same advantages and disadvantages as a sole proprietorship.
...
- tailieumienphi.vn