公司理财斯蒂芬a罗斯第九版精要

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1、IntroductiontoCorporateFinanceChapter1Copyright©2010bytheMcGraw-HillCompanies,Inc.Allrightsreserved.McGraw-Hill/IrwinKeyConceptsandSkillsKnowthebasictypesoffinancialmanagementdecisionsandtheroleoftheFinancialManagerKnowthefinancialimplicationsofthevariousformsofbu

2、sinessorganizationKnowthegoaloffinancialmanagementUnderstandtheconflictsofinterestthatcanarisebetweenownersandmanagersUnderstandthevariousregulationsthatfirmsfaceChapterOutline1.1WhatisCorporateFinance?1.2TheCorporateFirm1.3TheImportanceofCashFlows1.4TheGoalofFina

3、ncialManagement1.5TheAgencyProblemandControloftheCorporation1.6Regulation1.1WhatIsCorporateFinance?CorporateFinanceaddressesthefollowingthreequestions:Whatlong-terminvestmentsshouldthefirmchoose?Howshouldthefirmraisefundsfortheselectedinvestments?Howshouldshort-te

4、rmassetsbemanagedandfinanced?BalanceSheetModeloftheFirmCurrentAssetsFixedAssets1Tangible2IntangibleTotalValueofAssets:Shareholders’EquityCurrentLiabilitiesLong-TermDebtTotalFirmValuetoInvestors:TheCapitalBudgetingDecisionCurrentAssetsFixedAssets1Tangible2Intangibl

5、eShareholders’EquityCurrentLiabilitiesLong-TermDebtWhatlong-terminvestmentsshouldthefirmchoose?TheCapitalStructureDecisionHowshouldthefirmraisefundsfortheselectedinvestments?CurrentAssetsFixedAssets1Tangible2IntangibleShareholders’EquityCurrentLiabilitiesLong-Term

6、DebtShort-TermAssetManagementHowshouldshort-termassetsbemanagedandfinanced?NetWorkingCapitalShareholders’EquityCurrentLiabilitiesLong-TermDebtCurrentAssetsFixedAssets1Tangible2IntangibleTheFinancialManagerTheFinancialManager’sprimarygoalistoincreasethevalueofthefi

7、rmby:SelectingvaluecreatingprojectsMakingsmartfinancingdecisionsHypotheticalOrganizationChartChairmanoftheBoardandChiefExecutiveOfficer(CEO)PresidentandChiefOperatingOfficer(COO)VicePresidentandChiefFinancialOfficer(CFO)TreasurerControllerCashManagerCapitalExpe

8、ndituresCreditManagerFinancialPlanningTaxManagerFinancialAccountingCostAccountingDataProcessingBoardofDirectors1.2TheCorporateFirmThecorporateformofbusi