This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental...

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental...

Intro -- Contents -- Preface -- Chapter 1. Finance, Accounting and Corporate Objectives -- Corporate Objectives -- Managerial Finance -- The Finance Managers -- Time, Risk, and the Risk-Return Trade-off -- Three Basic Generalizations -- Relevance of Cash Flows -- Cash Flows versus Earnings -- A...