We analyze a unique dataset from a survey of CFOs of diversified firms to examine four areas of diversification and internal capital markets: causes and financing effects of corporate diversification, capital budgeting processes, capital investment methods, and reallocation policies in internal...

The recent financial crisis has made it clear: a basic understanding of finance and investment is an essential tool for all students of economics and business administration. This textbook covers the key topics in business finance, explaining the most important financing instruments as well as...