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1、,Why Finance Matters,Principles of Corporate FinanceRichard A. Brealey Stewart C. Myers,Chapter 1,McGraw Hill/Irwin,Topics Covered,Introduction What Is A Corporation? The Role of The Financial Manager Who Is The Financial Manager? Separation of Ownership and Management Financial Markets,Corporate St
2、ructure,Sole Proprietorships,Corporations,Partnerships,Role of The Financial Manager,Financial,manager,Firms,operations,Financial,markets,Who is The Financial Manager?,Chief Financial Officer,Ownership vs. Management,Whos the owner of the company Conflicts The shareholders want to see higher profits
3、 as more dividends can be yield from it whilst the managers are more interested in higher revenue because it means more expenses can be made that are beneficial to them. Managers may wish to hold more cash and receive more perks like having a personal jet that would be the expenses of the company and this may reduce the profit. managers and shareholders have different attitude towards risk Conflict between both can also arise when there is takeover bid to the company,