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1、CHAP1:Introductionto薯CorporateFinance熹KeyConceptsandSkills目KnowthebasictypesoffinancialmanagementdecisionsandtheroleoftheFinancialManager目Knowthefinancialimplicationsofthevariousformsofbusinessorelalrlization目KnowthegoaloffinancialmanagementUnderstandtheconflictsofinterestthatcanarisebetweenownersan
2、dmanagerS“。咏命国国国国园明0ChapterOutline1.1WhatisCorporateFinance21.2TheCorporateFirm1.3TheGoalofFinancialManagement1.4TheAgencyprobiemandControloftheCorporation1.1WhatisCorporateFinance2CorporateFinanceaddressesthefollowingthreequestions:Whatlong-terminvestmentsshouldthefirmchoose2Howshauldthefirmraisefu
3、ndsfartheselectedinvestments2Howshouldshort-termassetsbemanagedandfinanced2“。吴园明明BalanceSheetModeloftheFirmTotalValueofAssets:TotalFirmValuetoInyestors:“。真命命吴国吴明明0TheCapitalBudgetingDecisionWhatlong-terminyvestmentsshouldthefirmChoose2CurrentLiabilities“。真命命命命命明明0TheCapitalStructureDecision口广Howshou
4、ldthe白rmraisefunds尼fortheselected.Investmente“。真固命命国吴明明0Short-TermAssetManagementHowshouldShort-term35Setsbemanagedandfinanced?So,fromthebalancesheetmodelofthefirm,itiseasytoseewhyfinancecanbethoughtofasthestudyofthefollowingthreequestions:1)Capitalbudgeting2)Capitalstructure3)NetworkingcapitalmanagementCapitalStructureThevalueofthefirmcanbethoughtofasapie.Thegoalofthemanageristoincreasethesizeofthepie.TheCapitalStructuredecisioncanbeviewedashowbesttoslicethepie.Ifhowyouslicethepieaffectsthesizeofthepie,thenthecapitalstructuredecisionmatters.
