Handbook of the Economics of Finance

Corporate Finance

Business & Finance, Finance & Investing, Corporate Finance, Finance
Cover of the book Handbook of the Economics of Finance by , Elsevier Science
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Author: ISBN: 9780080495071
Publisher: Elsevier Science Publication: November 4, 2003
Imprint: North Holland Language: English
Author:
ISBN: 9780080495071
Publisher: Elsevier Science
Publication: November 4, 2003
Imprint: North Holland
Language: English

Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.

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Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.

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