The Financial Manager and the Firm


Ron Buskirk/Alamy

Learning Objectives

image Identify the key financial decisions facing the financial manager of any business firm.

image Identify the basic forms of business organization in the United States and their respective strengths and weaknesses.

image Describe the typical organization of the financial function in a large corporation.

image Explain why maximizing the current value of the firm's stock is the appropriate goal for management.

image Discuss how agency conflicts affect the goal of maximizing stockholder value.

image Explain why ethics is an appropriate topic in the study of corporate finance.

On October 7, 2009, Anheuser-Busch InBev managers announced that they had reached an agreement to sell their company's Busch Entertainment Corporation subsidiary to the Blackstone ...

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