August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third Edition
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1
Nature and Goal of Financial Decisions
OBJECTIVES
To explain the nature of corporate financial decisions
To explain factors—both microeconomic and macroeconomic—influencing financial decisions
To analyse the concept of profit maximisation as the goal of financial decisions
To explain and appraise the concept of maximisation of corporate wealth as a more appropriate goal of financial decisions
Finance lies at the root of economic activity. In the corporate form of organisation, financial decisions play a significant role in the management of operations. It is, therefore, significant to know what financial decisions really mean, what factors influence such decisions and what ultimate objective they have. These issues are explained here at ...
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