Chapter 01.ppt

Chapter 01.ppt - 1-1 CHAPTER 1Introduction to Financial...

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Unformatted text preview: 1-1 CHAPTER 1Introduction to Financial ManagementForms of BusinessesGoals of the CorporationStock Prices and Intrinsic ValueSome Recent TrendsConflicts Between Managers and Shareholders 1-2Alternative Forms of Business OrganizationProprietorshipPartnershipCorporation 1-3Proprietorships & PartnershipsAdvantagesEase of formationSubject to few regulationsNo corporate income taxesDisadvantagesDifficult to raise capitalUnlimited liabilityLimited life 1-4CorporationAdvantagesUnlimited lifeEasy transfer of ownershipLimited liabilityEase of raising capitalDisadvantagesDouble taxationCost of set-up and report filing 1-5Financial Goals of the CorporationThe primary financial goal is shareholder wealth maximization, which translates to maximizing stock price....
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Chapter 01.ppt - 1-1 CHAPTER 1Introduction to Financial...

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