Lecture 1 - Introduction to Corporate Finance Lecture Note...

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Introduction to Corporate Finance Lecture Note 1 Prof. H. Wang © copyright 2008
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Copyright © 2008 Hefei Wang. All rights reserved. Topics discussed in this course Describe the corporate finance (managerial finance) function and its relationship to economics and accounting. Identify the primary activities of the financial manager. Explain the goal of the firm, corporate governance, and the agency issue. Understand financial institutions and markets, and the role they play in managerial finance.
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Copyright © 2008 Hefei Wang. All rights reserved. Why Study Finance? Finance is Personal financial decisions: about decison making. _ When to start saving and how much to save? _ Car loan or lease? _ Whether a particular stock is a a good investment. _ How to evaluate the terms for a home mortage.
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Copyright © 2008 Hefei Wang. All rights reserved. What is Corporate Finance? Corporate finance is about Coporate decision making. Capital badgeting decisions- Investment decision. Launch a new produce Produce or outsource Purchasing an advertising spot Expansion; Merger/ Acquision decisions Capital structure decisions- Financing decisions. Issue new stock or borrow money instead? How can you raise money for your start-up ±rm? Optimal debt/ Equity ratio?
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Copyright © 2008 Hefei Wang. All rights reserved. The Four Types of Firms Sole Proprietorships Partnerships Limited Liability Companies Corporations –Tax Imp l ica t ion s fo r Co rpo ra te En t i t ie s
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Copyright © 2008 Hefei Wang. All rights reserved.
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Lecture 1 - Introduction to Corporate Finance Lecture Note...

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