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l01.fall10 - Lecture 1 page 2 WELCOME TO FIN 301 What will...

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Lecture 1 page 2 W ELCOME TO FIN 301 What will we do today? 1. My background 2. Course Goals 3. Requirements of FIN301 4. Reading materials 5. Introduction to Finance - Richard T. Bliss, Babson University and Terry D. Nixon, Miami University
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Lecture 1 page 3 Introduction to Finance Traditional Areas of Finance Financial Management 1. What investments should the firm make? 2. What types of financing should be used to pay for the investments? 3. How should the day-to-day activities of the firm be managed to satisfy cash needs? Investments portfolio selection - Financial markets financial intermediaries - Are these three independent? - Richard T. Bliss, Babson University and Terry D. Nixon, Miami University
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Lecture 1 page 4 Guiding Principles of Finance 1. Maximization of Shareholder Wealth 2. Time Value of Money 3. Expected Return vs. Risk Tradeoff 4. Leverage 5. Diversification 1. Maximization of Shareholder Wealth the creation of as much wealth for shareholders as possible with the available resources But what about social responsibility?
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