Chapter 8: Net present value and
other investment criteria
The process of capital budgeting could thus be given a more descriptive (not to
mention) impressive) name: strategic asset allocation. The essence of successful
financial management is learning wh
Chapter 11: Some Lessons from
Recent Capital Market History
The required return depends on the risk of the investment. The greater the risk,
the greater is the required return. One of the responsibilities of the financial
management is to assess the value
Why would we expect managers of a corporation to pursue the objectives of
shareholders? What about bondholders?
First of all, what are shareholders and bondholders?
A shareholder is a person, institution or a company that owns a share or more shares of a
Chapter 1: Introduction to accounting
Without working out the costs and the likely benefits decisions will be ill informed and your
business will not survive.
In developed countries, a figure in excess of 90% of businesses being classified as small would