Handbook of the Economics of Finance
Download or Read eBook Handbook of the Economics of Finance PDF written by George M. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 654 pages. Available in PDF, EPUB and Kindle.
| Author | : George M. Constantinides |
| Publisher | : Elsevier |
| Total Pages | : 654 |
| Release | : 2003-11-04 |
| ISBN-10 | : 9780080495071 |
| ISBN-13 | : 0080495079 |
| Rating | : 4/5 (71 Downloads) |
Book Synopsis Handbook of the Economics of Finance by : George M. Constantinides
Book excerpt: Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.
