公司財(cái)務(wù)

出版時(shí)間:2003-1  出版社:北京大學(xué)  作者:(美)埃倫哈特(Ehrhardt,M.c.),(美)布里格姆(Brigham,E.F.) 著  頁(yè)數(shù):654  

前言

  When we began planning this book, we had four goals in mind: (1) to create a book that would help people make better financial decisions, (2) to motivate students by demonstrating that finance is both interesting and relevant, (3) to make the book clear enough for students to go through the material without wasting time trying to figure out what we were trying to say, and (4) to provide a book that covers the core material necessary for an introductory MBA course without all the other interesting-but-not-essential material that is contained in most MBA texts. This last goal is the main factor that differentiates Corporate Finance: A Focused Approach from the thermal texts.  Finance theory and applications have dramatically expanded during the last decade, and so have finance textbooks, including some that we have written. As result, professors teaching the introductory MBA course must choose between breadth and depth. They can assign most of the chapters in one of the existing textbooks and teach finance as a survey course, going for breadth at the expense of depth. Alternatively, they can cover fewer chapters (and parts of chapters), explore them in depth, and ignore the remaining chapters. We learned from a review of course syllabi that the vast majority of professors, including us, choose the second alternative. Finance majors will probably cover much of the omitted material in later courses, but non-majors end up having to buy a larger, more expensive book than they need. Also, instructors must make difficult choices, including having to decide what parts of selected chapters are most important. Drawing upon our own classroom experience, we wrote Corporate Finance for those professors who want to cover the critical finance topics in depth, but who do not want to require their students to purchase chapters that will not be covered.

內(nèi)容概要

Ehrhardt和Brigham擁有編寫教科書(shū)的豐富經(jīng)驗(yàn)。本書(shū)重點(diǎn)闡述了每個(gè)21世紀(jì)的MBA都需掌握的財(cái)務(wù)學(xué)基本概念、技能和技術(shù)應(yīng)用,而且內(nèi)容精練:(1)提供公司財(cái)務(wù)所有重要概念的深入分析;(2)一學(xué)期課程能夠修完所有章節(jié)。
本書(shū)適用于大學(xué)高年級(jí)財(cái)經(jīng)類專業(yè)課程和MBA相關(guān)課程。

作者簡(jiǎn)介

Eugene F.Brigham從1971年開(kāi)始在University of Florida授課,是University of Florida的名譽(yù)研究教授。他是University of California-Berkeley的工商管理碩士和博士。他的本科學(xué)士學(xué)位是在University of North Carolina獲得的。他曾在the University of Connecticut,th

書(shū)籍目錄

序言  第一部分  構(gòu)建公司財(cái)務(wù)的基礎(chǔ)    1.公司財(cái)務(wù)和金融環(huán)境總覽    2.貨幣的時(shí)間價(jià)值    3.風(fēng)險(xiǎn)和收益  第二部分  證券和項(xiàng)目定價(jià)    4.債券和其定價(jià)    5.股票和其定價(jià)    6.資本成本    7.資本預(yù)算基礎(chǔ):現(xiàn)金流定價(jià)    8.現(xiàn)金流估價(jià)和風(fēng)險(xiǎn)分析  第三部分  公司定價(jià)    9.財(cái)務(wù)報(bào)表、現(xiàn)金流和稅收    10.財(cái)務(wù)報(bào)表分析    11.財(cái)務(wù)計(jì)劃和財(cái)務(wù)報(bào)表預(yù)測(cè)    12.公司定價(jià)、以定價(jià)為基礎(chǔ)的管理和公司治理  第四部分  公司融資    13.資本結(jié)構(gòu)決策    14.股東分配:紅利和再回購(gòu)  第五部分  特別主題    15.跨國(guó)公司財(cái)務(wù)管理    16.營(yíng)運(yùn)資金管理    17.期權(quán)定價(jià)模型應(yīng)用到實(shí)務(wù)期權(quán)    附錄    詞匯表    姓名索引    主題索引

章節(jié)摘錄

  Using Float  Float is defined as the difference between the balance shown in a firms (or individuals)checkbook and the balance on the banks records. Suppose a firm writes, on average, checks in the amount of $5,000 each day, and it takes six days for these checks to clear and be deducted from the firms bank account. This will cause the firms own check-book to show a balance $30,000 smaller than the balance on the banks records; this difference is called disbursement float. Now suppose the firm also receives checks in the amount of $5,000 daily, but it loses four days while they are being deposited and cleared. This will result in $20,000 of collections float. In total, the firms net float--the difference between the $30,000 positive disbursement float and the $20,000 negative collections float--will be $10,000.  Delays that cause float arise because it takes time for checks (1) to travel through the mail (mail float), (2) to be processed by the receiving firm (processing float), and(3) to clear through the banking system (clearing, or availability, float). Basically, the size of a firms net float is a function of its ability to speed up collections on checks it receives and to slow down collections on checks it writes. Efficient firms go to great lengths to speed up the processing of incoming checks, thus putting the funds to work faster, and they try to stretch their own payments out as long as possible, sometimes by disbursing checks from banks in remote locations.  ……

編輯推薦

  獨(dú)特性:惟一一本教材:(1)強(qiáng)調(diào)現(xiàn)金流方法對(duì)公司定價(jià)的影響;(2)強(qiáng)調(diào)財(cái)務(wù)活動(dòng)對(duì)公司價(jià)值的影響;(3)將公司治理結(jié)構(gòu)等相關(guān)問(wèn)題綜合在一起分析。網(wǎng)絡(luò)資源:每章的文獻(xiàn)提供網(wǎng)絡(luò)資源,可以獲取有用的金融數(shù)據(jù),其中包括股票價(jià)格、財(cái)務(wù)報(bào)表、財(cái)務(wù)比率(公司和行業(yè))以及各種利率。網(wǎng)絡(luò)資料:《當(dāng)代全美MBA經(jīng)典教材書(shū)系:公司財(cái)務(wù)(一種關(guān)注方法(第1版)金融學(xué)精選教材)(英文影印版)》網(wǎng)站提供的指導(dǎo)性鏈接,可以找到有用的網(wǎng)上資料。應(yīng)用:工具箱Excel表格演示章節(jié)中概念的金融應(yīng)用。大量屏幕點(diǎn)擊提供小型指導(dǎo),告訴學(xué)生Excel的功能和特點(diǎn)。  小案例:這些案例包括很多電子數(shù)據(jù)表,這些電子數(shù)據(jù)表演示案例中PowerPoint的計(jì)算結(jié)果,這就使得教師可以在課堂上把PowerPoint和Excel緊密聯(lián)系起來(lái)?! 》?hào):收益率符號(hào)r和大多數(shù)投資學(xué)教材一致。

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  •   還沒(méi)讀完,但感覺(jué)很容易讀懂
  •   好書(shū)……GOOD
  •   可以學(xué)習(xí)不少外文。。。。
  •   Ofcourse,it'snotaclassicversion.Butactually,it'sgoodforfreshpeopleinfinanceconcerningtheframeworkandemphasisoncashflow.Frankly,Iborroweditfrommyschool'slibraryfirsandfounditdeservesmoreattentionandabout70rmblater.Anothersellingpointofthisbookisitscomprehensiveinternetsupport.YoucandownloadExcelmodelsandoutlineofeachchapterfromtheauthor'swebsite.However,ifyou'relookingformoreapplicableguidance,it'snotthefirstchoiceforyou.
 

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