STOCK MARKETS AND CORPORATE FINANCE

Dempsey Michael

ISBN 10: 1786343266 / ISBN 13: 9781786343260

Edité par Wspc (Europe), 2017

N° de réf. du vendeur ABLIING23Mar2912160172744

Synopsis :

This book examines the nature of the stock market and its implications for corporate management. It provides an introduction to core issues in finance and differs from traditional textbooks in its recognition that ""finance is not physics"" — in the sense that how markets behave today is not necessarily how they will behave tomorrow. Nevertheless, a certain level of ""physics"" can be recognized as underpinning the development of stock market valuations and corporate financial decision-making.

In short, the objective of the text is to instill insight in regards to the functioning of markets and corporate behavior, as opposed to algebraic derivations from unrealistic assumptions. Rather than subscribe unthinkingly to an ""efficient market hypothesis"", at each stage of the development of the text's conceptual framework, we also recognize the reality of market ""sentiment"" and the fundamental uncertainty that managers face in their decisions.

Based around a teaching programme with worked questions and solutions, Stock Markets and Corporate Finance is the perfect accompaniment for MBA, undergraduate and graduate students looking for a critical textbook on the nature of the financial sector and corporate finance.

Présentation de l'éditeur:

This book examines the nature of the stock market and its implications for corporate management. It provides an introduction to core issues in finance and differs from traditional textbooks in its recognition that ""finance is not physics"" — in the sense that how markets behave today is not necessarily how they will behave tomorrow. Nevertheless, a certain level of ""physics"" can be recognized as underpinning the development of stock market valuations and corporate financial decision-making.

In short, the objective of the text is to instill insight in regards to the functioning of markets and corporate behavior, as opposed to algebraic derivations from unrealistic assumptions. Rather than subscribe unthinkingly to an ""efficient market hypothesis"", at each stage of the development of the text's conceptual framework, we also recognize the reality of market ""sentiment"" and the fundamental uncertainty that managers face in their decisions.

Based around a teaching programme with worked questions and solutions, Stock Markets and Corporate Finance is the perfect accompaniment for MBA, undergraduate and graduate students looking for a critical textbook on the nature of the financial sector and corporate finance.

Détails bibliographiques

Titre : STOCK MARKETS AND CORPORATE FINANCE
Éditeur : Wspc (Europe)
Date d'édition : 2017
Reliure : Couverture souple
Etat : New