Stock Markets And Corporate Finance【電子書籍】[ Michael Joseph Dempsey ]

＜p＞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' ー 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 quest．．．楽天市場のショップで商品詳細の続きを見る