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.
Series: Handbook of the Economics of Finance
Number Of Pages: 654
Published: 4th November 2003
Publisher: Elsevier Science & Technology
Country of Publication: US
Dimensions (cm): 24.05 x 17.45
Weight (kg): 1.31