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出版时间:2015年9月

出版社:对外经济贸易大学出版社

以下为《公司金融基础(英文版)》的配套数字资源,这些资源在您购买图书后将免费附送给您:
  • 对外经济贸易大学出版社
  • 9787566314352
  • 34404
  • 2015年9月
  • 未分类
  • 未分类
  • F276.6
内容简介

  孙冬编著的《公司金融基础》以价值及价值创造为核心,并以这一核心形成逻辑顺序,系统地阐述了公司金融学的理论和方法,包括与公司金融决策相关的基础财务知识、投资决策和方法、融资方式和融资决策、公司价值评估方法等基本内容。本书主要有以下特色:


  (1)内容集中、重点突出。本教材集中于公司金融学研究的主要领域和基本议题,如公司金融战略和价值估值、资本预算、融资方式、资本结构、股利政策以及公司金融学的基本研究方法,为学生提供了公司金融学研究的基本线路和框架图。


  (2)体系完善、注重衔接。本教材与其他金融学课程相辅相成,形成完整的金融学知识体系。资本预算部分与项目融资课程相互补充,融资方式与金融工具定价相互补充,资本结构与风险管理课程内容有一定相关,股利分配与投资银行学互为补充。这样有利于学生对金融学的学习形成一个全局观念,同时也避免了各门课程之间内容的重复。


  (3)语言简洁、表述平实。本教材介绍和总结了国际和国内公司金融学实证研究中得出的主要结论、发现的一些规律和现象,并且用简要、直观且学生比较容易理解的语言和方法阐述了用于理解这些规律和现象的最主要的理论模型和理论知识。

目录

CHAPTER 1 Introduction


  1.1 The Form of Business Organization


  1.2 The Goal of the Corporate Finance


  1.3 Financial Markets


  Questions and Problems


CHAPTER 2 Accounting Statements and Cash Flow


  2.1 The Balance Sheet


  2.2 The Income Statement


  2.3 Net Working Capital


  2.4 Financial Cash Flows


  2.5 The Statement of Cash Flows


  2.6 Financial Reporting in Practice


  Questions and Problems


CHAPTER 3 Net Present Value: First Principles of Finance


  3.1 Making Consumption Choices over Time


  3.2 The Basic Principle of Investment Decision Making


  3.3 Illustrating the Investment Decision


  Questions and Problems


CHAPTER 4 Net Present Value


 4.1 The One-period Case


 4.2 The Multi-period Case


 4.3 Compounding Periods


 4.4 Simplifications


 4.5 Enterprise Value


 Questions and Problems


CHAPTER 5 Some Alternative Investment Rules


 5.1 Why Use Net Present Value?


 5.2 The Payback Period Rule


 5.3 The Discounted Payback Period Rule


 5.4 The Internal Rate of Return


 5.5 The Profitability Index


 5.6 The Practice of Capital Budgeting


 Questions and Problems


CHAPTER 6 Net Present Value and Capital Budgeting


 6.1 Incremental Cash Flows


 6.2 The Baldwin Company: An Example


 6.3 Inflation and Capital Budgeting


 6.4 The Equivalent Annual Cost Method


 Questions and Problems


CHAPTER 7 Risk Analysis and Project Evaluation


  7.1 Decision Trees


  7.2 Real Options


  7.3 Sensitivity Analysis


  7.4 Scenario Analysis


  7.5 Monte Carlo Simulation


  7.6 Break-even Analysis


  Questions and Problems


CHAPTER 8 Capital Market Theory: An Overview


  8.1 Return Basics


  8.2 Return Statistics


  8.3 Risk


  8.4 Capital Market Theory


  Questions and Problems


CHAPTER 9 Corporate-financing Decisions and Efficient Capital Markets


  9.1 Can Financing Decisions Create Value?


  9.2 A Description of Efficient Capital Markets


  9.3 The Different Types of Efficiency


  9.4 The Evidence of Efficient Market Hypothesis


  9.5 Criticism and Behavior Finance


  9.6 Empirical Challenges to Market Efficiency


  9.7 Implications for Corporate Finance


  Questions and Problems


CHAPTER 10 Long-term Financing: An Introduction


  10.1 Common Stock


  10.2 The Basics of Corporate Long-term Debt


  10.3 Preferred Stock


  10.4 Patterns of Financing


  10.5 Recent Trends in Capital Structure


  Questions and Problems


 CHAPTER 11 Capital Structure: Basic Concepts


  11.1 The Capital-structure Question and the Pie Theory


  11.2 Finn Value versus Stockholder Interests


  11.3 Financial Leverage and Finn Value


  11.4 Modigliani and Miller: Proposition Ⅰ and Ⅱ (No Taxes)


  11.5 Modigliani and Miller: Proposition Ⅰ and Ⅱ (Taxes)


  Questions and Problems


CHAPTER 12 Capital Structure: Limits to the Use of Debt


  12.1 Costs of Financial Distress


  12.2 Can Costs of Debt Be Reduced?


  12.3 Optimal Capital Structure: The Trade-off Theory


  12.4 The Agency Benefits of Leverage


  12.5 Asymmetric Information and Capital Structure


  12.6 The Pecking-order Theory


  12.7 Growth and the Debt-equity Ratio


  12.8 The Miller Model with Personal Taxes


  12.9 How Finns Establish Capital Structure


  Questions and Problems


CHAPTER 13 Valuation and Capital Budgeting for the Levered Firm


  13.1 Adjusted-present-value Approach


  13.2 Flows-to-equity Approach


  13.3 Weighted-average-cost-of-capital Method


  13.4 A Comparison of the APV, FTE, and WACC Approaches


  13.5 Project-basedCosts of Capital


  13.6 Beta and Leverage


 Questions and Problems


CHAPTER 14 Dividend Policy


  14.1 Different Types of Dividends


  14.2 Standard Method of Cash Dividend Payment


  14.3 Dividend Policy and Value of Finn


  14.4 Repurchase of Stock


  14.5 Dividend Policy in Practice


  14.6 Non-cash Distributions


 Questions and Problems


Reference Resources