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About Lecture 1 PDF
The document provides an overview of financial management. It defines finance and its major areas, including financial services and financial management. It describes the managerial finance function and its relationship to economics and accounting. The primary activities of the financial manager are to make investment and financing decisions and maximize shareholder wealth, rather than just profits. The goal of the firm is also to maximize shareholder wealth by considering cash flows, timing, and risk, not just profits. Agency theory suggests providing incentive compensation can help reduce conflicts between managers and shareholders.
Detailed Information
| Author: | ['sying'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 46 |
| Language: | English |
| Format: | |
| Price: | FREE |
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