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The Fundamental Principles of Finance (Paperback)
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The Fundamental Principles of Finance (Paperback)
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Finance is the study of value and how it is determined.
Individuals, small businesses and corporations regularly make use
of value determinations for making strategic decisions that affect
the future outcomes of their endeavors. The importance of accurate
valuations cannot be overestimated; valuing assets too highly will
lead to investing in assets whose costs are greater than their
returns, while undervaluing assets will lead to missed
opportunities for growth. In some situations (such as a merger or
an acquisition), the outcome of the decision can make or break the
investor. The need for solid financial skills has never been more
pressing than in today's global economy. The Fundamental Principles
of Finance offers a new and innovative approach to financial
theory. The book introduces three fundamental principles of finance
that flow throughout the theoretical material covered in most
corporate finance textbooks. These fundamental principles are
developed in their own chapter of the book, then referred to in
each chapter introducing financial theory. In this way, the theory
is able to be mastered at a fundamental level. The interactions
among the principles are introduced through the three precepts,
which help show the impact of the three principles on financial
decision-making. This fresh and original approach to finance will
be key reading for undergraduate students of introduction to
finance, corporate finance, capital markets, financial management
and related courses, as well as managers undertaking MBAs.
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