Handbook of the Economics of Finance: Corporate Finance

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Handbook of the Economics of Finance: Corporate Finance

By Constantinides, George M.; Harris, M.; Stulz, Rene M.

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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.

Subject: Business & Economics -> Finance -> Finance - General

Handbook of the Economics of Finance: Corporate Finance
Publisher: Elsevier S & T 11/2003
Imprint: North Holland
Language: English
Length: 654 pages

ISBN 10: 0444513620
ISBN 13: 9780444513625
Print ISBN: 9780444513625

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