Corporate finance is concerned with how to make capital investment decisions (capital budgeting); how to finance company activities, including new investments; and how to make dividend payment decisions. This book will lecture on important topics for corporate finance, which will cover methods, theory, and policy decisions. The topics which will be addressed in this book include how streams of cash flows are valued, how financial managers evaluate investment opportunities, how financial statements are used to evaluate a company's financial condition and its market value, how a manager chooses between mutually exclusive opportunities, and how they evaluate different types of investment. This book will also discuss the treatment of risk when evaluating a project and the required returns on a project. Alternative sources of funds used to finance new projects, which include internal and external sources of funds, will be theoretically and empirically demonstrated. Lastly, long-term financial planning will be discussed.
Sample Chapter(s)
Preface
Chapter 1: Introduction and Overview of Financial Management
https://doi.org/10.1142/9789811239045_fmatter
The following sections are included:
https://doi.org/10.1142/9789811239045_0001
The following sections are included:
https://doi.org/10.1142/9789811239045_0002
The following sections are included:
https://doi.org/10.1142/9789811239045_0003
The following sections are included:
https://doi.org/10.1142/9789811239045_0004
The following sections are included:
https://doi.org/10.1142/9789811239045_0005
The following sections are included:
https://doi.org/10.1142/9789811239045_0006
The following sections are included:
https://doi.org/10.1142/9789811239045_0007
The following sections are included:
https://doi.org/10.1142/9789811239045_0008
The following sections are included:
https://doi.org/10.1142/9789811239045_0009
The following sections are included:
https://doi.org/10.1142/9789811239045_0010
The following sections are included:
https://doi.org/10.1142/9789811239045_0011
The following sections are included:
https://doi.org/10.1142/9789811239045_0012
The following sections are included:
https://doi.org/10.1142/9789811239045_0013
The following sections are included:
https://doi.org/10.1142/9789811239045_0014
The following sections are included:
https://doi.org/10.1142/9789811239045_0015
The following sections are included:
https://doi.org/10.1142/9789811239045_0016
The following sections are included:
https://doi.org/10.1142/9789811239045_0017
The following sections are included:
https://doi.org/10.1142/9789811239045_0018
The following sections are included:
https://doi.org/10.1142/9789811239045_0019
The following sections are included:
https://doi.org/10.1142/9789811239045_0020
The following sections are included:
https://doi.org/10.1142/9789811239045_0021
The following sections are included:
https://doi.org/10.1142/9789811239045_0022
The following sections are included:
https://doi.org/10.1142/9789811239045_0023
The following sections are included:
https://doi.org/10.1142/9789811239045_0024
The following sections are included:
https://doi.org/10.1142/9789811239045_0025
The following sections are included:
https://doi.org/10.1142/9789811239045_0026
The following sections are included:
https://doi.org/10.1142/9789811239045_0027
The following sections are included:
https://doi.org/10.1142/9789811239045_bmatter
The following sections are included:
Professor Cheng Few Lee is a Distinguished Professor of Finance and Economics at Rutgers Business School, Rutgers University, and was chairperson of the Department of Finance from 1988–1995. He has also served on the faculty of the University of Illinois (IBE Professor of Finance) and the University of Georgia. He has maintained academic and consulting ties in Taiwan, Hong Kong, China, and the United States for the past five decades. He has been a consultant to many prominent groups, including the American Insurance Group, the World Bank, the United Nations, The Marmon Group Inc., Wintek Corporation, Polaris Financial Group, and others.
Professor Lee founded the Review of Quantitative Finance and Accounting (RQFA) in 1990 and the Review of Pacific Basin Financial Markets and Policies (RPBFMP) in 1998, and he serves as managing editor for both journals. He was also a co-editor of the Financial Review (1985–1991) and The Quarterly Review of Economics and Finance (1987–1989). In the past 50 years, Professor Lee has written numerous textbooks ranging in subject matters from financial management to corporate finance, security analysis and portfolio management to financial analysis, planning and forecasting, and business statistics. In addition, he has edited several popular books, Encyclopedia of Finance (with Alice C Lee), Handbook of Quantitative Finance and Risk Management (with Alice C Lee and John Lee), Handbook of Financial Econometrics and Statistics (with John Lee), Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning (with John Lee), and Handbook of Investment Analysis, Portfolio Management and Financial Derivatives (with Alice C Lee and John Lee). Professor Lee has also published more than 240 articles in more than 20 different journals on finance, accounting, economics, statistics, and management. Professor Lee has been ranked the most published finance professor worldwide during the period 1953–2008.
Professor Lee was the intellectual force behind the creation of the new Masters of Quantitative Finance program at Rutgers University. This program began in 2001 and has been ranked as one of the top fifteen quantitative finance programs in the United States. Professor Lee started the Conference on Financial Economics and Accounting in 1989. This conference is a consortium of Rutgers University, New York University, Temple University, University of Maryland, Georgia State University, Tulane University, Indiana University, and University of Toronto. This conference is the most well-known conference in finance and accounting. In addition, Professor Lee also started the conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM) in 1993.
John C Lee is a Microsoft Certified Professional in Microsoft Visual Basic and Microsoft Excel VBA. He has a Bachelor's and a Master's degrees in accounting from the University of Illinois at Urbana-Champaign.
John has worked for over 30 years in both the business and technical fields as an accountant, auditor, systems analyst, and business software developer. He is the author of the book Essentials of Excel, Excel VBA, SAS and Minitab for Statistical and Financial Analyses, which is a companion text to Statistics of Business and Financial Economics, 2nd and 3rd editions, of which he is one of the co-authors. In addition, he has also coauthored the textbooks Financial Analysis, Planning and Forecasting, 3rd edition (with Cheng F Lee and Alice C Lee), and Security Analysis, Portfolio Management, and Financial Derivatives (with Cheng F Lee, Joseph Finnerty, Alice C Lee, and Donald Wort). He has also coauthored two forthcoming books, titled Microsoft Excel VBA, Python and R For Financial Statistics, and Portfolio Analysis and Microsoft Excel VBA, Python and R For Financial Derivatives, Financial Management, and Machine Learning. John has been a Senior Technology Officer at the Chase Manhattan Bank and Assistant Vice President at Merrill Lynch. Currently, he is the Director of the Center for PBBEF Research.
Three Project Analyses of Johnson & Johnson (JNJ) in Terms of Excel Programs
Supplementary Material Resources
Resources are also available to instructors who adopt this textbook for their courses. These include:
To access the materials, please visit: http://www.worldscientific.com/worldscibooks/10.1142/12337-sm
Only available for registered users. For new users, please visit the following website for registration: https://www.worldscientific.com/action/registration. After registration, please contact sales@wspc.com to activate your access to the materials.
Sample Chapter(s)
Preface
Chapter 1: Introduction and Overview of Financial Management