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Handbook of the Economics of Finance : Corporate Finance

By: George M. Constantinides M. Harris Rene M. Stulz (Author)

Ksh 18,900.00
Format :

Format(s): DRM PDF DRM EPUB

ISBN-13: 9780080495071

Publisher: Elsevier Science

Imprint: North Holland

Publication Date: November 4th, 2003

Country of Publication: NL

Language: English

Pages: 654

Physical Edition EAN: 9780444513625

Category: Corporate finance

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  • Author Bio

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.

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