Stock markets and corporate finance

Dempsey, M 2017, Stock markets and corporate finance, World Scientific, New Jersey, United States.


Document type: Book
Collection: Books

Title Stock markets and corporate finance
Author(s) Dempsey, M
Year 2017
Publisher World Scientific
Place of publication New Jersey, United States
Subjects Finance
Financial Institutions (incl. Banking)
Investment and Risk Management
Summary This book examines the nature of the stock market and its implications for corporate management. It provides an introduction to core issues in finance and differs from traditional textbooks in its recognition that "finance is not physics" - in the sense that how markets behave today is not necessarily how they will behave tomorrow. Nevertheless, a certain level of "physics" can be recognized as underpinning the development of stock market valuations and corporate financial decision-making. In short, the objective of the text is to instill insight in regards to the functioning of markets and corporate behavior, as opposed to algebraic derivations from unrealistic assumptions. Rather than subscribe unthinkingly to an "efficient market hypothesis", at each stage of the development of the text's conceptual framework, we also recognize the reality of market "sentiment" and the fundamental uncertainty that managers face in their decisions. Based around a teaching programme with worked questions and solutions, Stock Markets and Corporate Finance is the perfect accompaniment for MBA, undergraduate and graduate students looking for a critical textbook on the nature of the financial sector and corporate finance.
Copyright notice © 2018 World Scientific Publishing Europe Ltd
Keyword(s) Corporations-Finance
Corporations-Valuation
Stock exchanges
Stocks-Prices
Stock exchanges-History
ISBN 9781786343253
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