
我們的教科書是
Brealey, Myers and Allen, Corporate Finance, 8th ed.,
McGraw-Hill International Edition, 2006.(國內的書商華泰書局有進口)
選課的同學盡可能提早取得用書
第一次上課的內容是
第一章 財務學與財務經理
一、何謂公司組織的企業機構?
1.獨資企業、合夥企業、公司企業的差異為何?
2.未公開發行公司(closely held company)與公開發行公司
(public company)的差異為何?
3.公司朝向公開發行的意義何在?
4.何者為公司組織的決策機關?
5.一般認為,公開發行公司具有「所有權與經營權分離」的特色。
為什麼所有權與經營權會分離?如果所有權與經營權分離,
可能有什麼不尋常的後果?
6.何謂代理關係(agency relationship)?在什麼情況下,
代理關係有可能會出現代理問題(agency problem或
principal-agent problem)?
7.如果代理關係人預期會發生代理問題時,通常會如何因應?
8.何謂代理成本(agency cost)?
二、財務經理的主要角色為何?
1.比較實體資產(real asset)與金融資產(financial asset)。
2.何以說財務經理扮演公司營運與金融市場的中介角色?
3.什麼是公司的投資決策(investment decision)?
財務經理在這種投資決策發揮什麼功能?
4.什麼是公司的融資決策(financial decision)?
財務經理在這種融資決策發揮什麼功能?
5.財務經理必須具備那些能力,才能增加完成任務的機會?
三、在公司組織的企業機構中,那些人可以稱為財務經理人?試舉實例說明之。
四、聽說過「公司治理」(corporate governance)這個名詞嗎?
公司治理與代理問題有何關聯?
第二章 現值、公司目標與公司治理
一、現值的概念
1.何謂現值(present value)?何謂未來值(future value)?
2.何謂折現因子(discount factor)?何謂折現率(discount rate)?
3.試就所知,推論一下折現率何以又稱為障礙率(hurdle rate)
或資金機會成本率(opportunity cost of capital)?
4.什麼是淨現值(net present value)?
5.如果有個投資機會,僅需要在最初投資的時候支出一筆金額,
但也只能在投資期滿的時候得到一筆現金收入。
妳(你)可以推算這個投資機會的投資報酬率嗎?
6.何謂投資風險?投資機會的風險程度,與投資金額的機會成本有何關聯?
7.如果有個風險的投資機會,投資金額為一千萬元,預期報酬率為15%;
現在有家銀行願意以每年10%的利率,貸放一千萬元供作投資。
妳(你)如果是這家公司的財務顧問,會作怎麼樣的建議?
二、財務管理有個非常基本的理論基礎:一個人很重要的一件工作,
就是如何將其一生財富配置於目前消費與未來消費之間。
淨現值和這種觀念之間,存在什麼關聯?
三、什麼是公司目標?
1.在一家公開發行的公司,誰來決定公司目標?
股東、董事、董事長、總經理、政府、…?
作/譯者: Brealey、Myers、Allen
ISBN: 0071118004
類別: 財務管理
年份: 2006 8 版
規格: 1056 頁
型式: 平裝
出版商: M.H. 美商.麥格羅希爾國際股份有限公司
教學配件: 教學資源光碟(PowerPoint, 教師手冊,題庫)
章節目錄:
Ch.1 Finance and the Financial Manager
Ch.2 Present Value, the Objectives of the Firm, and Corporate Governance
Ch.3 How to Calculate Present Values
Ch.4 The Value of Bonds and Common Stocks
Ch.5 Why Net Present Value Leads to Better Investment Decisions Than Other Criteria
Ch.6 Making Investment Decisions with the Net Present Value Rule
Ch.7 Introduction to Risk, Return, and the Opportunity Cost of Capital
Ch.8 Risk and Return
Ch.9 Capital Budgeting and Risk
Ch.10 A Project is Not a Black Box
Ch.11 Strategy and the Capital Investment Decision
Ch.12 Agency Problems, Management Compensation, and the Measurement of Performance
Ch.13 Corporate Financing and the Six Lessons of Market Efficiency
Ch.14 An Overview of Corporate Financing
Ch.15 How Corporations Issue Securities
Ch.16 Payout Policy
Ch.17-Does Debt Policy Matter?
Ch.18 How Much Should a Firm Borrow?
Ch.19 Financing and Valuation
Ch.20 Understanding Options
Ch.21 Valuing Options
Ch.22 Real Options
Ch.23 Valuing Government Bonds
Ch.24 Credit Risk
Ch.25 The Many Different Kinds of Debt
Ch.26 Leasing
Ch.27 Managing Risk
Ch.28 Managing International Risks
Ch.29 Financial Analysis and Planning
Ch.30 Working Capital Management
Ch.31 Short-Term Financial Planning
Ch.32 Mergers
Ch.33 Corporate Restructuring
Ch.34 Governance and Corporate Control Around the World
Ch.35 Conclusion: What We Do and Do Not Know About Finance
內容簡介:
We are pleased to announce that the 8th Edition of Principles of Corporate Finance is available. For the benefit of your students, we will continue to offer an International Student Edition (ISE) of this title in Asia. This new edition will contain content that is different from its North American version. We will no longer supply the North American version in Asia.
This new edition will carry a new look as well as a new title:
Corporate Finance, 8th Edition
The ISBN for this title is 0071118004. Highlighted below are some of the many new features of this latest edition.
Broad range of international examples. New co-author Franklin Allen provides numerous examples from around the globe.
Changed end-of-chapter problems. All end-of-chapter problems have also been edited and changed from the US version to reflect global references, companies and currencies.
New chapter on Credit Risk. This chapter collects topics that were previously scattered across several chapters, and also contains new material.
Increased coverage of Corporate Governance and Behaviorial Finance.
Rewritten chapters on Payout Policy and Financing and Valuation.
New Concept Review Questions. These questions review the concepts illustrated within a particular chapter. The first three questions are featured in the text, and additional questions are found on the Online Learning Center and Student CD-ROM.



