tailieunhanh - Financial Management

Managers are naturally inclined to act in their own best interests. But the following factors affect managerial behavior: Managerial compensation plans, Direct intervention by shareholders, The threat of firing, The threat of takeover. Shareholders versus Creditors Shareholders (through managers) could take actions to maximize stock price that are detrimental to creditors. In the long run, such actions will raise the cost of debt and ultimately lower stock price. | CHAPTER 1 An Overview of Financial m Management Career Opportunities Issues of the New Millennium Forms of Businesses Goals of the Corporation Agency Relationships 1-1 Career Opportunities in Finance Money and capital markets Investments Financial management 1-2 Responsibility of the Financial Staff Maximize stock value by Forecasting and planning Investment and financing decisions Coordination and control Transactions in the financial markets Managing risk .

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