Book Hack
Corporate FinanceBy Mr Denzil Watson, Antony Head

In a Nutshell

Lecturers from Sheffield Business School teach the tools of corporate finance, which help financial managers deploy funds in pursuit of corporate goals.

Favorite Quote

The overriding objective of a company must be that of shareholder wealth maximisation.

Denzil Watson and Anthony Head

Introduction

In order to operate, a business needs to raise money and decide how to spend it.

The role of corporate finance is to raise the money as cheaply as possible and use it to generate maximum returns.

Corporate finance is the discipline of managing money to maximize shareholder value.

Corporate Finance: Principles and Practice is the eighth edition of a textbook first published in 1998.

The book's authors, Denzil Watson and Anthony Head, are lecturers at the Sheffield Business School at Sheffield Hallam University.

Primarily aimed at undergraduate students, the text provides a detailed beginner's introduction to the tools, techniques, and theories of corporate finance.

Throughout the book, Watson and Head provide revision questions and sample articles from the Financial Times to illustrate real-world applications of the concepts.

Here are the 3 key insights from this Hack

  1. 1.
    The agency problem divides managers and shareholders
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  3. 3.
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