Firms, the Stock Market, and Corporate Governance 管理经济学 技术方案.pptVIP

Firms, the Stock Market, andCorporate Governance; After studying this chapter, you should be able to: Categorize the major types of business in the United States. Describe the typical management structure of corporations and understand the concepts of separation of ownership from control and the principal-agent problem. Explain how firms obtain the funds they need to operate and expand. Understand the information provided in firms’ financial statements. Understand the business accounting scandals of 2002, as well as the role of government in corporate governance.;Types of Firms;Types of Firms;Types of Firms;The Structure of Corporations and the Principal-agent Problem;How Firms Raise Funds;How Firms Raise Funds;How Firms Raise Funds;How Firms Raise Funds;Following Ford’s Stock and Bond Prices in the Financial Pages;A Bull in China’s Financial Shop;Using Financial Statements to Evaluate a Corporation;Using Financial Statements to Evaluate a Corporation;Using Financial Statements to Evaluate a Corporation;Understanding the Business Scandals of 2002; ;;Accounting profit Asset Balance sheet Bond Capital gains Corporation Corporate governance Coupon payment Direct finance Dividends Economic profit Explicit cost;Appendix 7A:Tools to Analyze Firms’ Financial Information;Appendix 7A:Tools to Analyze Firms’ Financial Information;Appendix 7A:Tools to Analyze Firms’ Financial Information;Appendix 7A:Tools to Analyze Firms’ Financial Information;Appendix 7A:Tools to Analyze Firms’ Financial Information;Present value