[财务管理]财务管理可分割成2个领域：Fields中英文.pdfVIP

Chapter 1 Foundations (導論) AAn Overview of Finance (p.2)  Finance is the art and science of handling moneythe management of money.  財務管理可分割成2個領域:Fields are separate but related  Investments and financial markets  Financial management of corporations A-1Financial Assets(金融資產)  Real asset  Financial asset (or is called a security (有價 證券))—a document representing a claim (請求權) to certain future cash flows.  Financial assets are either stocks or bonds  Firms issue financial assets to raise money in order to buy real assets. A-1Financial Assets(金融資產)  Investing involves buying financial assets in the hope of earning a return  Investments in financial assets can be made  directly by buying securities, or  indirectly by buying shares in a mutual fund (共同 基金) A-2Financial Markets(金融市場)  In Fin. Markets, financial assets are issued (發行) by firms and bought (購買) by investors in financial markets  Fin. Market is a framework or organization in which people can buy/sell securities  Stock market: exchange over-the-counter  Stockbroker (broker)--trade securities for a commission A-2Financial Markets  Secondary market (次級市場):Most transactions are of this type  Primary market(初級市場)—market where securities are initially sold (I.P.O.)  Investments(投資):Making decisions about buying and selling stock and bonds  Financial management:Decisions about raising money (募集資金)and how to spend it A-3 Raising Money(p.4)  Financing (融資) means raising money to acquire something  Forms of Financing (融資的形式)  (1) Issuing stock (equity financing)  (2) Borrowing money (debt financing)  Bank  Issuing bonds  Leasing  (3) In