《工商管理专业英语》课件_工商管理专业英语Unit-8.pptx

Glossaryvolatility:n.Thepropertyofchangingreadilyfromasolidorliquidtoavapor.[化学]挥发性；易变；活泼equity:n.Thedifferencebetweenthemarketvalueofapropertyandtheclaimsheldagainstit.公平，公正；衡平法；普通股；抵押资产的净值barometer:n.Aninstrumentthatmeasuresatmosphericpressure.[气象]气压计；睛雨表；显示变化的事物incentive:n.Anadditionalpayment(orotherremuneration)toemployeesasameansofincreasingoutput.动机；刺激perquisite:n.Anincidentalbenefitawardedforcertaintypesofemployment(especiallyifitisregardedasaright).额外补贴；临时津贴；特权disbursement:n.Amountspaidforgoodsandservicesthatmaybecurrentlytaxdeductible(asopposedtocapitalexpenditures).支出，支付BuninessSchoolofNankaiUniversity

KeyTermsandConceptsFinancialmanagement(财务管理；金融管理):Concernstheacquisition,financing,andmanagementofassetswithsomeoverallgoalinmindProfitmaximization(利润最大化；最高利润):Maximizingafirm’searningsaftertaxes(EAT).Earningspershare(EPS每股收益):Earningsaftertaxes(EAT)dividedbythenumberofcommonsharesoutstanding.Agent(s)（代理）:Individual(s)authorizedbyanotherperson,calledtheprincipals,toactinthelatter’sbehalf.Agency(theory)（代理理论）:Abranchofeconomicsrelatingtothebehaviorofprincipals(suchasowners)andtheiragents(suchasmanagers)BuninessSchoolofNankaiUniversity

TextIntroductionToday,externalfactorshaveanincreasingimpactonthefinancialmanager.Heightenedcorporatecompetition,technologicalchange,volatilityininflationandinterestrates,worldwideeconomicuncertainty,fluctuatingexchangerates,taxlawchanges,andethicalconcernsovercertainfinancialdealingsmustbedealtwithalmostdaily.Inthe1990s,financehasplayedanevermorevitalstrategicrolewithinthecorporation.Thechieffinancialofficer(CFO)hasemergedasateamplayerintheoveralleffortofacompanytocreatevalue.The“oldwaysofdoingthings”simplyarenotgoodenoughinaworldwhereoldwaysquic