دانلود کتاب مدیریت مالی حاکمیت شرکتی

The job of managers and entrepreneurs is to navigate their firms toward growth and financial viability. Each day they make decisions while dealing with uncertainty, competition, and threats in the markets. Achieving these goals in the face of such challenges requires a wide range of knowledge and skills. In examining key issues and aspects of financial management and the corporate governance architecture which underlies them, this book provides a basis for a solid understanding of firms, laws, and markets. To start, it will be helpful to lay out the fundamental issues which concern firms as a whole. This will enable us to clarify the scope of this book by distinguishing what is dealt with here and what is not. Most importantly, this book is about financial management as opposed to general management. It also deals with corporate governance, which is intertwined with the management of firms. Finally, it is about firms as opposed to individuals. This book focuses on financial management by firms. Firms are involved in a number of parallel activities, such as strategic planning, research and development, sales and marketing, information and data processing, organizational design and behavior, and legal affairs and compliance, each requiring due care. Since such broad requirements exceed the scope of one individual’s attention and time, firms are run by teams having different types of expertise and experience. Financial management, in which a firm’s representatives interact with capital investors and increase corporate value in the financial markets, is one of these aspects. Since value is a lens through which financial managers look at firms and markets, their perspectives involve dealing with a fair amount of quantitative information and its economic interpretation. Given that value is a financial expression of a firm’s activities, financial managers grasp the underlying facts that drive value through its lens. Since most corporate activities ultimately relate to value, understanding such connections enables them, in turn, to provide key insights and inputs for their firm’s survival and growth. Such insights can be diverse. They can include traditional ones involving strategy, operations, and information, as well as nascent ones on environmental, social, and governance issues. Firms today are facing increasingly complex and unpredictable circumstances, and managers must deal with changing realities. For this reason, this book provides essential frameworks for the financial management of firms. We make no claim that financial perspectives will solve all managerial problems, as if by a wave of a magic wand. But they do serve as a reliable compass for firms seeking to orient themselves during uncertain times.