lecture 1 Flashcards
1
Q
What is traditional financial management
A
Maximizing shareholder value
2
Q
Goal of manager (agent)
A
Maximize firm value by making investment decisions (invest in assets that earn a greater than min acceptable return), Finanacial decisions (debt/equity financing) and payout decisions (no project –> payout)
3
Q
kind of just dont be a cunt? idk
A
