Chapter 1
~Financial decision
~Capital budgeting decision
~Real asset
~Financial asset
CFO's role
~ Treasurer
~ Controller - responsible for budgeting, accounting, taxes
Agency problem
ownership vs management.
~managers act as agents for stockolders,may act in their own interet rather than maximizing value.
~stakeholder is the one with a financial intrest in the firm
Solving solution:
Compensation plans,BOD, takeovers, specialist monitoring, legal and regulatory requirement.
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