Completely updated and expanded， this edition examines the relationship between managing research development （R&D） and sustaining sound financial policy. Through extensive fieldwork and consulting， the author demonstrates how to balance and manage R&D efforts， capital investment， and new debt financing decisions. He also offers a framework for understanding the interdependence between these elements and tools that include financial modeling techniques for determining resource allocation. 作者簡介：JOHN B. GUERARD JR. is a faculty member at Rutgers University and a financial consultant to several financial institutions and money managers， including serving on the Virtual Research team of GlobeFlex Capital Management， Inc. Guerard has served on the faculty of the University of Virginia and Lehigh University， as well as in research departments at Drexel， Burnham， Lambert， Daiwa Securities Trust Company， and Vantage Global Advisors， Inc. While serving as director of quantitative research at Vantage Global Advisors， Inc， Guerard was awarded the first Mosokowitz Prize for research in socially responsible investing. He has published several articles in the International Journal of Forecasting， Management Science， Research in Finance， the Journal of Forecasting， the Journal of Investing， and the Financial Analysts Journal. Guerard is a coauthor of several textbooks， including the Handbook of Financial Modeling， and Quantitative Corporate Finance. He serves as an Associate Editor of the International Journal of Forecasting and the Journal of Investing and as an adjunct faculty member in the Graduate School of Management at Rutgers University and the Executive Master's in Technology Management （EMTM） at the University of Pennsylvania.
作者簡介
暫缺《公司財(cái)務(wù)政策與研制管理》作者簡介
圖書目錄
Preface Biography Chapter 1 R&D Management and Corporate Financial Policy Chapter 2 An Introduction to Financial Statements The Balance Sheet Assets Liabilities and Capital Current Liabilities Long Term Debt Capital Section of the Balance Sheet Book Value of Common Stock Consolidated Balance Sheets The Operating Statements: The Income Statement and Sources and Uses of Funds Consolidated Statements Sources and Uses of Funds Chapter 3 Ratio Analysis Ratio Analysis and the Firm’s Perceived Financial Health Current Analysis Ratios Leverage Ratio Sales Efficiency Ratio Profitability Ratios Financial Ratios and the Perceived Financial Health of Firms The Time Series of Ratios in the U.S., 1970-2003 Limitations of Ratio Analysis Chapter 4 Debt, Equity, Financial Structure, and the Investment Decision Definition of Leverage – Profits and Financial Risk The Pure Theory of the Optimal Financial Structure Modigliani and Miller – Constant Capital Costs The Optimal Capital Structure and the M&M Hypothesis Empirical Factors Influencing Financial Structures Cost of Capital Real Options and the Investment Decision Abandonment Value The Option to Delay a Project Implications of Viewing the Right to Delay a Project as an Option Chapter 5 An Introduction to Statistical Analysis and Simultaneous Equations The Linear Regression Model Multiple Regression Least Squares Estimates of the Regression Coefficients Multiple Coefficient of Determination Estimation of Simultaneous Equations Systems Two Stage Least squares (2SLS) Three Stage Least Squares (3SLS) Chapter 6 The Interdependencies among Corporate Financial Policies The Model The Data Estimated Simultaneous Equation Results Chapter 7 Comparing Census/NSF R&D Data with Compustat R&D Data Innovation, R&D, and Stockholder Wealth Financial Decision Estimation Results Comparison of R&D Expenditure Data Comparison of Regression Results Relation of Current Results to Prior Research Extensions of the Simultaneous Equation Approach Summary and Conclusions Suggestions for Future Research Chapter 8 The Use of Financial Information in the Risk and Return of Equity Chapter 9 The Optimization of Efficient Portfolios: How the R&D Quadratic erm Chapter 10 The (Not So Special) Case of Social Investing Chapter 11 R&D Management and Corporate Financial Policy: Conclusions Exercises Endnotes References Figures Tables
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