文档介绍：Brealey−Meyers: Front Matter Preface © The McGraw−Hill
Principles of panies, 2003
Finance, Seventh Edition
PREFACE
This book describes the theory and practice of corpo- Once understood, good theory mon sense.
rate finance. We hardly need to explain why financial Therefore we have tried to present it at mon-
managers should master the practical aspects of their sense level, and we have avoided proofs and heavy
job, but we should spell out why down-to-earth, red- mathematics. There are no ironclad prerequisites for
blooded managers need to bother with theory. reading this book except algebra and the English lan-
Managers learn from experience how to cope guage. An elementary knowledge of accounting, sta-
with routine problems. But the best managers are tistics, and microeconomics is helpful, however.
also able to respond to change. To do this you need
more than time-honored rules of thumb; you must CHANGES IN THE SEVENTH EDITION
understand panies and financial markets This book is written for students of financial man-
behave the way they do. In other words, you need a agement. For many readers, it is their first look at the
theory of finance. world of finance. Therefore in each edition we strive
Does that sound intimidating? It shouldn’t. to make the book simpler, clearer, and more fun to
Good theory helps you grasp what is going on in read. But the book is also used as a reference and
the world around you. It helps you to ask the right guide by practicing managers around the world.
questions when times change and new problems Therefore we also strive to make each new edition
must be analyzed. It also tells you what things you prehensive and authoritative.
do not need to worry about. Throughout this book We believe this edition is better for both the stu-
we show how managers use financial theory to dent and the practicing manager. Here are some of
solve practical problems. the major changes:
Of course, the theory presented in this book i