ESCP Europe

The author, one of the world's leading economist offers a unified and comprehensive introduction to modern corporate finance theory. The author conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing ; the role of private equity, financial markets, and takeovers ; the efficient determination of leverage, dividends, liquidity, and risk management ; and the design of managerial incentive packages. He places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions.