Titlebook: Corporate Finance: A Systematic Approach; Kuo-Ping Chang Textbook 2023 The Editor(s) (if applicable) and The Author(s), under exclusive li

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Conclusions and Innovation Points,Mergers and acquisitions are competitions for firms’ controlling right and interest. Different takeover strategies and defensive tactics can affect the interests of the target firm’s senior management and shareholders.

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Basic Concepts of Valuation,In a one-period model, deposit money in a bank, and on the maturity date, in addition to the principal, the depositor usually can get interest payment.

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Financial Statements and Financial Ratios,As the report of physical examination for a person, financial statements provide information about financial conditions of a firm. Financial statements can help the management team to discover potential problems of the firm and internal control.

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Opportunity Cost and Investment Criteria,In corporate finance or investment, cost–benefit analysis is the main theme.

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Capital Structure in a Perfect Market,In their famous and influential article in 1958, Modigliani and Miller present two propositions: First, the market value of any firm is independent of its capital structure, and second, the expected rate of return on the equity of the levered firm increases in proportion to the debt-equity ratio.