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cover. This is unfortunate as many interesting topics with important research questions are left out It is important that you read an MBa textbook. I would suggest Brealey and myer as it introduced the current way in which mba courses are taught. It is quite readable and should take only two or three days to finish It is perhaps helpful to start with a brief historical account of where corporate fina comes from. The railroad companies in the US began to use discounting techniques to make investment decisions. Irving Fisher's book on the Theory of Interest was quite influential However, the corporate finance that was taught in business schools before the Second world War was still very much based on the law. Arthur Stone Dewing's classic book on Corporate Finance which was originally written in the 1920s essentially described various financing instruments and legal precedents. After the war books began to move more towards an accounting and economics based approach. Jack Hirshleifer's 1970 book was q influential in making the subject more economics based. Brealey and Myers was the first book when it was published in the late 1970's was the first to properly incorporate the modern foundations of corporate finance which are Fishers separation theory, the Gordon Growth model, the Modigliani-Miller theorems, the Capital Asset Pricing Model and efficient markets In what follows we will start with firm's investment decisions and then consider the financing aspects2 cover. This is unfortunate as many interesting topics with important research questions are left out. It is important that you read an MBA textbook. I would suggest Brealey and Myers as it introduced the current way in which MBA courses are taught. It is quite readable and should take only two or three days to finish. It is perhaps helpful to start with a brief historical account of where corporate finance comes from. The railroad companies in the US began to use discounting techniques to make investment decisions. Irving Fisherís book on the Theory of Interest was quite influential. However, the corporate finance that was taught in business schools before the Second World War was still very much based on the law. Arthur Stone Dewingís classic book on Corporate Finance which was originally written in the 1920ís essentially described various financing instruments and legal precedents. After the war books began to move more towards an accounting and economics based approach. Jack Hirshleiferís 1970 book was quite influential in making the subject more economics based. Brealey and Myers was the first book when it was published in the late 1970ís was the first to properly incorporate the modern foundations of corporate finance which are Fisherís separation theory, the Gordon Growth model, the Modigliani-Miller theorems, the Capital Asset Pricing Model and efficient markets. In what follows we will start with firmís investment decisions and then consider the financing aspects
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