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This textbook takes on a systematic approach to elaborating on the different subjects within corporate finance. The chapters bring together existing concepts with examples and stories that allow students to easily understand and apply financial tools. In doing so, the book strives to clarify misconceptions in the literature on topics related to firm's ownership and control, problems of the Modigliani-Miller first and second propositions, relationship between options and corporate finance, behavioral finance versus corporate finance, etc. The book takes into consideration the growing importance of the Asian economy and financial markets in recent years, and constructs the P-index to measure and compare the risk structures of US and China's stocks and stock indexes. This book is a primary text written for the introductory courses in corporate finance at the M.B.A. level and for the intermediate courses in undergraduate programs, but can also be of great use to Ph.D. students as well as professionals.

This book discusses the nature of China's current international reassertion of itself and the thinking and attitudes which lie behind it. It argues that the Chinese leadership has a strongly held view of its own high moral authority, which emphasizes inclusion, equality and mutual benefits, and that this sense of morality underpins the driving forces for China's foreign policies, rationalization of China's overseas activities, the overall Chinese worldview, and China's vision of a Chinese world order. It highlights how the country's outward expansion has been characterized mainly by spreading influence through non-use of force and strategies of “co-operation” and “managed conflict” under the umbrella of “winning without fighting”. A set of Chinese geo-strategic reasoning that addresses how the possession of capabilities in land power and sea power will interact to produce favorable balance of power corresponds to the country's pattern of overseas activities. The book approaches the subject empirically based on original research into both writings for policy-making purposes, which indicate realistic assessments of world politics and of China's international capacity, and also narratives for public consumption, which have less emphasis on selfinterest and realpolitik. The book concludes that Beijing's self-privileging high morality might have the unfortunate consequence of reinforcing its own behavior which defies international order and which others disapprove of, thereby increasing the likelihood of non-armed and armed conflicts.

This work presents a clear approach for the reconstruction of head and neck cancer excision defects. Starting with a brief historical account of head and neck reconstruction, the principles of resection and reconstruction of head and neck cancer, the book then provides a detailed overview of head and neck reconstruction based on head and neck subsites; various reconstruction techniques; best approaches; and the challenges faced in reconstruction and how to overcome them. Lastly, it discusses future directions in head and neck reconstruction.

This book clarifies several ambiguous arguments and claims in finance and the theory of the firm. It also serves as a bridge between derivatives, corporate finance and the theory of the firm. In addition to mathematical derivations and theories, the book also uses anecdotes and numerical examples to explain some unconventional concepts. The main arguments of the book are: (1) the ownership of the firm is not a valid concept, and firms'objectives are determined by entrepreneurs who can innovate to earn excess profits; (2) the Modigliani-Miller capital structure irrelevancy proposition is a restatement of the Coase theorem, and changes in the firm's debt-equity ratio will not affect equity-holders'wealth (welfare), and equity-holders'preferences toward risk (or variance) are irrelevant; (3) all firms'resources are options, and every asset is both a European call and a put option for any other asset; and (4) that a first or residual claim between debt and equity is non-existent while the first claim among fixed-income assets can actually affect the market values of these assets.