Corporate finance aswath damodaran pdf

#1: Project Finance is Non-Recourse
In corporate finance, lenders can generally lay claim to the the assets of the entire company.
For example, when Hertz announced their bankruptcy in 2020, their lenders are generally entitled to collect on their debts from all the assets held by Hertz.
Corporate finance book for MBA
The five basic corporate functions are financing (or capital raising), capital budgeting, financial management, corporate governance, and risk management.
These functions are all related, for example, a company needs financing to fund its capital budgeting choices..
What is the difference between commercial finance and corporate finance?
As you can see, commercial finance focuses on providing the funding at an operational and growth level, whereas corporate finance typically involves higher level deals and transactions such as business sales and acquisitions..
What is the traditional approach to financial management?
The traditional approach to financial management was primarily focused on earning more funds to grow the business.
Companies following the traditional method usually implement the following measures to maximise their profits: Maintain accounting and legal relationships between investors (source of funds) and the firm..

Corporate finance book for MBA