Question

What are the theories, models and implementation in financial management and how the theories will help in practice?

Answer 1

ANSWER:

A theory of corporate financial management is summarized from the broad flow of finance literature. Within this, contributions to a normative theory, amenable to corporate financial modeling, are reviewed in some detail. The central propositions of a normative theory are isolated to provide a basis of comparison for the practice of financial modeling, as observed through a field research study. Differences between theory and practice are identified and discussed.

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