一、研发– 市盈率比较高的公司往往是研发投入较高的公司，可见研发可以提高公司的价值 二、竞争优势– 垄断与竞争优势有关 三、长期价值– 取决于长期现金流量

一、广义: 金融工程涉及到创新性金融工具的设计、发展、实施，是用创新性方法来解决金融问题的过程。 二、狭义: 金融工程是借助于创新性金融工具进行风险管理

一、现实流量的含义 （一）现金流量的定义 现金流量也称现金流动量。在项目投资决策中，现金流量是指投资项目在其计算期内因资本循环而可能或应该发生的各项现金流入量与现金流出量的统称，它是计算项目投资决策评价指标的主要根据和重要信息之一

第一节 财务管理的概念 第二节 财务管理目标 第三节 代理问题 第四节 财务管理环境

第一节 财务分析概述 第二节 公司财务报告 第三节 财务比率分析 第四节 财务状况综合分析

第一节 基本概念 第二节 终值和现值 第三节 年金 第四节 复利期间和有效利率

The objective of this chapter is to study how money and interest rate is determined in the money and financial market. The money and financial market is the market in which money and various financial assets (such as, bonds and stocks) are exchanged

The objective of this chapter is to put the previously discussed two models -- the models of product market and money market --together and discuss how output and interest rate is determined The model presented in this chapter is often called the IS-LM model (IS: the product market model; LM the money market model)

Introduction The objective of this chapter is to study how employment is determined in the labor market We are considering the labor market in which the following relation should always hold:

The aim of this chapter is to study how output is determined in Keynesian framework. The analysis in this chapter is often named multiplier analysis