Conventional corporate finance requires the managers of a firm to manage the financial and other aspects of the business in a manner that increases the market value of the firm and therefore the value of a shareholder’s investment in the …
1.1 DEFINITION OF “FINANCIAL CRISIS” Goldsmith has succinctly defined the term ‘financial crisis’ as a “sharp, brief, ultra-cyclical deterioration of all or most of a group of financial indicators”, such as short-term interest rates, asset prices, corporate insolvencies and the …