The theories of corporate finance continue to change rapidly. New financial markets are developing.

There is a growing focus among the business managers
to create value for shareholders and other stakeholders for improving coporate governance.

As the regulators continuously make efforts for enhancing transparent financial practices and improving investor protection, the regulations affecting the corporate enterprises continuously change.

The tax laws are also ever changing and affecting the
operations of the corporate entities.

Another subject of great importance is the globalization
of finance. Both, the raising of finance and its deployment can now be global in nature and not necessarily confined to the domestic boundaries as in
the past.