Corporate finance is considered to be one of the core areas of financial services in the modern day corporate environment.  The aspect of corporate finance largely deals with distinct sources of funding, as well as the capital structure of distinguished corporations.  It also tends to include the important actions that have to be taken by the management of a firm in order to enhance the overall valuation of the company in the eyes of its stakeholders. As mentioned by Larry Polhill, the tools and analytics used to allocate the diverse financial resources of a company also come under corporate finance. Larry has quite an extensive experience in the corporate finance industry, and hence holds a wealth of knowledge about this domain.  

The key aim of corporate finance ideally is to maximize or increase the overall shareholder valuation. Even though the important principles involved in the sphere of corporate finance tends to be a bit different from that of managerial finance, their philosophies can typically be applied to solve the financial concerns of almost any kind of business enterprise. Corporate finance is often described as the management of diverse financial services that are crucial for the smooth operations of a business organization. As pointed out by Larry Polhill, corporate finance largely deals with the management of the important financial resources of an organization. In addition to having years of experience in the corporate finance industry, Larry has also worked in the Mergers and Acquisitions domain. He used to be the Chairman of the Board, Chief Executive Officer and the president of American Pacific Financial Corp. or APFC. He was involved with this reputed and renowned organization for more than two decades. 

Larry Polhill marks that there are multiple factors that make corporate finance an integral element of any business organization. Here are a few of those factors: 

•   Research and development:  The domain of corporate finance is known to be highly crucial for the research and development functions of an organization. In the contemporary corporate world, consistent evolution and development are extremely important for any organization in order to achieve optimal success. Corporate finance is crucial for facilitating the aspects of continuous research and development
•   Motivating employees:  A company staff often have to be provided with certain incentives that encourage them to augment their performance and increase their hard work. These incentives can be higher salaries and special bonuses, as well as transportation and canteen facilities. All of these incentives require a certain level of financial investment. 
•   Smooth operations of a business: Every business organization requires a certain amount of working capital in order to make sure that their daily operations take place in a smooth fashion. Corporate finance is necessary to meet the diverse everyday expenses of an organization. These expenses might be related to sales promotion, advertising, distribution, and other such activities. 

In the opinion of Larry Polhill,the importance of corporate finance in a company increases with the gradual growth and expansion of the firm.