Final answer:
The statement in the question is false. Successful financial managers are indeed concerned with the term structure of interest rates and also must account for the relative volatility and historical levels to make informed financing decisions.
Step-by-step explanation:
The statement is false. A successful financial manager must be concerned with not only the term structure of interest rates but also with the relative volatility and historical level of interest rates. Understanding the term structure of interest rates, which refers to the relationship between the interest rates or yields and different maturities, is important because it impacts the valuation of bonds and the firm's cost of capital. However, the volatility of interest rates affects the price of bonds in the market, and the historical levels can offer insights into future interest rate movements.
Investors such as bondholders and shareholders are indeed more likely to invest in established firms where widely available information indicates profitability, as mentioned in the context provided. A good grasp of this information is crucial for making informed decisions related to issuing new bonds, refinancing existing debt, or assessing the risk associated with different financing options.
In summary, the task of financial management involves a comprehensive approach to the company's financial environment, not just a narrow focus on certain aspects of interest rates.