TAILIEUCHUNG - Lecture Entrepreneurial finance - Chapter 7: Types and costs of financial capital

Learning objectives of chapter 7: Understand some basic characteristics of the financial markets, understand how risk-free securities prices reflect risk-free borrowing rates, explain how corporate debt prices reflect higher interest rates when a borrower may default, explain investment risk;. | Chapter 7 TYPES AND COSTS OF FINANCIAL CAPITAL 1 © 2012 South-Western Cengage Learning ENTREPRENEURIAL FINANCE Leach & Melicher CHAPTER 7: Learning Objectives Understand some basic characteristics of the financial markets Understand how risk-free securities prices reflect risk-free borrowing rates Explain how corporate debt prices reflect higher interest rates when a borrower may default Explain investment risk Estimate the cost of publicly traded equity capital (., exchange-listed common stocks) Estimate the cost of private equity capital Explain how capital costs combine into a weighted average cost of capital (WACC) Understand venture investors’ target returns and their relation to capital costs 2 Types & Costs of Financial Capital Implicit Versus Explicit Financial Capital Costs Formal historical accounting procedures include explicit records of debt (interest and principal) and dividend capital costs However, no provision is made to record the less tangible expenses of equity

• Tài chính doanh nghiệp
• Entrepreneurial finance
• Lecture Entrepreneurial finance
• Tài chính kinh doanh
• Entrepreneurial process
• Entrepreneurship fundamentals
• Financial capital
• Entrepreneurial traits
• Business plan
• Business organization
• Measuring financial performance
• Evaluating financial performance
• Financial planning
• Valuing early stage ventures
• Venture capital valuation methods
• Professional venture capital
• Personal finance
• Working capital management
• Capital budgeting
• Lump sums
• Lecture Entrepreneurship
• Entrepreneurship management
• Technology entrepreneurship
• The entrepreneurial process
• Entrepreneurial marketing
• Entrepreneurial context
• Entrepreneurial growth
• Economic concepts
• Financial management
• Financial statements
• Financing entrepreneurial
• The power of entrepreneurship
• Opportunity recognition
• Business model