TAILIEUCHUNG - Ebook Financial management and real options: Part 2

(BQ) Part 2 book "Financial management and real options" hass contents: Portfolio theory and asset pricing, portfolio theory and asset pricing, long term financing, dividend policy, capital structure, lease finance, financial planning and solvency, financial planning and solvency,.and other contents. | Financial Structure 12 Portfolio Theory and Asset Pricing 13 Calculating the Cost of Capital 14 Long-term Financing 15 Dividend Policy 16 Capital Structure 17 Lease Finance 22 1 246 264 286 303 33 1 Portfolio Theory and Asset Pricing1 Earlier chapters suggested that the opportunity cost of investment in a capital project is the rate of return available to shareholders from securities having the same risk. We used the Capital Asset Pricing Model (CAPM) to represent this financial market benchmark for required rates of return. This model assumes that shareholders diversify their assets efficiently. Imperfect correlation between security returns implies that when the prices of some assets in the portfolio fall, others in the portfolio can be rising. The net effect is reduction of risk for the portfolio as a whole. Portfolio theory helps an investor to use efficient diversification to obtain an optimum balance between the expected return on a portfolio and its risk. If all investors diversified efficiently in this way, an equilibrium relationship between expected returns and risk in the financial market would result. The CAPM portrays this equilibrium. Arbitrage is another method that investors can use to reduce the risk of investments. Arbitrage Pricing Theory (APT) represents an alternative and more robust model of market equilibrium. The APT equilibrium includes the single-factor CAPM as a special case, but permits the use of additional factors to explain expected rates of return in the financial market. Portfolio management underpins much of the activity in the financial services industry, and thus portfolio theory is an important subject in its own right. In addition, portfolio theory is the foundation of much of what we know about asset pricing. TOPICS Consequently, this chapter concerns the following: expected returns; risk; risk reduction through portfolio diversification; portfolios of two securities; portfolios of more than two .

• Ngân hàng - Tín dụng
• Financial management
• Real options
• Portfolio theory
• Asset pricing
• Long term financing
• Lease finance
• Financial planning
• Capital structure
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Quản lý tài chính
• Multinational financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Hospitality financial management
• Hospitality industry management
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point