TAILIEUCHUNG - Ebook Applied corporate finance (4th edition): Part 2

(BQ) Part 2 book "Applied corporate finance" has contents: Capital structure - The optimal financial mix; capital structure - the financing details; dividend policy; analyzing cash returned to stockholders; valuation - principles and practice. | Trim Size: 8in x 10in Damodaran V2 - 08/27/2014 2:29 . Find more at CHAPTER 8 CAPITAL STRUCTURE: THE OPTIMAL FINANCIAL MIX Learning Objectives . Use the operating income approach to determine the optimal financial mix for a firm. . Use cost of capital approaches to determine the optimal financial mix for a firm. . Use the adjusted present value approach to determine the optimal financial mix for a firm. . Use comparative analysis approaches to determine the optimal financial mix for a firm. . Compare the results of the various approaches to determining the optimal financial mix for sample firms. What is the optimal mix of debt and equity for a firm? In the last chapter, we looked at the qualitative trade-off between debt and equity, but we did not develop the tools we need to analyze whether debt should be 0%, 20%, 40%, or 60% of capital. Debt is always cheaper than equity, MAXIMIZE THE VALUE OF THE BUSINESS (FIRM) The Investment Decision Invest in the assets that earn a return greater than the minimum acceptable hurdle rate The hurdle rate should reflect the riskiness of the investment and the mix of debt and equity used to fund it The return should reflect the magnitude and the timing of the cash flows as well as all side effects The Financing Decision Find the right kind of debt for your firm and the right mix of debt and equity to fund your operations The optimal mix of debt and equity maximizes firm value The right kind of debt matches the tenor of your assets The Dividend Decision If you cannot find investments that make your minimum acceptable rate, return the cash to owners of your business How much cash you can return depends on current and potential investment opportunities How you choose to return cash to the owners will depend on whether they prefer dividends or buybacks 339 Page 339 Trim Size: 8in x 10in Damodaran V2 - 08/27/2014 2:29 . Find more at .

• Tài chính doanh nghiệp
• Applied corporate finance
• Corporate finance
• Capital structure
• The optimal financial mix
• The financing details
• Dividend policy
• In the beginning
• Financial statement analysis
• Cash flow
• The right frame of time
• The rocky marriage
• Capital budgeting decisions
• The beginning of another
• This is so WACC
• Decision making
• Risk measurement
• Hurdle rates in practice
• Measuring return
• Project interactions
• Side costs
• financial markets
• monetary
• Business Administration
• Financial Management
• FINANCING DECISION
• Dividends and Payout Policy
• Dividend Payments
• Dividend Theory
• Low Dividend Payout
• High Dividend Payout
• Dividend Policies
• UK and bangladesh based companies
• While growth affect positively
• The dividend policy of UK
• Determinants of dividend policy
• Dividend payout ratio
• Payout policy
• Fixed effect model
• Random effect model
• Dividend Payout Policy
• Nonfinancial Listed Companies in Vietnam
• Linter model
• Firms in Zimbabwe
• Corporate dividend policy under hyperinflation
• Dollarization by firms in Zimbabwe
• Bank specific factors
• Oil price
• Oil price on dividend policy
• Dividend yield
• Insurance companies
• Payout ratio
• Share price volatility
• Determinants of dividend payments of Non financial
• Ho Chi Minh stock xxchange
• Dividend policy listed companies
• Among accommodation services
• Electronic industry
• Debt ratio
• Electronic industries of Taiwan and US
• Influences of internationalization
• Dividend among the electronic industries
• Signaling theory
• Corporate operating characteristics
• Dividend policies signal
• Payment of dividends provides information
• Essays
• thesis
• internship reports
• project course
• graduate thesis
• Fundamentals of financial management
• Irrelevance of dividends
• Financial environments
• Stock prices
• Internal factors
• Stocks of Vietnamese firms
• Internal factors of the firm
• Quantile regression
• Variation of stock prices
• Vietnamese stock market
• Employing ordinary least squares
• Private sector banks in India
• Evaluation of dividend policy
• Selected public and private sector banks
• Board of Directors
• Profitable future investment proposals
• Summary of Phd thesis
• Investor sentiment
• Earnings quality
• Evidence from Vietnam
• Summary of the Doctoral thesis
• Dividend policy of listed seafood companies
• Listed seafood companies
• Stock market
• Finance accounting and Auditing
• Corporate value
• Tobin's Q
• GLS model
• Tax Influence Theory
• Business results
• Fair value
• Financial asset
• Essentials of corporate finance
• Business finance
• Business organisation
• Fundamentals of corporate finance
• Tài chính doanh nghiệp
• Business organization