TAILIEUCHUNG - Lecture Managerial finance - Chapter 23: Risk management

Lecture Managerial finance - Chapter 23 provides knowledge of risk management. This chapter presents the following content: Risk management and stock value maximization, fundamentals of risk management. | Chapter 23 Risk Management Topics in Chapter Risk management and stock value maximization. Fundamentals of risk management. 1 How can risk management increase the value of a corporation? Risk management allows firms to: Have greater debt capacity, which has a larger tax shield of interest payments. Implement the optimal capital budget without having to raise external equity in years that would have had low cash flow due to volatility. (More.) Risk management allows firms to: Avoid costs of financial distress. Weakened relationships with suppliers. Loss of potential customers. Distractions to managers. Utilize comparative advantage in hedging relative to hedging ability of investors. (More.) What is corporate risk management? Corporate risk management is the management of unpredictable events that would have adverse consequences for the firm. 19 Different Types of Risk Speculative risks: Those that offer the chance of a gain as well as a loss. Pure risks: Those that

• Tài chính doanh nghiệp
• Managerial finance
• Lecture Managerial finance
• Financial statements
• Risk management
• Stock value maximization
• Corporate risk management
• Principles of managerial finance
• Lecture Principles of managerial finance
• Environment of managerial finance
• Financial services
• Career opportunities
• Financial analysis
• Cash flow
• Financial planning
• Time value of money
• Future calue
• Risk and Return Fundamentals
• Interest rates
• Bond valuation
• Stock valuation
• Equity capital
• International managerial finance
• Capital budgeting cash flow
• Incremental cash flows
• Capital budgeting techniques
• Net present value
• The cost of capital
• Cost of long term debt
• Marginal cost
• Breakeven analysis
• Capital structure
• Operating breakeven point
• Working capital
• Current asset management
• Spontaneous liabilities
• Accounts payable management
• Short term loans
• Financial options
• Corporate finance
• Option terminology
• Dividend policy
• The financial market environment
• Corporate governance
• Managerial behavior
• Stock options
• Capital budgeting cash flows
• Payout policy
• Current liabilities management
• Business organization
• Maximize wealth
• Financial securities
• Free cash flows
• Future value
• Present value
• Rates of return
• Balance sheet
• Personal taxes