PPT-Industrial Structure and Capital Flows

Where is Capital Going and Why How Traditional MacroTheory Fails at Explaining the Reality A uthor Keyu Jin Presented by Jingyun Cui Overview What Is This PowerPoint All About. RWJ-Chapter 10. Project Cash Flows: A First Look. A relevant cash flow for a project is a change in the firm’s overall future cash flow that comes about as a direct consequence of the decision to take that project.. Corporate Finance 35. Capital structure: An introduction to the debate. Different types of gearing. The effect of gearing. Differentiate business and financial risk. The underlying assumptions, rationale and conclusions of Modigliani and Miller’s models in a world without tax. Sheridan Titman. University of Texas. Observations. Capital Assets are held in a variety of ownership structures. Public Corporations. Private Family Businesses. Private Equity Partnerships. Master Limited Partnerships. Presented by Dr. Monika Aggarwal. . Post Graduate Govt. College, CHD. 1. Objectives of the Study. Understand the theories of the . relationship. . between capital structure and the value of the firm. Corporate Finance 36. Capital structure: further considerations. Capital structure in a world with tax. Financial distress. Agency costs. Borrowing capacity. Managerial preferences. Pecking order. Financial slack. Chapter 9. 1. Topics. Relevant Cash Flows For A Project. Cash Flows From Accounting Numbers. MACRS . Tax Law for Depreciation. Sensitivity . Analysis to Show Range Of NPV (Because the Future is Unknown). Balance of Payments. KRUGMAN'S. MACROECONOMICS for . AP*. 41. Margaret Ray and David Anderson . What you will learn. in this. . Unit: . One of the Ten Principles of Economics . from Chapter 1: . . Evidence from Capital Flows. Eugenio Cerutti, Stijn Claessens. and Andrew K. Rose. Q: How Important is . Global Financial Cycle for Capital Flows?. Rey and others: . very. “. Risky asset prices around the globe, from stocks to corporate bonds, have a strong common component. So do capital flows … . Chapter 9. 1. Topics. Relevant Cash Flows For A Project. Cash Flows From Accounting Numbers. MACRS . Tax Law for Depreciation. Sensitivity . Analysis to Show Range Of NPV (Because the Future is Unknown). Evidence from Capital Flows. Eugenio Cerutti, Stijn Claessens and Andrew K. Rose. External Influences and the Blame Game. Consider something important, driven by exogenous external effects. Flight delays . 1. Multinational Capital Budgeting. Extension of the domestic capital budgeting analysis to evaluate a Greenfield foreign project. Distinctions between the project viewpoint & the parent viewpoint when analyzing a potential foreign investment. Sections. Cost of capital. Segmentation vs. integration. Differential costs of capital. Cross-border share listing . Foreign equity ownership restrictions. Subsidiaries’ capital structure. Cost of capital. Capital Structure in a Perfect Market Chapter 14 outline Equity and or debt financing Return on levered equity Modigliani-Miller theorems: MM1: firm value not affected MM2: expected returns are affected Capital Controls. Rakesh Mohan. Executive Director. International Monetary Fund. June 13, 2014. International Credit Flows, Pecuniary Externalities and Capital Controls:. Key Messages. Short-term international credit flows can be excessive and reverse suddenly.