PPT-Capital Structure Refers to the mix of debt and equity that a company uses to finance

Capital Restructuring Capital restructuring involves changing the amount of leverage a firm has without changing the firms assets The firm can increase leverage by issuing debt and repurchasing outstanding shares. Capital Structure. Presenter’s name. Presenter’s title. dd. Month . yyyy. 1. Introduction. The capital structure decision affects financial risk and, hence, the value of the company.. The capital structure theory helps us understand the factors most important in the relationship between capital structure and the value of the company.. Financing a Firm with Equity. You are considering an investment opportunity. . For an initial investment of $800 this year, the project will generate cash flows of either $1400 or $900 next year, depending on whether the economy is strong or weak, respectively. Both scenarios are equally likely.. Financial Leverage and Capital Structure Policy. What is meant by capital restructuring. What is the primary goal of financial managers?. Can leverage help in achieving such goals?. Capital Restructuring. Global Financial Management. Campbell R. Harvey. Fuqua School of Business. Duke University. charvey@mail.duke.edu. http://www.duke.edu/~charvey. Overview. “. Capital Structure does not matter!. ”. Aswath Damodaran. www.damodaran.com. www.stern.nyu.edu. /~. adamodar. /. New_Home_Page. /. triumdesc.html. What is corporate finance?. Every decision that a business makes has financial implications, and any decision which affects the finances of a business is a corporate finance decision. . THE NEED FOR CAPITAL. START-UP OR VENTURE CAPITAL. WORKING CAPITAL. INVESTMENT CAPITAL. START-UP CAPITAL . – “Seed money” which is simply the money needed to begin one’s business, to pay your first rent, licensing fees and all costs associated with starting a business.. The pathway to the optimal mix can be rocky.. Now that we have an optimal.. And an actual.. What next?. At the end of the analysis of financing mix (using whatever tool or tools you choose to use), you can come to one of three conclusions:. National Business Institute Seminar. May 11, 2015. IronHorse is a K.C. based special situation professional services firm with practice specialties in business valuation & appraisal, forensic services & litigation support, CFO services, due diligence, and complex financial & operations restructuring/turnaround consulting. . IMA Detroit Chapter Mark Blaufuss. January 14, 2014 CFO, Metaldyne. 1. Overview. Summary Background. Building a World Class Finance Organization. Benefits. Characteristics. How to Get There. Challenges. 13 May 2014. Michael Neary. Partner, Corporate Finance. Overview of presentation . Topic. Time. Presentation on SME financing. 8.30 – 9.55. Break. 9.55 –. 10.10. Case Study . 10.10– 11.00. Introduction. Petitioners Exhibit No 13 Glossary of Acronyms CenterPoint CenterPoint Energy Inc Company Southern Indiana Gas and Electric Company d/b/a Vectren Energy Delivery of Indiana Inc FSA Financial Services What is meant by capital restructuring. What is the primary goal of financial managers?. Can leverage help in achieving such goals?. Capital Restructuring. Capital Restructuring. We are going to look at how changes in capital structure affect the value of the firm, . Theories of capital structure . . Value of firm(V) = EBIT/. K. o. Two school of thoughts. :. Financing decision affects the valuation. Net Income Approach(NI). Financing decision does not affect the valuation. Capital Structure. Multinational corporations rely on capital to finance their expansion of existing subsidiaries, the creation of new subsidiaries, and other projects. . Because the MNC’s decisions regarding its capital structure determine its...