PPT-Capital Structure Decisions

21 21 1 Explain how business and financial risk affect a firms ROE and EPS and identify the financial breakeven points 21 2 Identify the factors that influence capital structure 21. Corporate Finance. Professor Jaime F. Zender. Course Overview:. Purpose and Focus. Review of the syllabus.. Course objectives and learning goals.. Course materials, schedule, and assignments. . See . 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. 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. 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. Chapter 8. Determine the relevant cash flows for various types of capital investments. Compute depreciation expense for tax purposes. Incorporate inflation into capital budgeting. Employ the various methods for computing operating cash flow. S. TRUCTURE AND . I. NVESTMENT IN . R. EAL . A. SSETS. Jon Wiley. Clemson University. Peter Chinloy. American University. Houses & Apartments. Substitutes in production & consumption. Starkly different investment behavior. 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. Capital Restructuring. Capital restructuring involves changing the amount of leverage a firm has without changing the firm’s assets. The firm can increase leverage by issuing debt and repurchasing outstanding shares. 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. -time class in Chinese SAIF Capital . Budgeting. Capital . budgeting is the making of long-run. planning decisions for investments in. projects and programs.. It . is a decision-making and control tool that. focuses primarily on projects or programs. 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, . Semester. Unit-6. Capital Expenditure Decisions-I. Prepared by RAJA PAUL. Capital Expenditure Decisions-I. Concept and Meaning:. Capital-Expenditure decisions or Capital Budgeting may be defined as the decision-making process by which firms...