PPT-Corporate Finance for Long-Term Value Chapter 18:

Corporate Finance for LongTerm Value Chapter 18 Mergers and acquisitions Chapter 18 Mergers and acquisitions Part 5 Corporate financial policies The BIG Picture 3 MAs are very large investments in which a company takes over another. he year Design Value s based on the average of a 3 year period which includes the selected year plus the two prior years Also displayed is the following informat on for each year the umber of Complete Quarters for that year the 99 th Percentil samp value value value value value value Year Year Year Year Year Year Deflated final value 100 100 100 value Year 3 Year Year Year value STD Annual real growth rate 100 100 value value Year Year Year Average annual percentage growth rate 100 value Wei Jiang, Columbia Business School. (Based on research papers coauthored with . Lucian A. Bebchuk, . Alon. . Brav. , Hyunseob Kim, Frank . Partnoy. , and Randall Thomas). Prepared for “The . Realities of Stewardship for Institutional Owners, Activist Investors and Proxy . M. odelling. AFIN . 209. Miss . F. aith . M. oono. . Simwami. mo.simwami@gmail.com. 2/9/2015. 2. O. bjectives. U. nderstanding . of the nature and role of financial management.. U. nderstanding . of the general financial environment and the operation of financial . Investments . and financial markets. Financial management of . corporations. Fields . are separate but . related. 2. Financial Assets. Real . asset. —Objects . that . provide services: houses, cars, food, etc.. Investments . and financial markets. Financial management of . corporations. Fields . are separate but . related. 2. Financial Assets. Real . asset. —Objects . that . provide services: houses, cars, food, etc.. Chapter 16: Issues and payouts – changes in capital structure. Chapter 16: Issues and payouts – changes in capital structure. Part 5: Corporate financial policies. The BIG Picture. 3. Issues raise cash from providers of capital and . 1. What Advance Corporate Finance is?. Corporate finance is the area of finance dealing with . the:. S. ources . of . funding. Capital . structure of corporations. , the actions that managers take to increase the . - Finance track. - Accounting track. - Governance and commercial law track. Integrated masters Finance studies. Integrated masters Accounting studies. Karl (. Kalle. ) Felixson, 27.8.2020. Karl.Felixson@Hanken.fi. Introduction. Contact. Nisan Langberg. Email . nlangberg@uh.edu. Office: 210E. “big picture”. Assume you are familiar with basic financial tools. Time value of money, accounting for risk, CAPM, portfolio theory . Corporate Finance for Long-Term Value Chapter 3: Corporate Governance Chapter 3: Corporate Governance Part 1: Why corporate finance for long-term value? The BIG Picture 3 Current corporate finance maximises financial value from financial Corporate Finance for Long-Term Value Chapter 15: Capital structure Chapter 15: Capital structure Part 5: Corporate financial policies The BIG Picture 3 How should companies decide on their capital structure? Capital structure is the Corporate Finance for Long-Term Value Chapter 7: Capital budgeting Chapter 7: Capital budgeting Part 2: Discount rates and valuation methods The BIG Picture 3 How to select investment projects in practice -> capital budgeting Capital Corporate Finance for Long-Term Value Chapter 19: Options Chapter 19: Options Part 5: Corporate financial policies The BIG Picture 3 Options are contracts that give the owner the right to buy or sell a security at a pre-specified price