PPT-The Capital Structure debate

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 Millers models in a world without tax. 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.. Agenda . Structure (Asian Parliamentary Debate). Room Setup. Speaking Order. Timing. Rules . The Debate. Motion. Types of Motions. Types of Debate. Definitions. Rules of Definition. Definitional Challenge. 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. Basic Debate Workshop. Your Turn!. What comes to mind when you think of debate?. What is Debate?. A debate is a formalized argument. It provides a structure for different parties to exchange thoughts and discussion on an issue. . 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. 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 . Where is Capital Going and Why? – How Traditional . . Macro-Theory Fails at Explaining the Reality. . A. uthor . Keyu. . Jin. Presented by . Jingyun. Cui. . . . Overview – What Is This PowerPoint All About?. 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, . 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...