Capital Structure And The Cost Of Capital PDF Download
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Author | : Shannon P. Pratt |
Publisher | : John Wiley & Sons |
Total Pages | : 448 |
Release | : 2008-02-25 |
Genre | : Business & Economics |
ISBN | : 9780470223710 |
Download Cost of Capital Book in PDF, ePub and Kindle
In this long-awaited Third Edition of Cost of Capital: Applications and Examples, renowned valuation experts and authors Shannon Pratt and Roger Grabowski address the most controversial issues and problems in estimating the cost of capital. This authoritative book makes a timely and significant contribution to the business valuation body of knowledge and is an essential part of the expert's library.
Author | : H. Kent Baker |
Publisher | : John Wiley & Sons |
Total Pages | : 504 |
Release | : 2011-03-31 |
Genre | : Business & Economics |
ISBN | : 1118022947 |
Download Capital Structure and Corporate Financing Decisions Book in PDF, ePub and Kindle
A comprehensive guide to making better capital structure and corporate financing decisions in today's dynamic business environment Given the dramatic changes that have recently occurred in the economy, the topic of capital structure and corporate financing decisions is critically important. The fact is that firms need to constantly revisit their portfolio of debt, equity, and hybrid securities to finance assets, operations, and future growth. Capital Structure and Corporate Financing Decisions provides an in-depth examination of critical capital structure topics, including discussions of basic capital structure components, key theories and practices, and practical application in an increasingly complex corporate world. Throughout, the book emphasizes how a sound capital structure simultaneously minimizes the firm's cost of capital and maximizes the value to shareholders. Offers a strategic focus that allows you to understand how financing decisions relates to a firm's overall corporate policy Consists of contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas Contains information from survey research describing actual financial practices of firms This valuable resource takes a practical approach to capital structure by discussing why various theories make sense and how firms use them to solve problems and create wealth. In the wake of the recent financial crisis, the insights found here are essential to excelling in today's volatile business environment.
Author | : I. M. Pandey |
Publisher | : |
Total Pages | : 156 |
Release | : 1981 |
Genre | : |
ISBN | : 9780706977721 |
Download Capital Structure and the Cost of Capital Book in PDF, ePub and Kindle
Author | : Harold Bierman Jr. |
Publisher | : Springer Science & Business Media |
Total Pages | : 230 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461510376 |
Download The Capital Structure Decision Book in PDF, ePub and Kindle
In 1958 an academic paper on corporate finance written by two professors (Merton Miller and Frances Modigliani, who were later awarded the Nobel prize for their research efforts) was published in The American Economic Review. One prime conclusion of their paper was that the exact form of a firm's capital structure did not affect the firm's value. Later papers by the same two authors and by many others modified the assumptions and changed this conclusion. We now think that capital structure decisions do affect a firm's value and corporate managers should understand better the financing alternatives that are available. One of the most important financial decisions is the decision to buy or lease assets. The leasing industry is large and getting larger. Unfortunately, it is very easy for a firm to evaluate incorrectly lease alternatives (see Chapter 12). The capital structure decision is one of the three most important financial decisions that management make (the distribution of earnings and the capital budgeting decisions are the other two contenders). Managers should increase their understanding of capital structure alternatives and remember that choosing the best capital structure is an art and not an exact simple calculation. But applying the art can be improved with understanding.
Author | : Aswath Damodaran |
Publisher | : FT Press |
Total Pages | : 604 |
Release | : 2009-06-19 |
Genre | : Business & Economics |
ISBN | : 0137036558 |
Download The Dark Side of Valuation Book in PDF, ePub and Kindle
Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·
Author | : Stephen A. Ross |
Publisher | : |
Total Pages | : 58 |
Release | : 1994 |
Genre | : |
ISBN | : |
Download Capital Structure and the Cost of Capital Book in PDF, ePub and Kindle
Author | : E. Porras |
Publisher | : Springer |
Total Pages | : 262 |
Release | : 2010-12-14 |
Genre | : Business & Economics |
ISBN | : 0230297676 |
Download The Cost of Capital Book in PDF, ePub and Kindle
The relationship between risk, return and the cost of capital is contextualized by relating it to the needs of investors and borrowers, the historical evidence, and theories of choice and behavior. The text spans financial theory, its empirical tests and applications to real-world financial problems while keeping an entertaining easy-to-read style.
Author | : Lorenzo Sasso |
Publisher | : Kluwer Law International B.V. |
Total Pages | : 248 |
Release | : 2013-08-01 |
Genre | : Law |
ISBN | : 9041148515 |
Download Capital Structure and Corporate Governance Book in PDF, ePub and Kindle
Despite a clear distinction in law between equity and debt, the results of such a categorization can be misleading. The growth of financial innovation in recent decades necessitates the allocation of control and cash-flow rights in a way that diverges from the classic understanding. Some of the financial instruments issued by companies, so-called hybrid instruments, fall into a grey area between debt and equity, forcing regulators to look beyond the legal form of an instrument to its practical substance. This innovative study, by emphasizing the agency relations and the property law claims embedded in the use of such unconventional instruments, analyses and discusses the governance regulation of hybrids in a way that is primarily functional, departing from more common approaches that focus on tax advantages and internal corporate control. The author assesses the role of hybrid instruments in the modern company, unveiling the costs and benefits of issuing these securities, recognizing and categorizing the different problem fields in which hybrids play an important role, and identifying legal and contracting solutions to governance and finance problems. The full-scale analysis compares the U.K. law dealing with hybrid instruments with the corresponding law of the most relevant U.S. jurisdictions in relation to company law. The following issues, among many others, are raised: decisions under uncertainty when the risks of opportunism of the parties is very high; contract incompleteness and ex post conflicts; protection of convertible bondholders in mergers and acquisitions and in assets disposal; use of convertible bonds to reorganise and restructure a firm; timing of the conversion and the issuer’s call option; majority-minority conflict in venture capital financing; duty of loyalty; fiduciary duties to preference shareholders; and financial contract design for controlling the board’s power in exit events. Throughout, the analysis includes discussion, comparison, and evaluation of statutory provisions, existing legal standards, and strategies for protection. It is unlikely that a more thorough or informative account exists of the complex regulatory problems created by hybrid financial instruments and of the different ways in which regulatory regimes have responded to the problems they raise. Because business parties in these jurisdictions have a lot of scope and a strong incentive to contract for their rights, this book will also be of uncommon practical value to corporate counsel and financial regulators as well as to interested academics.
Author | : Alexander Barges |
Publisher | : Hassell Street Press |
Total Pages | : 0 |
Release | : 2023-07-18 |
Genre | : |
ISBN | : 9781019354216 |
Download Effect of Capital Structure on the Cost of Capital Book in PDF, ePub and Kindle
This book explores the relationship between capital structure and cost of capital. Barges delves into key concepts that help explain how a company's financing choices affect its overall cost of capital. Whether you are an investor, corporate finance professional, or student, this book is an essential read for understanding the intricacies of capital structure. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author | : EMMANUEL ATTAH KUMAH |
Publisher | : Lulu.com |
Total Pages | : 140 |
Release | : 2013-07-27 |
Genre | : Business & Economics |
ISBN | : 1304260453 |
Download COST OF CAPITAL (A FINANCIAL TOOL TO CREATE AND MAXIMIZE SHAREHOLDER VALUE) Book in PDF, ePub and Kindle
The cost of capital is important in the financial management of every business. A measure of the cost of capital is required when evaluating various aspects of strategic business plans, e.g., selecting a financial leverage position, calculating the profitability of alternative investment opportunities, measuring economic value-added and comparing various merger and acquisition plans. The task of determining the appropriate cost of capital to use requires a careful analysis of the effect of alternative financing choices which are open to every business. This report considers the cost of capital of Royal Roots Company. Ways are examined to determine the cost of capital by Royal Roots Company. This book sequentially identifies: principles of cost of capital, the capital structure, the cost of debt, cost of equity, cost of preference shares and overall cost of capital (weighted average cost of capital).The cost of equity capital and debt determines the overall cost of capital of any company (public or private)