CORPORATE FINANCIAL MANAGEMEN」 PART IV CAPITAL STRUCTURE AND DIVIDEND POLICY (chapter 12-14) 州经怡贸易大号 UNW原s方C等NTE3风制U方减男0G0CS
CORPORATE FINANCIAL CORPORATE FINANCIAL MANAGEMENT MANAGEMENT PART IV CAPITAL STRUCTURE AND DIVIDEND POLICY (chapter 12-14)
Chapter 12 CAPITAL STRUCTURE CONCEPTS 剥动楂份货多方是 YO年NEB证事0000
Chapter 12 Chapter 12 CAPITAL STRUCTURE CONCEPTS
Introduction 1.Concepts 2.Capital structure Theory 剥动楂份货多方是 YO年NEB证事00003
Introduction Introduction 1. Concepts 2. Capital structure Theory
1.Concepts Capital Structure Vs.Financial Structure Capital Structure Financial Structure Permanent s-t debt Total current liabilities L-T debt L-T debt P/S P/S C/S C/S 渊外校份贫多方号 YO年NEB证事0000
4 zCapital Structure Vs. Financial Structure 1. Concepts Capital Structure Permanent s-t debt L-T debt P/S C/S Financial Structure Total current liabilities L-T debt P/S C/S
Continued... OCapital Structure Terminology Optimal capital structure o Minimizes a firm's weighted cost of capital o Maximizes the value of the firm Target capital structure o Capital structure at which the firm plans to operate Debt capacity o Amount of debt in the firm's optimal capital structure 渊补楂价贸多方号 YO年N0事0E000
Continued… zCapital Structure Terminology – Optimal capital structure o Minimizes a firm’s weighted cost of capital o Maximizes the value of the firm – Target capital structure o Capital structure at which the firm plans to operate – Debt capacity o Amount of debt in the firm’s optimal capital structure