Bibliography: BREALEY‚ R.A. and MYERS‚ S.C. (2000) Principles of Corporate Finance. Sixth Edition. London: McGraw Hill BRIGHAM‚ E.F. and HOUSTON‚ J.F. (2009) Fundamentals of Financial Management. Twelfth Edition. Mason: Cengage
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of Initiating Dividend Payments on Shareholders’ Wealth”‚ The Journal of Business‚ 56 (1)‚ pp.77-96. Baker‚ H.K. (2009) Dividends and dividend policy. New Jersey: John Wiley & Sons‚ Inc. Bodie‚ Z.‚ Kane‚ A. and Marcus‚ A. (2009) Investments‚ Hoboken: McGraw Hill Professional. Brealey‚ R Burberry (2011) Annual Reports and Accounts‚ [online] Available at: www.burberryplc.com/bbry/results-centre/respre/rep2011/ [Accessed 6 February 2012]. Fama‚ E.F.‚ Fisher‚ L.‚ Jensen‚ M.C Field A. (2005) Discovering
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References: Brealey R. A.‚ Myers S. C. & Allen F. (2005). Principles of Corporate Finance. 8th ed. New York: The McGraw-Hill Companies. Grover‚ P. (2000). Managing Credit: Is your Credit Policy Profitable? Retrieved January 19‚ 2008‚ from http://www.creditguru.com/guestarticle44
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References: Brealey‚ R. Myers‚ S. C.‚ & Allen‚ F‚ (2005). Principles of Corporate Finance‚ Eighth Edition. The McGraw–Hill Companies. Retrieved January 2‚ 2007 from University of Phoenix Library. Brealey‚ R. A.‚ Myers‚ S. C.‚ Allen‚ F. (2005). Chapter 30-Working Capital Management. Principles of Corporate Finance‚ (8th ed). New York: McGraw-Hill. Retrieved December
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called an unlevered firmed‚ and its whole cash flow belong to its stockholders. If the firm financed both debt and equity‚ then it is so called a levered firm‚ and its cash flow will first goes to debt holders and then to stockholders. According to Brealey et al (2010)‚ the total value of a firm is the sum of its debt value and equity value. Nowadays‚ Chinese listed companies are playing a really important role in the global economy. While the researches on the capital structures of Chinese listed companies
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References: Bemery‚ D.R.‚ Finnerty‚ J.D. & Stowe‚ J.D.‚ (2007). Corporate Financial Management. 3rd Edition‚ Prentice Hall: Pearson Education. Brealey‚ R.A.‚ Myers‚ S.C. & Marcus‚ A.J.‚(2001). Fundamentals of Corporate Finance‚ 3rd Edition‚ McGraw-Hill Primis CO‚ Inc. Brigham‚ E.F. & Houston‚ J.F.‚ (2004). Fundamental of Financial Management. South Western: Thomson. Guillermo Furniture Store Scenario. FIN
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THE JONES FAMILY‚ INCORPORATED Principles of Corporate Finance 6th Edition Richard A. Brealey and Stewart C. Myers The accompanying table summarizes Johnny’s NPV calculation. He assumed Marsha would take 25 100-mile trips per year‚ saving $200‚ plus $1.00 per mile‚ plus a $40 tip on every trip. Operating costs would be $.45 per mile. The net savings are $295 per trip and $7375 per year. These savings increase with inflation at an assumed rate of 4% per year. It seems that
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Why do most mergers and acquisitions (M&A) fail to create value for the acquirer ’s shareholders? What are the main reasons in your opinion? Identify the difference between a good company and a good investment Most of publicly traded companies’ mergers destroy value for buy-side shareholders and at the same time sellers are compensated with premiums1. The same opinion is stated in one of the most quoted book about valuation and creating value: most of M&A deals don’t create value for buyers2
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Loughran‚ T.‚ Ritter J.R‚ 2002‚ “Why don’t issuers get upset about leaving money on the table in IPOs?” Review of Financial Studies‚ Vol.15‚ pp.413–444 Brealey‚ R Ritter‚ J. ‚ 2011‚” Initial Public Offerings: Underpricing Statistics Through 2011”‚ Retrieved 15 March 2012‚ from http://bear.warrington.ufl.edu/ritter/IPOs2011Underpricing1912.pdf Brealey‚ R Darden Business Publishing (2010)‚ Rosetta Stone Case Video Exhibit 3 - YouTube. Available from:‚ Web site: http://www.youtube.com/watch?v=Lnilib9UJx0
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References: Rawls S W‚ Smithson C W. Strategic risk management. Journal of Applied Corporate Finance‚ 1990‚ 1:6-18)Brealey‚ R.‚ and Myers‚ S. (2002) Principles of Corporate Finance‚ 6th edition‚ NewYork: McGraw-Hill Higher Education. Hull J C. Optionsfuturesand other derivatives seurities.3rd ed. Upper Saddle River: Prentice-Hall199749-141Brealey R‚ Kaplanis E. Discrete exchange
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