| Advanced Corporate Finance Presented by 9/3/14 Professor Nikolay Halov 1 Plan for today • Syllabus • Introduction to the course • Is Corporate Finance Irrelevant? 2 General Information • • • • Professor Nikolay Halov Office: KMC 9-151 E-mail: nhalov@stern.nyu.edu Phone: 212-998-0836 3 Course Information Meeting times: Monday Wednesday 2-3:15pm‚ 3:30-4:45pm •The web page: – NYU Classes – Class materials‚ problems‚ solutions‚ communication •TAs: • Ryan Liu: ryan.liu@stern.nyu.edu
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in the growth stage of their cycle typically finance that growth through debt‚ borrowing money to grow faster. The conflict that arises with this method is that the revenues of growth firms are typically unstable and unproven. As such‚ a high debt load is usually not appropriate. More stable and mature firms typically need less debt to finance growth as its revenues are stable and proven. These firms also generate cash flow‚ which can be used to finance projects when they arise. Financial flexibility
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61.70 Faculty FINANCE Associate Professor and Chair of the Department THOMAS WALKER‚ PhD Wash.State‚ Laurentian Bank Professor in Integrated Risk Management Professors ABRAHAM BRODT‚ PhD N.Y.‚ Director‚ Kenneth Woods Portfolio Management Program ALAN HOCHSTEIN‚ PhD McG.‚ Interim Dean ARVIND JAIN‚ PhD Mich.‚ Academic Director‚ International Business Program LAWRENCE KRYZANOWSKI‚ PhD Br.Col.‚ Concordia University Research Chair in Finance STYLIANOS PERRAKIS‚ PhD Calif.(Berkeley)
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ECON 134A Corporate Finance[1] UC IRVINE‚ Winter 2012 Course Code: 62320 Time: TR 5:00 – 6:20 PM Place: HH178 Website: https://eee.uci.edu/12w/62320 |Instructor: George Sarraf | TAs: Gates Wess: wgates@uci.edu | |Email: gsarraf@uci.edu | Licata David: dlicata@uci.edu | |Office: SSPB 3297
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Cox Communications‚ Inc. Applied Corporate Finance Prof. José Neves Adelino Prof. Carla Peixoto Prof. André Fernando Group 9 Ana Rita Miranda 472 Carolina Oliveira 423 Henrique Queiroz 453 João Santos 438 Tiago Pinho 403 Applied Corporate Finance Executive Summary By mid-1999‚ Cox Communications‚ majority-owned by the Cox family‚ was about to take its first step into a planned $7Bn acquisition spree‚ which would let it stand as a top-tier communication sector firm in the coming years
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Accounting Research 15(4): 383-399. Brealey‚ R. and S. Myers (1998) Priciples of Corporate Fianance. 5th Edition‚ McGraw-Hill. Burns‚ T. and G. Stalker (1961). The management of innovation. London‚ Tavistock. Damanpour‚ F. (1987). "The adoption of technological‚ administrative‚ and ancillary innovations: impact of organizational factors." Journal of Management 13: 675-688. Damodaran A. (2001) Corporate Finance: Theory and Practice‚ 2nd Edition‚ John Wiley & Sons. Danielson‚ M. J. Scott (2006)
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After 1688‚ Britain underwent a revolution in public finance‚ and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government‚ made possible by better property rights protection‚ lead to a rapid expansion of private credit‚ and see the Industrial Revolution as a result of the preceding revolution in public finance. However‚ some prominent economic historians‚ on examination of this hypothesis‚ conclude that the financial revolution led to an explosion
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1.79 divided by 16P0 than plus 0.15g equal 0.26. 0.238 after tax cost of equity internally generated D1 is 1.79 divided by 20 P0 than plus 0.15 equity 0.238. Finance Case: O’Grady Apparel Company Part B The break point is the level of financing at which the cost of a component of financing increases (Principles of Corporate Finance pg. 525). The break point for the available reinvested profits of $1‚300‚000 is found by dividing it by its respective common equity capital structure weight of
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shares must Baruk issue to raise the capital needed to pay its debt obligation? c. After repaying the debt‚ what will Baruk’s share price be? a. 81 36 10 $4.5 / share ©2011 Pearson Education‚ Inc. Publishing as Prentice Hall Berk/DeMarzo • Corporate Finance‚ Second Edition 16-3. b. 36 4.5 c. 81 18 203 8 million shares $4.5 / share When a firm defaults on its debt‚ debt holders often receive less than 50% of the amount they are owed. Is the difference between the amount debt holders are
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CHAPTER 1 1-0 Introduction to Corporate Finance GOALS AND GOVERNANCE OF THE CORPORATION This chapter introduces the corporation‚ its goals‚ and the roles of financial managers. Number of Firms in the U.S. Size of Payroll (000s) Corporation 1.011.9 73 1.292.0 81 622.908 2.584.4 27 SCorporation Partnership $1.068.232.09 5 $2.808.013.07 9 $479.673.700 $149.121.474 Source: U.S. Census 2008 SUSB Annual Data 1-1 WHAT IS A CORPORATION? Corporation-A business organized as a separate legal
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