Subject: Corporate Finance (3 credits) Reference book: 1. Essentials of managerial Finance: Harcourt College 2000 2. Fundamentals of financial management: Mc Graw Hill 2007 Chapter 01: An overview of Finance What is finance? Finance is concerned with decisions about money (cash flows) Finance decisions deal with how money is raised and used Everything else being equal: * More vale is preferred to less * The sooner cash is received the more value it has * Less risky
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Euntrepreneurial Finance Lecture 1: Ventures: ( new projects/ ideas that make it extremely difficult to attract financing since it’s a new product by eutreprenures with no data and history to back up that they will return or make profit or even successfully launch the product) It is an alternative asset! Lack of tangible assets‚ expecting negative earnings and have uncertain prospects. Traditional assets: publically traded shares‚ bonds‚ foreign exchanges‚ commodities‚ real estate.
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6 Company’s growth rate 12 2.5.7 Some other arguments about Harvey Norman 12 2.6 Evidence of financial distress 13 2.7 Optimal Capital Structure 14 3. Dividend Policy 15 3.1 HVN’s Dividend history 15 3.2 Competitors Dividend Analysis 16 3.2.1 David Jones Limited (DJS) 16 3.2.2 JB HI-FI Limited (JBH) 17 3.2.3 Comparison 17 3.3 Alternatives of Paying Dividends 18 3.4 Company’s Characteristics 19 3.5 Optimal Dividend Policy 19 4. Valuation 20
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published‚ through which we can critically analyse the company’s operational and financial conditions. There are numerous relationships between the figures published in the annual report‚ and ratios have been commonly used for conducting a quantitative analysis of these relationships (Atrill and McLaney‚ 2013). They are calculated by comparing the current year numbers (2011-12) with previous years (2010-11) and other companies. Hence‚ J Sainsbury plc (known as Sainsbury’s) is chosen since it is the major
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which the lender looks principally to the revenues expected to be generated by the project for the repayment of its loan and to the assets of the project as collateral for its loan rather than to the general credit of the project sponsor. "Project finance" is a method for obtaining commercial debt financing for the construction of a facility. Lenders look at the credit-worthiness of the facility to ensure debt repayment rather than at the assets of the developer/sponsor. Farm biogas projects have historically
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Corporate finance P. Frantz‚ R. Payne‚ J. Favilukis FN3092‚ 2790092 2011 Undergraduate study in Economics‚ Management‚ Finance and the Social Sciences This subject guide is for a Level 3 course (also known as a ‘300 course’) offered as part of the University of London International Programmes in Economics‚ Management‚ Finance and the Social Sciences. This is equivalent to Level 6 within the Framework for Higher Education Qualifications in England‚ Wales and Northern Ireland (FHEQ). For more
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Ethics in Finance John R. Boatright Loyola University Chicago At the present time‚ the field of finance ethics is barely formed. Although standard business ethics courses give some attention to ethical issues in finance‚ few finance departments include a treatment of ethics in their courses. Interest in finance ethics is growing‚ however‚ and many people in finance believe that ethics should receive some attention in finance education. In the development of any area of applied ethics‚ critical
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Strategic Corporate Finance Required Articles/Cases (Included in Harvard Course Pack) The following is a list of articles you will find when you register with HBR and purchase the Course Pack. Cost of Capital (CAPM‚ WACC): Case: Midland Energy Resources‚ Inc.: Cost of Capital (Brief Case)‚ Joel L. Heilprin‚ Timothy A. Luehrman (Product number: 4129-PDF-ENG) Accompanying Student Spreadsheet: Midland Energy Resources‚ Inc.: Cost of Capital‚ Spreadsheet for Students‚ Joel L. Heilprin‚ Timothy A. Luehrman
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production when a fortuitous meeting with Lucy Bellingham at a business conference led him to reconsider the future of the family farm. Bellingham is a designer of bespoke fitted kitchens who had a business plan but little capital. The plan was to manufacture top quality fitted kitchen furniture and establish design studios/showrooms in high income areas. Having recently sold his dairy herd‚ Arthur had enough capital to fund the new business and also a number of large barns and outbuildings suitable
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explain the U.S. financial system to DellaTorre. a. Why is corporate finance important to all managers? Corporate Finance is important to all managers because they are the ones who have to determine‚ assess‚ and mitigate/prevent risks that are financial in nature to the business. Every decision they make is affected by their ability to translate financial calculations into risks for the company. Without corporate finance‚ those managers will not be able to assist the company in garnering additional
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