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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First of all ‚ I’d like to define the Random walk hypothesis ‚ since it’s consistent with the Efficient Market Hypothesis : Random walk hypothesis is a financial theory stating that stock market prices evolve according to a random walk and thus cannot be predicted ‚ it indicates that the market and stocks could be just as random as flipping a coin ‚ and there is no correlation between past results and the present ones . However ‚ Martin Weber (behaviorist) ‚ Professor Andrew W. Lo ‚ and Professor
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questions you must answer to 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
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introduction to business finance When you start up in business you will need finance. Should you use your own money‚ borrow from family and friends‚ or go straight to the bank? What about invoice financing and factoring? Do you want a business angel? Understand the different forms of borrowing and choose the best financial option for your business. how much do you need? To work this out you need a business plan. The business plan will help you work out your financial needs‚ including the initial
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Personal Finance Youyun Zhou Robyn Canners National University November 12‚ 2012 Personal Finance With the development of the society‚ more and more people realize the important of personal finance. However‚ people are not familiar with personal finance. Although they know what they can do‚ they don ’t know the details of the personal finance. Many people who like to buy anything they don ’t know how to control the reword. When the day reaches the half of the month‚ they suddenly find
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Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example‚ profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. Internal
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The Discourse of Mill and Nietzsche‚ Can Mill Overcome While it appears‚ on the outside‚ that John Stewart Mill contradicts Nietzsche’s idea that the mind serves deeper than our inner human drive‚ however‚ the story of Mills life seems to actually confirm itself. You see‚ Nietzsche believes that your instincts define who you are and if you go through life using your brain making all your decisions for you‚ you aren’t being true to who you really are. Nietzsche talked about how Socrates uses reason
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Lecture 2‚ The Pillars of Finance Lecture two was about how capital is allocated in three different groups (households‚ companies and government)‚ more information about General Equilibrium Theory and The Efficient Market Hypothesis. Lecture two also introduces the three pillars of finance. Capital is allocated to company which purchase example new machinery or new place‚ to households who want’s loan to buy a new house and to government who wish to undertake higher current and capital expenditures
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Monster‚ by Walter Dean Myers‚ is about a 16 year old Harlem boy named Steve Harmon. Steve gets tried for murder in a court of law because he supposedly was involved in the burglary/shooting of Mr. Nesbit‚ the convenience store clerk on December 22. Steve is wrongfully arrested‚ and spends time in jail awaiting his verdict‚ which he is found innocent for after a long trial. While in prison‚ Steve put his time to good use and wrote a play word for word based on his trial. This book falls under the
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The Myers-Briggs Type Indicator assessment is a list of questions that are designed to measure psychological preferences in how they perceive the world and how they make decisions. These preferences were first described by Carl Jung and published in his book Psychological Types. Jung speculated four principal psychological functions by which we experience the world inlcuding: sensation‚ intuition‚ feeling‚ and thinking. Out of these four conditions‚ one is dominant most of the time. I took the
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