American Finance Association Market Timing and Capital Structure Author(s): Malcolm Baker and Jeffrey Wurgler Source: The Journal of Finance‚ Vol. 57‚ No. 1 (Feb.‚ 2002)‚ pp. 1-32 Published by: Wiley for the American Finance Association Stable URL: http://www.jstor.org/stable/2697832 . Accessed: 08/09/2013 22:22 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a
Premium Finance Corporate finance Generally Accepted Accounting Principles
the organization. The results of a working capital analysis will assist in the determination of organization¡¦s ability to remain in a particular line of business. The primary focus of Team C¡¦s analysis of Wal-Mart‚ Inc is its current and future financial condition. The most imperative areas that are found in the Capital Structure Analysis Report fall into the following categories: Working Capital Management‚ Valuation and Investment‚ and Cost of Capital. The company¡¦s operational processes within
Premium Inventory Financial ratios Financial ratio
H.J. Heinz: Estimating the cost of capital in uncertain times 1. What is WACC? What is its purpose? 2. What were the yields on the two representative outstanding Heinz-debt issues as of the end of April 2010? What were they one year earlier? 3. What was the WACC for Heinz at the start of fiscal year 2010? What was the WACC one year earlier? Should you consider short-term debt? How reasonable are your interest rates for the firm? For the WACC? What is the market risk premium? What is Beta? How
Premium Stock Stock market Capital structure
decisions‚ the optimization of capital structure has a great influence on the performance of the companies‚ for a reasonable capital structure can decrease the financing cost‚ take advantage of the financial leverage and play an important role in corporation governance. Given the importance of capital structure‚ this essay will firstly discuss the ways that capital structure affects corporation value‚ then it will introduce the influencing factors of capital structure and how to effectively manage
Premium Finance Weighted average cost of capital Economics
stores. Goff Computer‚ INC had $97 million in sales last year and wants to know what the cost of capital is. In order to answer this several steps have to be taken which include comparing the company to Dell and how they work. Dell is a major computer company and they build the computers to fit the customer’s needs and demands. The task at hand for Goff Computer ‚ INC is to determine its cost of capital. There are several steps that must be done to get to the end result. Step 1 gives directions
Premium Finance Question Corporate finance
4. ANALYSIS OF TESCO’S FINANCIAL PERFORMANCE AND CAPITAL STRCUTURE In this chapter‚ a brief review of Tesco’s financial performance will be given and‚ meanwhile‚ its current capital structure will be discussed. Moreover‚ factors of significant influence on the company’s capital structure are identified. Also‚ some recommendations on the company’s strategic development and optimal capital structure are suggested. As a good example of the UK’s supermarket chain‚ it is believed that the implication
Premium Supermarket Wal-Mart Hypermarket
Case Study: Radio One‚ Inc. - Part A Corporate Valuation Date: 21-09-2009 Instructor: Dr. Oliver Spalt Course: 323058 Corporate Valuation Faculty Economics and Business Administration‚ Tilburg University P.W. Segers J.J.T.M. Zegers 779710 722085 1. Radio One’s opportunities and risks with respect to their acquisition policy We have identified four main benefits and five major risks with respect to the desired acquisition of 12 urban stations along with the nine stations in Charlotte
Premium Free cash flow Cash flow Discounted cash flow
2005‚ and the European region’s contribution has been steadily increased to 9.1% in 2005 from 7.2% in 2003. CAPITAL STRUCTURE Capital structure refers to the sources and division of
Premium Weighted average cost of capital Stock
Siemens AG Financial Analysis Capital Structure and current financial situation 12/5/2012 Andon Pavlov‚ 296181 Company Review Siemens AG is a German multinational engineering and electronics conglomerate company headquartered in Munich‚ Germany. It is the largest Europe-based electronics and electrical engineering company. Siemens’ principal activities are in the fields of industry‚ energy‚ transportation and healthcare. It is organized into five main divisions: Industry‚ Energy‚ Healthcare
Premium Asset Revenue Balance sheet
..........................................................................................................................3 History of Home Depot…………………………………………………………………………....4 Business risks related to capital structure…………………………………………………………5 Financial risk related to capital structure………………………………………………………….5 Home Depots Financial Status………….…………………………………………………............6 Future and Flexibility of Home Depot….…………………………………………………………7 Conclusion………………………………………………………………………………………...8 References…………………………………………………………………………………………9
Premium Finance Bank Investment