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Financial Instruments
Portfolio Analysis
Corporate Finance
European Integration
Accessories
Lecturer's Notes No. 1 (.doc, 0.56 MB)
Capital structure (Modigliani-Miller propositions, weighted average cost of capital, levered recapitalisation, equity dilution). Debt and taxes (tax shield, WACC with taxes, personal tax). Imputation system. Financial distress (limited liability, agency costs of leverage, agency benefits of leverage). Payout policy (dividend days, share repurchase, irrelevance of payout policy, effective dividend tax rate, signalling with payout policy, stock dividend). ... and more
Lecturer's Notes No. 2 (.doc, 0.27 MB)
Equity financing (sources of funding, initial public offering, rights offer). Debt financing (classification of debt, call provision, sinking fund, convertible bond). Leasing (operational and capital lease, reasons for leasing, lease-equivalent loan). Short-term financing (net working capital, operating cycle, trade credit, accounts receivable and payable, factoring, bank loans). Baumol model of inventory management. Cash management. ... and more
Lecturer's Notes No. 3 (.doc, 0.33 MB)
Mergers and acquisitions (reasons to acquire, acquisition premium, free rider problem, leveraged buyout, stock-swap transaction, merger arbitrage, takeover defences). Capital budgeting (incremental free cash flow, weighted-average-cost-of-capital method, adjusted-present-value method, flow-to-equity method, assessing uncertainty). Real options (decision tree, waiting option, growth option, abandonment option). ... and more