Tài liệu Corporate finance Part 1- Chapter 1 ppt

... expenses (12 0,000) (79,800) (14 ,964) — — Earnings before tax 450,000 624,200 503, 616 306 ,17 8 212 ,855 Tax (14 8,500) (205,986) (16 6 ,19 3) (10 1,039) (70,242) Earnings After Tax (EAT) 3 01, 500 418 , 214 337,423 ... the two breakeven measures are: Breakeven volume 21, 500 21, 154 20,907 21, 194 20,649 Breakeven revenues 1, 290,000 1, 243,846 1, 204,739 1, 196,834 1, 142,736 A bette...

Ngày tải lên: 24/12/2013, 02:17

... þ9.2 Greece 19 87 19 94 12 9 þ 51. 7 Hong Kong 19 80 19 96 334 15 .9 India 19 92 19 94 386 þ72.3 Indonesia 19 89 19 94 10 6 15 .1 Israel 19 93 19 94 28 þ4.5 Italy 19 85 19 98 13 5 þ20.3 Japan 19 70 19 96 975 þ24.0 19 89 19 95 ... underpricing (%) Australia 19 76 19 94 328 15 .2 Austria 19 84 19 96 67 þ6.5 Belgium 19 84 19 90 28 10 .1 Brazil 19 79 19 92 66 þ74 .1 Canada 19 7...

Ngày tải lên: 24/12/2013, 02:17

... cross-listings: Evidence from depositary receipts, Journal of Financial Economics, 51, 10 3 12 3, January 19 99. 8 71 Chapter 41 Choice of corporate structure E XERCISES A NSWERS B IBLIOGRAPHY P. Dussauge, B. ... decision and the development of financial markets, Journal of Finance, 54(3), 10 45 10 82, June 19 99. 872 Valuation and financial engineering Chapter 42 Taking control o...

Ngày tải lên: 24/12/2013, 02:17

... of Corporate Treasurers: www.treasurers.org General: J. Graham, C. Harvey, The theory and practice of corporate finance: Evidence from the field, Journal of Financial Economics, 60(2–3), 17 9 18 5, ... implications of corporate cash holdings, Journal of Financial Economics, 52, 3–46, 19 99. 955 Chapter 46 Managing cash flows S UMMARY @ download B IBLIOGRAPHY We will also cover a pa...

Ngày tải lên: 24/12/2013, 02:17

... 0 25 33.3 50 66.7 75 10 0 ðr AL;P Þ (%) 10 .0 10 .3 10 .7 11 .8 13 .3 14 .2 17 .0 Hence, a portfolio consisting of 50% Air Liquide and 50% Philips has a standard deviation of 11 .8% or less than the ... consumer 0.26 0 .12 0. 21 0.08 1 0.25 0.27 0.63 À0.66 À0.90 goods Cyclical services 0.36 0.58 0. 91 0.50 0.25 1 0. 91 0.56 À0.58 À0. 81 Noncyclical services 0.39 0.32 0.88 0...

Ngày tải lên: 24/12/2013, 02:17

... period 1 100 10 0 200 20 8 12 2 10 11 0 2 11 0 14 0 250 25 12 13 1 12 12 2 3 12 2 19 0 312 28 17 11 0 11 13 3 4 13 3 258 3 91 31 26 5 0 5 13 8 5 13 8 350 488 34 35 10 1 137 6 13 7 474 611 43 47 À40À4 13 3 M. ... end of period equity of period 1 100 15 15 .0% 5 10 11 0 ( 10 .0%) 2 11 0 18 16 .4% 6 12 12 2 (þ20%) (þ20%) ( 10 .9%) 3 12 2 21. 6 17 .7% 7.2...

Ngày tải lên: 24/12/2013, 02:17

... (by function) 2005 2006 2007 Sales 13 2 14 4 14 4 À Cost of sales 11 6 12 6 12 6 ¼ Operating income 16 18 18 À Interest expense 1. 9 1. 5 1. 1 ¼ Net income 14 .1 16.5 16 .9 70 Fundamental concepts in financial ... inflows Sales 12 12 12 12 12 12 12 12 96 14 4 14 4 Operating outflows À Purchases 84444444 4404848 À Personnel costs 44444444444 4484848 À Shipping 22222222...

Ngày tải lên: 14/12/2013, 15:15

... ACCOUNTS 19 99 2000 20 01 2002 2003 C ¼ m%C ¼ m% C ¼ m%C ¼ m% C ¼ m% NET SALES 23, 516 10 0 24 ,19 1 10 0 25, 310 10 0 15 , 914 10 0 12 ,853 10 0 À Cost of sales 13 ,742 58.4 13 ,16 8 54.4 18 ,074 71. 4 10 ,768 67.7 ... 5.4 1, 355 5.4 1, 015 6.4 687 5.3 administrative costs À Research and 3, 616 15 .4 3, 815 15 .8 4,705 18 .6 2,8 81 18 .1 2,377 18 .5 development costs þ=À...

Ngày tải lên: 24/12/2013, 02:17

... Flotation 15 3 Mark Gibson, Lee Crowder 4.5 Public-to-Private Transactions are Here to Stay 16 3 Charles Milner, KPMG Corporate Finance Part Five: Mergers and Acquisitions 16 9 5 .1 Buying a Business 17 1 David ... Emms, Lee Crowder Part Four: Public Equity 11 3 4 .1 Flotation 11 5 Gary Peters, Old Mutual Securities 4.2 Public Equity Markets 13 7 Jonathan Reuvid 4.3 Taxatio...

Ngày tải lên: 14/12/2013, 15:15

... against payment. Assuming that full sets Finance for Foreign Trade 57 2 .1 Structured Finance John Bagley NMB-Heller Introduction Traditionally, corporate finance was the domain of a company’s bankers, ... structured business finance provides is highly attractive to the corporate finance team involved in arranging the overall deal. Structured business finance can provide a so...

Ngày tải lên: 14/12/2013, 15:15