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Table Of Contents

1.1 Financial Objectives and Shareholder Wealth
1.3 The Investment and Finance Decision
1.4 Decision Structures and Corporate Governance
1.5 The Developing Finance Function
1.7 Perfect Markets and the Separation Theorem
1.8 Summary and Conclusions
1.9 Selected References
2.1 The Role of Capital Budgeting
2.2 Liquidity, Profitability and Present Value
2.3 The Internal Rate of Return (IRR)
2.4 The Inadequacies of IRR and the Case for NPV
2.5 Summary and Conclusions
3.1 Ranking and Acceptance Under IRR and NPV
3.2 The Incremental IRR
3.3 Capital Rationing, Project Divisibility and NPV
3.4 Relevant Cash Flows and Working Capital
3.5 Capital Budgeting and Taxation
3.6 NPV and Purchasing Power Risk
3.7 Summary and Conclusions
4.1 Dysfunctional Risk Methodologies
4.2 Decision Trees, Sensitivity and Computers
4.3 Mean-Variance Methodology
4.4 Mean-Variance Analyses
4.5 The Mean-Variance Paradox
4.6 Summary and Conclusions
4.7 Reference
5.1 The Capitalisation Concept
5.2 Single-Period Dividend Valuation
5.3 Finite Dividend Valuation
5.5 Constant Dividend Valuation
5.6 The Dividend Yield and Corporate Cost of Equity
5.8 Capital Growth and the Cost of Equity
5.9 Growth Estimates and the Cut-Off Rate
5.10 Earnings Valuation and the Cut-Off Rate
5.11 Summary and Conclusions
5.12 Selected References
6.1 Capital Gearing (Leverage): An Introduction
6.2 The Value of Debt Capital and Capital Cost
6.3 The Tax-Deductibility of Debt
6.4 The Impact of Issue Costs
6.5 Summary and Conclusions
7.1 The Weighted Average Cost of Capital (WACC)
7.2 WACC Assumptions
7.3 The Real-World Problems of WACC Estimation
7.4 Summary and Conclusions
7.5 Selected Reference
8.1 The Concept of Economic Value Added (EVA)
8.2 The Concept of Market Value Added (MVA)
8.4 EVA and Periodic MVA
8.5 NPV Maximisation, Value Added and Wealth
8.6 Summary and Conclusions
8.7 Selected References
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Strategic Financial Management

Strategic Financial Management

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Published by didier_prosper

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Published by: didier_prosper on Oct 07, 2010
Copyright:Attribution Non-commercial


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