The Effect Of Leverage On The Weighted Average Cost Of Capital
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Author | : Harry Markowitz |
Publisher | : Yale University Press |
Total Pages | : 369 |
Release | : 2008-10-01 |
Genre | : Business & Economics |
ISBN | : 0300013728 |
Embracing finance, economics, operations research, and computers, this book applies modern techniques of analysis and computation to find combinations of securities that best meet the needs of private or institutional investors.
Author | : Tulsian P.C. & Tulsian Bharat |
Publisher | : S. Chand Publishing |
Total Pages | : |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 9352531345 |
This fifth edition of Tulsian's Financial Management is a contemporary and comprehensive treatise designed to provide a thorough understanding of the subject in a systematic manner. It integrates the latest trends and current practical applications in financial management. Designed as a self-study text with a to-the-point approach, this popular text is a useful resource for postgraduate students of management.
Author | : CA & Dr. P C Tulsian, Tushar Tulsian & CA Bharat Tulsian |
Publisher | : S. Chand Publishing |
Total Pages | : 1054 |
Release | : |
Genre | : Business & Economics |
ISBN | : 9355016417 |
This book meets the needs of the students of CA Intermediate (Group II) course for the subject Financial Management. It completely follows the syllabus issued by the Institute of Chartered Accountants of India. It serves as a self-study text and provides essential guidance for understanding of Financial Management and Financial Analysis; Financial Decisions; Capital Investment and Dividend Decisions; and Management of Working Capital. The book has been written in simple and lucid manner covering all the important equations, formulae, figures and practical steps in a systematic manner to aid students learning. Based on the author's proven approach teach yourself style, the book is replete with numerous illustrations, exhibits and solved problems.
Author | : Anat Admati |
Publisher | : Princeton University Press |
Total Pages | : 624 |
Release | : 2024-01-09 |
Genre | : Business & Economics |
ISBN | : 0691251703 |
A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.
Author | : Seth Armitage |
Publisher | : Cambridge University Press |
Total Pages | : 380 |
Release | : 2005-03-17 |
Genre | : Business & Economics |
ISBN | : 9780521000444 |
A thorough exposition of the theory relating to the cost of capital.
Author | : Tulsian P.C. & Tulsian Bharat |
Publisher | : S. Chand Publishing |
Total Pages | : 912 |
Release | : |
Genre | : Business & Economics |
ISBN | : 9352531736 |
This quick-revision text for Financial Management - CA-IPC (Group - I) is a supplement to the main textbook for Financial Management. It provides a means for quick text revision and self-assessment to students prior to examinations. The book helps reduce preparation time and reinforces students understanding by providing candidates with fully-solved chapter-wise scanner comprising CA professional examination problems with authentic solutions. Important formulae, theoretical questions, author's own revision test papers with answers and CA-IPC examination papers are given to help attempt the paper successfully.
Author | : Andrei Shleifer |
Publisher | : OUP Oxford |
Total Pages | : 295 |
Release | : 2000-03-09 |
Genre | : Business & Economics |
ISBN | : 0191606898 |
The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.
Author | : Mohamed Belkhir |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2019-12-04 |
Genre | : Business & Economics |
ISBN | : 1513519808 |
Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks’ cost of equity. Consistent with the theoretical prediction that more equity in the capital mix leads to a fall in firms’ costs of equity, we find that better capitalized banks enjoy lower equity costs. Our baseline estimations indicate that a 1 percentage point increase in a bank’s equity-to-assets ratio lowers its cost of equity by about 18 basis points. Our results also suggest that the form of capital that investors value the most is sheer equity capital; other forms of capital, such as Tier 2 regulatory capital, are less (or not at all) valued by investors. Additionally, our main finding that capital has a negative effect on banks’ cost of equity holds in both developed and developing countries. The results of this paper provide the missing evidence in the debate on the effects of higher capital requirements on banks’ funding costs.
Author | : Ronald W. Masulis |
Publisher | : |
Total Pages | : 168 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |
Author | : Raghavendra Rau |
Publisher | : Cambridge University Press |
Total Pages | : 196 |
Release | : 2017-01-11 |
Genre | : Business & Economics |
ISBN | : 1316984117 |
The Short Introduction to Corporate Finance provides an accessibly written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate-level courses to produce a lively discussion of the key concepts of finance, liberally illustrated with real-world examples. Built around six essential paradigms, he builds an integrated framework covering all the major ideas in finance over the past half-century. Ideal for students and practitioners alike, it will become core reading for anyone aspiring to become an effective manager.