'Agency problems ' presentation slideshows

Payout Policy

Chapter 17. Payout Policy. Chapter Outline. 17.1 Cash Distributions to Shareholders 17.2 Dividends Versus Share Repurchase in a Perfect Capital Market 17.3 The Tax Disadvantage of Dividends 17.4 Payout Versus Retention of Cash 17.5 Signaling with Payout Policy

1.58k views • 113 slides

Getting Started: Principles of Finance

Getting Started: Principles of Finance. Chapter 1. Slide Contents. Learning Objectives Introduction Finance: An Overview Three Types of Business Organizations The Goal of the Financial Manager The Four Basic Principles of Finance Key Terms. Learning Objectives.

649 views • 49 slides

The Structural Agency Solution to Determine Going Concern Status

The Structural Agency Solution to Determine Going Concern Status . ??? ??? 2009/05/22. Outline. Introduction Structural Agency Problem The Agency Cost The Going Concern Decision Case Study: Lucent Technologies Inc. Conclusion . Introduction.

520 views • 40 slides

Strategic Management: Concepts and Cases 9e

Strategic Management: Concepts and Cases 9e. Part III: Strategic Actions: Strategy Implementation Chapter 10: Corporate Governance. The Strategic Management Process. Chapter 10: Corporate Governance (CG). Overview: Seven content areas

828 views • 39 slides

The Investment Equation

By effectively setting the rate at which people borrow and lend in financial markets, the Fed exerts a substantial influence on the level of economic activity in the short run The IS curve captures the relationship between real interest rates and output in the short run

437 views • 33 slides

Why Do Banks Exist?

Why Do Banks Exist?. Minimize Transactions Costs. Minimize Transactions Costs. While borrowers and savers might seek each other out and strike deals without going through intermediaries, traditional banking theory says this will be a groping, inefficient process .

959 views • 33 slides

Thorsten Beck Chen Lin Yue Ma

Why Do Firms Evade Taxes? The Role of Information Sharing and Financial Sector Outreach The Journal of Finance. Thorsten Beck Chen Lin Yue Ma. Motivation. Financial deepening is pro-growth This literature is based on macro indicators and aggregate data

450 views • 29 slides

Options and Corporate Finance

Options and Corporate Finance. Key Concepts and Skills. Understand the options terminology Be able to determine option payoffs and pricing bounds Understand the five major determinants of option value Understand employee stock options Understand the various managerial options

744 views • 27 slides

Special considerations regarding the development of cost models in small countries

342 views • 24 slides

Chapter1.

Chapter1. Introduction to Corporate Finance ???. The financial manager has three main tasks:. Make investment decisions, Make financing decisions, and Manage cash flow from operating activities. Maximize the Value of the Firm.

458 views • 23 slides

Mergers & Acquisitions

Mergers & Acquisitions. Prof. Ian Giddy New York University. Mergers and Acquisitions. Mergers & Acquisitions Divestitures Valuation Concept: Is a division or firm worth more within the company, or outside it?. Corporate Finance. CORPORATE FINANCE DECISONS. INVESTMENT. FINANCING.

848 views • 18 slides

? 2005 South-Western Publishing

Managerial Economics Applications, Strategy, and Tactics, 10 th Edition by McGuigan, Moyer, & Harris PowerPoint Lecture Slides prepared by Richard D. Marcus University of Wisconsin - Milwaukee. ? 2005 South-Western Publishing. Chapter 1. Introduction Structure of Decision Models

514 views • 18 slides

General Electric

461 views • 18 slides

Principle of Interest-Pay-Say in Community-Based Environmental Management

Principle of Interest-Pay-Say in Community-Based Environmental Management. Daigee Shaw President Chung-Hua Institution for Economic Research Taipei, Taiwan. Outline. CBEM. Equal Participation. Interest-Pay-Say. Conclusion. Outline. Challenges of community based environmental management

271 views • 15 slides

DIVERSIFICATION: Horizontal Expansion

DIVERSIFICATION: Horizontal Expansion. Three Dimensions of Corporate Strategy. Business Diversification Vertical Integration Geographic/global Expansion. Extent of Corporate Diversification: Firms vary by Degree of Diversification. Low Levels of Diversification

501 views • 13 slides

Self-Interests & The Agency Problem

Self-Interests & The Agency Problem. RECAP: What Do We Know So Far?. Human nature, in general, can be best described by the REMM model: We are resourceful, evaluative, and seek to enjoy the highest level of value possible (I.e., we are utilitiy maximizers) (Jensen and Meckling, 1994)

301 views • 13 slides

Multinational Financial Management: An Overview

1. Multinational Financial Management: An Overview. Chapter Objectives This chapter will: Identify the management goal and organizational structure of the Multinational Corporation (MNC). Describe the key theories that justify international business

500 views • 12 slides

Escalation of Commitment: Is Success Really Just Around the Corner?

Escalation of Commitment: Is Success Really Just Around the Corner?. Special Topics Lecture Jeremy Woods University of Cincinnati. MHR 318 Course Objectives.

787 views • 11 slides

Corporate Governance and Bank Diversification

Corporate Governance and Bank Diversification. Authors: Hsin -Yu Liang, I- Ju Chen and Sheng-Syan Chen Discussant: Chak Wong. Major contributions. Investigate and contrast the effects of corporate governance structures on specialized and diversified banks.

205 views • 10 slides

Change Management

Change Management. Prof. Steve Phelan Lecture 6. Today. Awareness of Change Meeting the challenge of disruptive change (2000) Motorola: The Next Generation (2000) LMZ Chs10-12 Schein, Intergroup problems in organizations (1980) Schein, Organizational Culture (1990)

231 views • 10 slides