Lectures
Week 3
Universiteit van Amsterdam · Economics and Business Economics
Y2 - Finance 2Inhoud
De koppen uit dit document, op volgorde. Niet de inhoud zelf.
- Lecture 3A
- Consider financial distress
- Determinants of the Present Value of Financial Distress Costs
- Real world even more complicated: costs of financial distress
- Costs of distress and insolvency
- Optimal capital structure with taxes and distress costs
- The Agency Costs of Leverage
- Lecture 3B
- Ways of mitigating agency costs: Debt Maturity and Covenants
- Asymmetric Information and Adverse Selection
- Adverse Selection leads to lemons...
- Asymmetric information/mispricing - Conclusion
- Issuing equity is negative signal....
- How Do Firms Choose their Source of Financing? Pecking order!
- Conclusion: Financial decisions matter because of imperfections...
Samen studeert beter
Lees het volledige document
Log in met een gratis account om dit document te lezen.
