Y2 - Corporate Finance

34documenten
26tentamens

Lectures

Week 3

Erasmus Universiteit · International Business Administration

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Lecture 4: Limits to the use of debt
Summary of MM propositions without taxes
Trade-off theory
Costs of financial distress
Lecture 5: limits to the use of debt
Agency costs
Taking on high risk projects
Underinvesting
Essence of the trade-off theory
The pecking order theory
Adverse selection and equity issuance
Implications of the pecking order theory
Towards a dynamic trade-off theory

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