公司理财 第15章.pptVIP

Capital Structure: Limits to the Use of Debt Key Concepts and Skills Define the costs associated with bankruptcy Understand the theories that address the level of debt a firm carries Tradeoff Signaling Agency Cost Pecking Order Know real world factors that affect the debt to equity ratio Chapter Outline 15.1 Costs of Financial Distress 15.2 Can Costs of Debt Be Reduced? 15.3 Integration of Tax Effects and Financial Distress Costs 15.4 Signaling 15.5 Shirking, Perquisites, and Bad Investments: A Note on Agency Cost of Equity 15.6 The Pecking-Order Theory 15.7 Growth and the Debt-Equity