金融学第二版讲义大纲及课后习题答案详解十六章.docxVIP

CHAPTER 16 CAPITAL STRUCTURE Objectives To understand how a firm can create value through its financing decisions. To show how to take account of a firm s financing mix in evaluating inv estme nt decisi ons. Outline In ternal versus Exter nal Financing Equity Financing Debt Finan ci ng The Irrelevance of Capital Structure in a Frictionless Environment Creati ng Value through Financing Decisi ons Reduci ng Costs Dealing with Conflicts of Interest Creat ing New Opport un ities for Stakeholders Financing Decisi ons in Practice How to Evaluate Levered Inv estme nts Summary Exter nal financing sub