其中解决forecasting risk的方法之一便是问“source of value”,即公司问自己,决定NPV的最主要因素是什么,这个因素是否可控。 以房地产项目为例子,已知建设一块地皮的项目NPV为正,决定项目的因素是公司能否竞标地块成功,那么竞标地块就是该项目的决定因素,在项目的决定性因素有极大的不确定性时,公司需要重新评估NPV的...
第六部分 new equity sales and the value of the firm 把目光放到SEO上,理论上只有当公司有新的NPV为正的项目时,才会进行额外融资,所以每一次SEO都会带来公司净值的提升,但是实际并非如此,大部分情况下,公司宣布SEO计划时,公司股价会下降。许多学者研究了这一现象,并提出了以下三点解释: 1.managerial information...
“Essentials of Managerial Finance,” By J. Fred Weston & Eugene F. Brigham, The Dryden Press: 9th ed. (1990), p. 564. “Dictionary Of Health Economics and Finance,” By David Edward Marcinko & Hope Rachel Hetico, Springer Publishing Company (2007), p. 359. “Corporate Finance,” By...
Business Accounting & Finance: Essentials of Financial Statement Analysis Skill Success 53 Lessons (3h) Lifetime $19.00Value An Introduction to Payroll Accounting Skill Success 10 Lessons (1h) Lifetime $19.00Value Tax Preparation (Part 1): Intro & Excel Tax Formula ...
doi:10.1108/eb013441ShawJ.C.Managerial FinanceShaw, J.C. (1980), "Internal audit - An essential element of good management", Managerial Finance, Vol. 5 No. 2.
F Ph.,L Dale - 《Managerial Finance》 被引量: 1发表: 1989年 Theoretical principles of digitalization of the treasury of Ukraine Relevance of the research topic. The development and mastering of modern computer systems and their software open up wide opportunities for the treasury service to incre...
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b. application of new knowledge by members of the organization c. acquisition of new knowledge by the organization d. diffusion of new knowledge to people who can use itLearning:Learning refers to the process of acquiring new skills and knowledge to bring innovation to the ...
1. An Overview of What You’re Getting Into a. ) Owning and Operating Your Own Business The Reality of Owning and Operating a Business Owning and operating a business presents a distinct set of challenges compared to traditional employment. ...
公司的财务杠杆水平会极大的影响偿付股权人的能力,但是并不会改变公司整体的cost of capital,意味着改变公司的capital structure不会影响公司的估值。 ①the impact of financial leverage(财务杠杆的影响) 前言:首先先无视杠杆的避税功能,观察财务杠杆对ROE,EPS的影响, ...