Capital Structure and Debt Structure* Joshua D. Rauh Kellogg School of Management and NBER Amir Sufi University of Chicago Booth School of Business and NBER February 2010 *We thank Doug Diamond‚ Anil Kashyap‚ Gordon Phillips‚ Michael Roberts‚ Toni Whited‚ Luigi Zingales‚ and seminar participants at Emory University‚ Georgetown University‚ Maastricht University‚ Rice University‚ Tilburg University‚ the University of California-Berkeley‚ the University of Chicago‚ the University of Colorado
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FORE SCHOOL OF MANAGEMENT CORPORATE FINANCE Capital Structure in TATA Motors Course: PGDM Capital Structure in TATA Motors Corporate Finance ACKNOWLEDGEMENT The preparation of this project report was a multi-staged process and each stage involved contributions from various individuals and resources. We are greatly thankful to Dr. Himanshu Joshi‚ Lecturer in Corporate Finance who gave us an opportunity to work on this project. We express our profound sense of gratitude and veneration to you
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During the course of operations of any company‚ once the capital budgeting decisions have been made and proposals selected‚ the most important question before the finance manager is to arrange sufficient funds to finance them. Funds are also required to keep existing projects going on and the company can raise funds required for investment either by increasing the owners’ claims or the creditors’ claims or both. The claims of the owners increases when the company raises the funds by issuing equity
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you would read the topic theories of capital structure. Here‚ I have made these theories simplified. I hope‚ you can study these theories here and use these theories as reference. We all know that capital structure is combination of sources of funds in which we can include two main sources’ proportion. One is share capital and other is Debt. All four theories are just explaining the effect of changing the proportion of these sources on the overall cost of capital and total value of firm. If I have
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Influence of Capital Structure on Leverage of Cement Sector in Pakistan CONTACT NUMBERS: ACKNOWLEDGEMENT First of all we would like to thank Allah Almighty for granting us the capability and courage to work on this report with my best efforts‚ and for the patience and perseverance endowed by Him. We would also like to thank Mr. H. JAMAL ZUBAIRI for giving us the chance to work on this report and for his guidance‚ advice and examples during regular sessions which
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The electronic private automatic branch exchange (EPABX) is equipment that has made day-to-day working in the offices much simpler‚ especially in the area of communication. The EPABX may be defined as a switching system that makes available both internal and external stitching functions of any organisation. The selection of an EPBAX is a difficult task and requires deep knowledge of traffic pattern of the office. By using an EPABX both the internal and external needs of the organisation are
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Assignment: Capital Structure PART A 1. Apple Corporation has 2.5 million shares outstanding with a market value of $2.00 each (expected return = 16%) and debt with a market value of $1‚ 000‚000 and a return of 10% Required a. What is the return on the capital of Apple Corporation? [Show all workings and formulae) [7.5 marks] 2. Samsung generates pre-tax earnings of $2‚000‚000 per year. Currently it has issued 1 million shares which sell for $10 each. Samsung has no debt in
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Determinants of capital structure In finance‚ capital structure refers to the way a corporation finances its assets through some combination of equity‚ debt‚ or hybrid securities. A firm ’s capital structure is then the composition or ’structure ’ of its liabilities. Simply‚ capital structure refers to the mix of debt and equity used by a firm in financing its assets. The capital structure decision is one of the most important decisions made by financial management. The capital structure decision is
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prudent and sustainable funding sources‚ to add to their current funding mix. This is leading to a renewed interest in structured asset-backed financing solutions‚ designed to give treasurers the opportunity to rebalance and re-engineer their capital structures by offering well-priced‚ longer maturity alternatives. By securing a funding solution on the assets already owned by the company‚ or assets that will be essential to the business‚ it is possible to rebalance pricing models in a company’s favour
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Capital Budget Project HCS/571 November 26‚ 2012 Capital Budget Project Introduction The amount of money that can be borrowed has many entities and factors that influence the capital budget of the hospital (Cleverly‚ Song‚ & Cleverly). The Allen Pavilion of NY Presbyterian Hospital (NYPH) is projecting that the purchase of an MRI machine for their facility will be a venture worth pursuing. The growth and demand of the small community of
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