Weighted Average Cost of Capital(英文版)(ppt 40页)
所属分类：财务知识
文件大小：206 KB
下载要求：10 学币或VIP
点击下载
资料简介：
..............................
Weighted Average Cost of Capital(英文版)内容提要：
Factors in CS & CB Decision：
Bankruptcy Risk & Costs (previous slides)
Signaling Hypothesis
Bondholder Wealth Expropriation Theory
Agency Costs
Agency Problems in Capital Budgeting
Reduced effort
Perks
Empire building
Entrenching investment
Avoiding risk
Agency Incentive Issues
Monitoring - Reviewing the actions of managers and providing incentives to maximize shareholder value.
Free Rider Problem - When owners rely on the efforts of others to monitor the company.
Compensation - How to pay managers so as to reduce the cost and need for monitoring and to maximize shareholder value.
..............................
上一篇：Capital Budgeting & Risk(英文版)(ppt 4
精品资料网 m.cnshu.cn
Copyright © 2004- 粤ICP备10098620号-1
