LECTURE1

LECTURE1 - Lecture 1 Lecture 1 What is the Corporate...

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Unformatted text preview: Lecture 1 Lecture 1 What is the Corporate Finance? What is the Corporate Finance? Distinct legal entity Distinct legal entity acquire and exchange property enter into contracts sue and be sued expensive to form : need articles of incorporation & by laws What is Corporate Finance? Corporation The study of investment decisions by corporations and ways the investment is financed Capital budgeting : real investment decision Capital structure : financial instruments used to finance investments Decisions of investors Key features of corporation Double taxation corporate income tax on corporate income personal income tax on dividend income Potential separation of ownership from management easy ownership transfer unlimited life of corporation limited liability of shareholders Corporate Finance Ownership shared by many individuals Hyp erthet ical Orga nization Cha rt for a Cor porat ion Cash manage r Credit manag er Capital expenditures Financial planning Tresurer Tax manage r Cost accounting manage...
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LECTURE1 - Lecture 1 Lecture 1 What is the Corporate...

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