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Debt policy in a perfect capital market how capital

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Unformatted text preview: firm value? Debt policy in a perfect capital market How capital structure affects the beta measure of risk How capital structure affects company cost of capital Capital structure theory when markets are imperfect Introducing corporate taxes and cost of financial distress The Trade-off theory of capital structure The pecking order theory of capital structure A final word on Weighted Average Cost of Capital Dividend policy Dividend payments in practise Stock repurchases in practise How companies decide on the dividend policy Do the firm’s dividend policy affect firm value? Why dividend policy may increase firm value Why dividend policy may decrease firm value 56 56 56 57 57 57 61 62 62 63 64 66 66 69 69 69 70 71 72 73 9. 9.1 9.2 9.3 9.3.1 9.3.2 Options Option value What determines option value? Option pricing Binominal method of option pricing Black-Scholes’ Model of option pricing 74 75 77 79 81 84 Please click the advert Corporate Finance Download free ebooks at bookboon.com 6 Corporate Finan...
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