This research proposal is my original work. It has not been presented to any other university
or educational institution.
The research proposal has been submitted to the university with my approval as the u
TOTAL KENYA LTD.
Total Kenya Limited is part of the global Total Group, which is the fourth largest publicly traded
integrated international oil and gas company in the world with presence in over 100 countries.
Total Kenya Limited has been in existence in
Dividend policies involve decisions, whether To
retain earnings for capital investment and other
To distribute earnings in the form of dividend among
To retain some earning and to distrib
Theory and Policy
Capital Structure Relationship with
Value of the Firm
Traditional approach and Net income (NI)
Net operating income (NOI) approach.
MM hypothesis with and without corporate
Chapter - 4
Capital Market Efficiency
Efficient and perfect markets
What is a perfect market?
What is an efficient market?
Perfect market - xtics
Absence of factors inhibiting buying and selling, such as taxes,
All participants have t
The Cost of Capital
In capital budgeting, we have three main
Estimation of cashflow ( Mcom)
Estimation of the required rate of return cost of
Investment decision is made using the various criteria
NPV, IRR, PB, ARR, ( Financ
What is corporate Finance?
It is the field of finance dealing with financial decisions
that business enterprises make and the tools and
analysis used to make these decisions.
What is a corporation?
EAST AFRICAN BREWERIES LIMITED
NJERI HANNAH WANJIKU
Table of Contents
EAST AFRICAN BREWERIES.2
Capital structure theories.3
MM hypothesis under corporate taxes.5
MERGERS AND ACQUISITIONS
What is Corporate
Any change in a companys:
that is outside its ordinary course of
So where is the value coming