'Bankruptcy costs' diaporamas de présentation

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Financial Leverage and Capital Structure

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Chapter 13

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Capital Structure Refers to the mix of debt and equity that a company uses to finance its business

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FINA 4330

FINA 4330. Fall, 2010 The Static Tradeoff Theory of Capital Structure Lecture 22. Static Tradeoff Theorem. Costs of Financial Distress Potential Bankruptcy Costs Underinvestment Risk Shifting Agency Costs. General Approach. Assume: No Taxes Single period Cost of Capital = 10%.

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FINA 4330

FINA 4330. Fall, 2010 The Static Tradeoff Theory of Capital Structure Lecture 22. Static Tradeoff Theorem. Costs of Financial Distress Potential Bankruptcy Costs Underinvestment Risk Shifting Agency Costs. General Approach. Assume: No Taxes Single period Cost of Capital = 10%.

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Financial Risk Management

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