Chapter 35 Principles PrinciplesofCorporateFinance Ninth Edition Conclusion: What We Do And Do Not Know About Finance Slides by Matthew Will Copyright.

Slides:



Advertisements
Similar presentations
Chapter 20 Understanding Options Principles of Corporate Finance
Advertisements

11- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
Principles of Corporate Finance
Chapter 8 Principles PrinciplesofCorporateFinance Tenth Edition Portfolio Theory and the Capital Asset Pricing Model Slides by Matthew Will Copyright ©
 Risk and Return Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will Chapter 8 © The McGraw-Hill Companies, Inc., 2000.
Chapter 8 Principles of Corporate Finance Eighth Edition Risk and Return Slides by Matthew Will Copyright © 2006 by The McGraw-Hill Companies, Inc. All.
 Financial Analysis and Planning Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will Chapter 28 © The McGraw-Hill Companies,
An Overview of Corporate Financing Principles of Corporate Finance Seventh Edition Richard A. Brealey Stewart C. Myers Slides by Matthew Will Chapter 14.
12- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
Value of Bonds and Common Stocks
Lecturer: Dr. Zvi Wiener  Finance and the Financial Manager Principles.
Chapter 9 Principles of Corporate Finance Eighth Edition Capital Budgeting and Risk Slides by Matthew Will Copyright © 2006 by The McGraw-Hill Companies,
 Finance and the Financial Manager Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will Chapter 1 © The McGraw-Hill.
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Return, Risk, and the Security Market Line Chapter Thirteen.
16- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
1- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
 Introduction to Risk, Return, and the Opportunity Cost of Capital Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will.
Credit Risk and the Value of Corporate Debt
19- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
Chapter 2 Present Value and The Opportunity Cost of Capital
Chapter 13 Principles PrinciplesofCorporateFinance Tenth Edition Efficient Markets and Behavioral Finance Slides by Matthew Will Copyright © 2010 by The.
 Conclusion: What We Do and Do Not Know about Finance Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will Chapter 35.
Chapter 26 Principles PrinciplesofCorporateFinance Ninth Edition Leasing Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies, Inc. All.
Chapter 21 Principles PrinciplesofCorporateFinance Ninth Edition Understanding Options Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies,
Chapter 15 Principles PrinciplesofCorporateFinance Tenth Edition How Corporations Issue Securities Slides by Matthew Will Copyright © 2010 by The McGraw-Hill.
Does Debt Policy Matter ? Principles of Corporate Finance Seventh Edition Richard A. Brealey Stewart C. Myers Slides by Matthew Will Chapter 17 McGraw.
Chapter 18 Principles PrinciplesofCorporateFinance Tenth Edition How Much Should A Corporation Borrow? Slides by Matthew Will Copyright © 2010 by The McGraw-Hill.
Chapter 28 Financial Analysis Principles of Corporate Finance
Chapter 20 Principles PrinciplesofCorporateFinance Ninth Edition Financing and Valuation Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies,
Portfolio Theory and the Capital Asset Model Pricing
4- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
Chapter 19 Principles PrinciplesofCorporateFinance Tenth Edition Financing and Valuation Slides by Matthew Will Copyright © 2010 by The McGraw-Hill Companies,
Warrants and Convertibles Principles of Corporate Finance Seventh Edition Richard A. Brealey Stewart C. Myers Slides by Matthew Will Chapter 23 McGraw.
7- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Sixth Edition Richard.
Chapter 11 Principles PrinciplesofCorporateFinance Tenth Edition Investment, Strategy, and Economic Rents Slides by Matthew Will Copyright © 2010 by The.
Chapter 2 Financial Markets and Institutions
Chapter 17 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.
Principles of Corporate Finance Sixth Edition Richard A. Brealey Stewart C. Myers Lu Yurong Chapter 8 McGraw Hill/Irwin Risk and Return.
Chapter 11 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.
Chapter 4 Principles of Corporate Finance Eighth Edition Value of Bond and Common Stocks Slides by Matthew Will Copyright © 2006 by The McGraw-Hill Companies,
Chapter 29 Principles PrinciplesofCorporateFinance Ninth Edition Financial Analysis and Planning Slides by Matthew Will Copyright © 2008 by The McGraw-Hill.
Chapter 31 Principles PrinciplesofCorporateFinance Ninth Edition Short Term Financial PLanning Slides by Matthew Will Copyright © 2008 by The McGraw-Hill.
Chapter 8 Principles PrinciplesofCorporateFinance Ninth Edition Introduction to Risk, Return, and The Opportunity Cost of Capital Slides by Matthew Will.
Principles of Corporate Finance Sixth Edition Richard A. Brealey Stewart C. Myers Lu Yurong Chapter 9 McGraw Hill/Irwin Capital Budgeting and Risk.
2- 1 Chapter Approach  Chapter 2  Financial Markets  Road to success with this chapter material Read Chapter 2 first Print the chapter handout Take.
Chapter 1 Principles PrinciplesofCorporateFinance Ninth Edition Finance and The Financial Manager Slides by Matthew Will Copyright © 2008 by The McGraw-Hill.
1- 1 CURRICULUM  Introduction: goal of the firm  Financial markets and institutions, accounting and finance  Measuring corporate performance  Long-term.
Chapter 29 Principles PrinciplesofCorporateFinance Ninth Edition Financial Analysis and Planning Slides by Matthew Will Copyright © 2008 by The McGraw-Hill.
16- 1 McGraw Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved Fundamentals of Corporate Finance Chapter 16 McGraw Hill/Irwin.
Chapter 17 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.
Chapter 8 Principles PrinciplesofCorporateFinance Ninth Edition Introduction to Risk, Return, and The Opportunity Cost of Capital Slides by Matthew Will.
Chapter 2 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.
Chapter 14 Principles PrinciplesofCorporateFinance Tenth Edition An Overview of Corporate Financing Slides by Matthew Will Copyright © 2010 by The McGraw-Hill.
Chapter 5 Principles PrinciplesofCorporateFinance Ninth Edition The Value of Common Stocks Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies,
Chapter 5 Principles PrinciplesofCorporateFinance Concise Edition The Value of Common Stocks Slides by Matthew Will Copyright © 2009 by The McGraw-Hill.
Chapter 33 Principles PrinciplesofCorporateFinance Ninth Edition Corporate Restructuring Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies,
Chapter 26 Principles PrinciplesofCorporateFinance Ninth Edition Leasing Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies, Inc. All.
Does Debt Policy Matter?
Financing and Valuation
Chapter 4 The Value of Common Stocks Principles of Corporate Finance
Corporate Restructuring
Introduction to Risk, Return, and the Opportunity Cost of Capital
Present Value, The Objectives of The Firm, and Corporate Governance
Present Value, The Objectives of The Firm, and Corporate Governance
Corporate Finance, Concise Risk and the Cost of Capital
Corporate Finance, Concise
Portfolio Theory and the Capital Asset Pricing Model
Financing and Valuation
Introduction to Risk & Return
Chapter 28 Financial Analysis Principles of Corporate Finance
Presentation transcript:

Chapter 35 Principles PrinciplesofCorporateFinance Ninth Edition Conclusion: What We Do And Do Not Know About Finance Slides by Matthew Will Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved McGraw Hill/Irwin

1- 2 Topics Covered  What We Do Know –The Seven Most Important Ideas in Finance  What We Do Not Know –10 Unsolved Problems in Finance  A Final Word

Most Important Ideas in Finance 1.Net Present Value 2.Capital Asset Pricing Model (CAPM) 3.Efficient Capital Markets 4.Value Additivity & Law Conservation of Value 5.Capital Structure Theory 6.Option Theory 7.Agency Theory

Unsolved Problems In Finance 1.What determines project risk and present value? 2.Risk and return - what have we missed? 3.How important are the exceptions to the efficient market theory? 4.Is management an off-balance-sheet liability? 5.How can we explain the success of new securities and new markets?

Unsolved Problems In Finance 6.How can we resolve the payout controversy? 7.What risks should a firm take? 8.What is the value of liquidity? 9.How can we explain merger waves? 10.How can we explain international differences in financial architecture?