Thư viện tài liệu, ebook tổng hợp lớn nhất Việt Nam

Các công ty chứng khoán Thực hiện chức năng môi giới Thực thi giao dịch chứng khoán giữa hai bên. Thu phí dựa trên chênh lệch bid/ask Chức năng ngân hàng đầu tư Bảo lãnh các chứng khoán mới phát hành Chức năng tạo lập Các công ty chứng khoán tạo lập thị trường cho một số chứng khoán cụ thể dựa trên tài khoản của chính mình.

24 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1157 | Lượt tải: 1

The classification of a merger as friendly or hostile is from the perspective of the board of directors of the target company. A friendly merger is one in which the board negotiates and accepts an offer. A hostile merger is one in which the board of the target firm attempts to prevent the merger offer from being successful.

55 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1123 | Lượt tải: 1

The operating cycle is the length of time from when a company makes an investment in goods and services to the time it collects cash from its accounts receivable. The net operating cycle is the length of time from when a company makes an investment in goods and services, considering the company makes some of its purchases on credit, to the time it...

30 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1065 | Lượt tải: 1

The operating cycle is the length of time it takes a company’s investment in inventory to be collected in cash from customers. The net operating cycle (or the cash conversion cycle) is the length of time it takes for a company’s investment in inventory to generate cash, considering that some or all of the inventory is purchased using credit. The ...

32 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 930 | Lượt tải: 1

The separation of ownership and management in a corporation may lead to suboptimal investment. Management may invest in negative NPV projects to enhance the company’s size or management’s control. Jensen’s free cash flow hypothesis is that having free cash flow tempts management to make investments that are not positive NPV. Paying dividends or ...

23 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1037 | Lượt tải: 1

A stock dividend is the distribution of additional shares of stock to shareholders on a pro rata basis. Also known as a bonus issue of shares. Generally stated as a percentage of current shares outstanding. A stock dividend does not change a shareholder’s proportionate ownership, the shareholder does not receive cash, and there are no tax conseq...

20 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 951 | Lượt tải: 1

Costs of financial distress are costs associated with a company that is having difficulty meeting its obligations. Costs of financial distress include the following: Opportunity cost of not making optimal decisions Inability to negotiate long-term supply contracts. Loss of customers. The expected cost of financial distress increases as the re...

23 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 981 | Lượt tải: 1

Operating risk is the risk associated with the mix of variable and fixed operating expenses. Operating risk is the sensitivity (i.e., elasticity) of operating earnings to changes in unit sales. The degree of operating leverage (DOL) is the ratio of the percentage change in operating income to the percentage change in units sold. The per unit con...

21 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1105 | Lượt tải: 1

The investment opportunity schedule (IOS) is a representation of the returns on investments. We assume that the IOS is downward sloping: the more a company invests, the lower the additional opportunities. That is, the company will invest in the highest-returning investments first, followed by lower-yielding investments as more capital is availab...

35 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1057 | Lượt tải: 1

Capital rationing is when the amount of expenditure for capital projects in a given period is limited. If the company has so many profitable projects that the initial expenditures in total would exceed the budget for capital projects for the period, the company’s management must determine which of the projects to select. The objective is to maxim...

84 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1152 | Lượt tải: 1