tailieunhanh - Bài giảng Management theory and practice Financial: Chapter 14

Đến với "Bài giảng Management theory and practice Financial: Chapter 14" các bạn sẽ được tìm hiểu một số vấn đề cơ bản về: Trading in Financial Markets; Initial Public Offerings; Investment Banking and Regulation; Leveraged Buyouts;. Hy vọng tài liệu là nguồn thông tin hữu ích cho quá trình học tập và nghiên cứu của các bạn. | Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-3 Corporate Valuation, IPOs, and Financial Restructuring Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-4 Topics in Chapter Trading in Financial Markets Initial Public Offerings Investment Banking and Regulation Leveraged Buyouts Project Financing Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-5 How are start-up firms usually financed? Founder’s resources Angels Venture capital funds Most capital in fund is provided by institutional investors Managers of fund are called venture capitalists Venture capitalists (VCs) sit on boards of companies they fund Copyright © 2011 by Nelson Education Ltd. All rights reserved. 1-6 Trading in Financial Markets Stock market transactions can be classified into (1) Primary market transactions: IPO issues: stock is offered to the public for the first time SEO issues: firms issue additional shares to raise new equity capital (2) Secondary market . | Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-3 Corporate Valuation, IPOs, and Financial Restructuring Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-4 Topics in Chapter Trading in Financial Markets Initial Public Offerings Investment Banking and Regulation Leveraged Buyouts Project Financing Copyright © 2011 by Nelson Education Ltd. All rights reserved. 14-5 How are start-up firms usually financed? Founder’s resources Angels Venture capital funds Most capital in fund is provided by institutional investors Managers of fund are called venture capitalists Venture capitalists (VCs) sit on boards of companies they fund Copyright © 2011 by Nelson Education Ltd. All rights reserved. 1-6 Trading in Financial Markets Stock market transactions can be classified into (1) Primary market transactions: IPO issues: stock is offered to the public for the first time SEO issues: firms issue additional shares to raise new equity capital (2) Secondary market transactions with the vast majority of trading occurs Copyright © 2011 by Nelson Education Ltd. All rights reserved. 1-7 Primary vs. Secondary Security Sales Primary New issue (IPO or seasoned) Key factor: issuer receives the proceeds from the sale. Secondary Existing owner sells to another party. Issuing firm doesn’t receive proceeds and is not directly involved. Copyright © 2011 by Nelson Education Ltd. All rights reserved. 1-8 How are secondary markets organized? By “location” Physical location exchanges Computer/telephone networks By the way that orders from buyers and sellers are matched Open outcry auction Dealers (., market makers) Electronic communications networks (ECNs) Copyright © 2011 by Nelson Education Ltd. All rights reserved. 1-9 Physical Location vs. Computer/telephone Networks Physical location exchanges: ., NYSE, CBOT, and Tokyo Stock Exchange Traders actually meet/trade in the market floor Computer/telephone: ., Nasdaq, government bond markets, foreign exchange .

crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.