Stock markets and corporate finance /
Michael Dempsey
- World Scientific, London, 2018
- xxxi, 493 pages ; 24 cm
Introduction: stock markets and corporate finance A short history of stock markets The time value of money Market debt, interest rates and valuation The valuation of equity shares Shareholders' required rate of return (the cost of equity capital) Accounting statements and ratio analysis Financial leverage Valuation of cash flows Currency exchange rates Hedging currency risk : derivatives Investment decision making : theory and practice Equity value and personal taxes Financial leverage (revisited) Valuation of the firm's cash flows (revisited) Ethical behavior