Outline of this part If a firm seeks to create value with its financing decisions, the firm must find positive NPv financial arrangements. We will show that the sources of NPV in financing are taxes bankruptcy, and agency costs This part is composed by six chapters like Chapter 13 Corporate financing decisions and efficient capital markets Chapter 14 Long-term financing: an introduction Chapter 15 Capital structure: basic concepts Chapter 16 capital structure: limits to the use of debt Chapter 17 valuation and capital budgeting for the levered firm Chapter 18 Dividend policy: why does it matter?Outline of this part If a firm seeks to create value with its financing decisions, the firm must find positive NPV financial arrangements. We will show that the sources of NPV in financing are taxes, bankruptcy, and agency costs. This part is composed by six chapters like : Chapter 13 Corporate financing decisions and efficient capital markets Chapter 14 Long—term financing: an introduction Chapter 15 Capital structure: basic concepts Chapter 16 Capital structure: limits to the use of debt Chapter 17 Valuation and capital budgeting for the levered firm Chapter 18 Dividend policy: why does it matter?