The Capital Market Public Issue Privileged Subscription Regulation of Security Offerings Private Placement Initial Financing Signaling Effects The Secondary Market

Dividend Policy Passive Versus Active Dividend Policies Factors Influencing Dividend Policy Dividend Stability Stock Dividends and Stock Splits Stock Repurchase

Capital Structure Determination Conceptual Look The Total-Value- Principle Presence of Market Imperfections and Incentive Issues The Effect of Taxes Taxes and Market Imperfections Combined Financial Signaling

Operating and Financial Leverage Operating Leverage Financial Leverage Total Leverage Cash -Flow- Ability to Service

Required Returns and the Cost of Capital Creation of Value Overall Cost of Capital of the Firm Project-Specific Required Rates Group-Specific Required Rates

Risk and Managerial Options in Capital Rudgeting The Problem of Project Risk Total Project Risk Contribution to Total Firm Risk: Firm-Portfolio Approach Managerial Options

Capital Budgeting Techniques Project Evaluation and Selection Potential Difficulties Capital Rationing Project Monitoring Post- Completion Audit

Capital Budgeting and Estimating Cash Flows The Capital Budgeting Process Generati ng Investment Project Proposals Estimatin

Short-Term Financing Spontaneous Financing Negotiated Financing Factoring Accounts Receivable Composition of Short--term Financing

Accounts Receivable and Inventory Management Credit and Collection Policies Analyzing the Credit Applicant Inventory Management and Control