International Financial Management lectures 1-4
IFM lectures and notes 1-4
IFM lectures and notes 1-4
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Kartei Details
| Karten | 64 |
|---|---|
| Sprache | English |
| Kategorie | Finanzen |
| Stufe | Universität |
| Erstellt / Aktualisiert | 04.01.2022 / 13.01.2022 |
| Lizenzierung | Namensnennung - Weitergabe unter gleichen Bedingungen (CC BY-SA) (om71ekit@uni-leipzig.de) |
| Weblink |
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Assets
Actifs
- current assets
- non-current assets
- tangible ex buildings (actifs courants)
- intangible ex trademark, logo, goodwill
Equity
= capital structure (capitaux propres )
- current liabilities
- non-current liabilities
- shareholder's equity
a bond
debt obligation, standardized "I owe you"
long term debt for companies
value of a firm
value of bonds + value of shares
goal of financial management
- maximize share price of company -> shareholder value maximization
- if no traded shares, maximize market value of owner's equity
money market vs capital market
- money market: short term, debt
- capital market: long term, equity and debt
dealer vs agency markets
- dealer markets: dealers are firms who provide liquidity by purchasing and selling against personal inventory and at own risk
- agency markets: agent buys and sells for customer, gets a commisson
primary vs secondary markets
- primary market: company issues its own bonds
- secondary: people buy bonds from each other without involving company
