Lecture Public finance

This chapter include objectives: Understand the venture capital market and its role in financing new businesses, understand how securities are sold to the public and the role of investment bankers, understand initial public offerings and the costs of going public.

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Chapter 10 - Financing entrepreneurial ventures worldwide. You’ve developed your business idea and written a business plan in which you have forecast how much money you’ll need for your new venture. Now you’re wondering where you will get the initial money to start your business and the follow-on capital to grow it. In this chapter, we discuss the mechanics of raising money from investors, including business angels, venture capitalists, and public stock markets.

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Chapter 30 - The basics of finance. After studying this chapter you will be able to understand: How to define financial markets and the market for loanable funds? What factors affect supply and demand for loanable funds? What differences exist between debt, equity, and their associated assets?...

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The topic discussed in chapter 15 is raising capital. This chapter include objectives: Understand the venture capital market and its role in financing new businesses, understand how securities are sold to the public and the role of investment bankers, understand initial public offerings and the costs of going public.

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Merchant Banking provides specialist services including portfolio management, project financing and counselling, issue management and underwriting, mergers, acquisitions, venture capital financing, leasing and so on. Merchant banking, although a non-banking financial activity, resembles banking function.

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The main functions of merchant banking are the following; Corporate counselling, project counselling, pre-investment studies, capital restructuring, credit syndication and project finance, issue management and underwriting, portfolio management, working capital finance, acceptance creat and bill discounting.

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After studying this chapter you will be able to: The venture capital market and its role in the financing of new, highrisk ventures; how securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

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After studying this chapter you will be able to: How securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

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Chapter 4 - The share market and the corporation. In this chapter, the learning objectives are: Understand the nature of corporations and reasons for public listing, consider the origins and purpose of a stock exchange, discuss the role of primary and secondary markets in equity financing,...

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In this chapter, we examine some of the ways in which firms actually raise capital. After studying this chapter, you should understand: The venture capital market and its role in the financing of new, highrisk ventures; how securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

32p thuongdanguyetan03 18-04-2020 39 2   Download

In this chapter, we examine some of the ways in which firms actually raise capital. After studying this chapter, you should understand: The venture capital market and its role in the financing of new, highrisk ventures; how securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

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Chapter 19 - Initial public offerings, Investment banking, Financial restructuring. This chapter presents the following content: Initial public offerings, investment banking and regulation, the maturity structure of debt, the risk structure of debt.

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Chapter 4 - The share market and the corporation. In this chapter, the learning objectives are: Understand the nature of corporations and reasons for public listing, consider the origins and purpose of a stock exchange, discuss the role of primary and secondary markets in equity financing,...

33p shiwo_ding8 29-06-2019 32 2   Download

Chapter 14, working capital management. After studying this chapter you will be able to: The venture capital market and its role in the financing of new, highrisk ventures; how securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

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Chapter 15, how firms raise capital. After studying this chapter you will be able to: How securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

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Chapter 11 - Securities markets. This chapter includes contents: Describe the processes and institutions used by businesses to distribute new securities to the investing public, outline the recent difficulties and changes in structure of the investment banking industry, describe how securities are traded among investors,...

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In this chapter, the following content will be discussed: Defining the field of study, public finance and ideology, government at a glance: the legal framework, the mechanistic view vs. organic view of government, the u.s. constitution outlines the roles of and constraints placed on state, and federal government economic activity.

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In this chapter, the following content will be discussed: Welfare economics is the study of the desirability of different economic states; first fundamental theory of welfare economics: competitive markets result in pareto efficiency; second fundamental theory of welfare economics: society can attain any pareto efficient outcome with reassignment of initial endowments and free trade.

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In this chapter, the following content will be discussed: Economic theory provides a framework for analyzing the causal relationship between government policy and individuals’ behavior; empirical work tests hypothesis arising from economic theory to determine if it is consistent with real-world phenomena; various methods for conducting empirical work exist.

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Chapter 5 summary: Externalities occurs when the activity of one person or firm positively or negatively affects another person/group/firm outside the market mechanism; an inefficient allocation of resources results because the market price does not reflect the external costs or benefits; the coase theorem indicates that private solutions through bargaining can achieve the efficient outcome under certain circumstances.

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