ؔУՃؔУ‫ڔ‬ ઋ঑‫ڔ‬
Degree of total leverage (DTL)
ؔУՃؔУ‫ڔ‬ ઋ঑‫ڔ‬
程Breakeven point
Breakeven point of sales
ࠢ‫ھ‬ ઋ঑
ࠢ‫ھ‬
Operating breakeven point of sales
金
ઋ঑
Dividend ঝֺ
ઋ঑
‫ૅۅ‬
NPV
ԥЗாऩ
Ӯ‫ލ‬ ‫ך‬Зாऩ
金
ࣞॹாऩ л‫ދ‬ாऩ
ઋ঑
‫ૅۅ‬
R35 Capital Budgeting
IRR Ӯ‫ލ‬
ԥЗாऩ ‫ך‬Зாऩ
ࣞॹாऩ л‫ދ‬ாऩ
ாऩછѳ‫ࡣސ‬
ઋ঑
‫ૅۅ‬
PBP & DPBP
ԥЗாऩ
育 教 Corporate Finance 程 金
R36 Cost of Capital
‫ڔڥ‬
One tier Two tier
R34 Corporate Governance and ESG: An Introduction
Board
Board committee
Audit committee Remuneration committee Nomination committee Governance committee Risk committee Investment committee
Stakeholder theory
‫ࡁث‬shareholder theory ԚӣЉգstakeholders
Principal agent conflict
Between controlling and minority shareholders
Conflict of interest Between shareholders and creditors
Sales risk
Business risk
Operating risk
Leverageङׂߎࠢ‫ھ‬
育Financial risk
Degree of operating leverage (DOL)
ؔУՃؔУ‫ڔ‬ ઋ঑‫ڔ‬
教Leverage
Degree of financial leverage (DFL)
ؔУ
Environmental Social Governance
Sustainable investing
育
ESG integration Social responsible investing
Impact investing
ESG
Negative screening
Positive screening
Buy in open market Buy a fixed number of shares at a fixed price Dutch Auction
Share repurchase
Repurchase by direct negotiation
Share repurchase‫ث‬EPSљՃBVPSङ‫ڧ‬ր
Ӯ‫ލ‬
‫ך‬Зாऩ
ࣞॹாऩ л‫ދ‬ாऩ
NPV profile
ઋ঑
‫ૅۅ‬
PI
ԥЗாऩ
Ӯ‫ލ‬ ‫ך‬Зாऩ
ࣞॹாऩ л‫ދ‬ாऩ
ДЗNPV profileсࢵխУ NPV profileЊࠦ঺ֱ߶сࢵխУ
育 教
WACC
ઋ঑ ૏ߎৈߣଣ‫ܫ‬ङѩүி‫پ‬
Cost of debt
YTM‫ࡣސ‬ Ғऀછ঴‫ࡣސ‬
Liquidity measures
Operating cycle Cash conversion cycle
ઋ঑
Cost of trade credit
ઋ঑
Cost of preferred stock
ઋ঑
程 金
CAPM pure play method
country risk premium
Cost of equity DDM ‫ ࡣސ‬ઋ঑
Bond yield plus risk premium ઋ঑
‫ڧ‬րWACCҟૉ࣫ࣤङ֜প
R37 Measure of Leverage
Share repurchaseЊcash dividend‫ࡁث‬
R39 Working Capital Management
Primary source of liquidity
Source of liquidity Secondary source of liquidity Drags on liquidity and pulls on liquidity
Cash dividend Stock dividend and stock split
Reverse stock split

R38 Dividends and Shares Repurchases: Basics
Dividend payment chronology
Share repurchaseङәय़Љգ‫ࡣސ‬
教
Implementation methods
程 Best-in-class approach
Thematic investing strategies Impact investing
߁ї‫ۅ‬ாऩ
‫ۅڙ۽‬ாऩ
Capital projectঝֺ ‫ڠ‬Ӳ‫ۅ‬ாऩ
ҿѕ
ࣞॹாऩչл‫ދ‬ாऩ
Capital budgetingङ5ாԽө