Корпоративные финансы, лекция Рубена Ениколопова

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    23-Dec-2014

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  • 1. : Renikolopov@nes.ru1

2. : : ? ? , , ( )? / ?2 3. - , . . .3 4. , : P0 = t CFt/(1+r)t CF: () (cash flows) r: P0: () 4 5. (, )5 6. : . . , ., , . . 6 7. , . - (, /) (, ), 7 8. - , ., , . , , , , 8 9. 1 2 ? 9 10. 1 ?2 10 11. 11 12. $F$F (X) $F. $F, .12 13. $F, $F .$F $F (X) (X) $F. $F, $F, . $F13 14. $F $F (X) $F. 14 15. . 70% 30% 25%50% . Debt Debt 75%50% Equity , .15 16. - ( ) . , , . 17. , , , , , .17 18. , , , (fire sale) 18 19. , , , - ( ) ( )19 20. IPO, SEO, / ? ( ) ? , 20