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Corporate Finance

CFA® Exam, CFA® Exam Level 1, Corporate Finance

Comparing a Firm’s Liquidity Position …

Different companies operate under different liquidity conditions due to the ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance, Financial Management

Sources of Liquidity and Factors Affecti …

The liquidity of a firm refers to its ability to meet short-term obligations ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance, Financial Management

What is Working Capital Management? …

Working Capital Management refers to the set of corporate finance activities ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance

Cash Dividends Vs. Share Repurchase …

Both the cash dividends and share repurchase of same value have equivalent ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance

Impact of Share Repurchases on Financial …

Since the company uses its own cash or borrows money to buy back shares, ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance, Financial Management

What is Share Repurchase and Methods of …

A share repurchase refers to a transaction where a company buys back its own ... Continue reading

CFA® Exam, CFA® Exam Level 1, Corporate Finance, Financial Management, Investment Management

Dividend Payment Dates …

Once a company has decided to pay the dividends, the dividend payment ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Types of Restructuring …

Strategic decisions made by corporations are not limited to expansion; ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Merger Gains to Shareholders & Post …

Merger Gains to Shareholders Shareholders of the Target: The value paid for ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Valuing Target Companies …

There are several widely employed methods for valuing a potential M&A ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Herfindahl-Hirschman Index (HHI) …

HHI measures market concentration and is a metric used by government ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Post-Offer Defense Takeover Mechanisms …

Just Say No: Management can decline an acquirer’s offer and attempt to ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Pre-Offer Defense Takeover Mechanisms …

A company may set up preemptive defense mechanisms in order to help ensure ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Industry Lifecycle Phase and M&A …

M&A activity can vary depending on the acquirer and/or target’s phase in ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

M&A: Earnings Per Share & The …

It can be possible, following a merger that the acquiring firm demonstrates ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Overview of Mergers & Acquisitions …

Acquisitions: When an acquiring company buys a portion of a target ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Investment Valuation and Corporate Gover …

Companies with quality corporate governance systems can be better positioned ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Assessing The Board of Directors …

When an analyst evaluate the investment quality of a corporation’s debt or ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Conflicts of Interest in a Corporate Env …

The Agency Relationship: When one party (the agent = company management) ... Continue reading

CFA® Exam, CFA® Exam Level 2, Corporate Finance

Types of Business Organizations …

Generally, businesses are legally organized in one of three forms: Sole ... Continue reading

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