05 2017年CFA一级_思维导图_corporate finance
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Implementation methods
程 Best-in-class approach
Thematic investing strategies Impact investing
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Capital projectঝֺ ڠӲۅாऩ
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ࣞॹாऩչлދாऩ
Capital budgetingङ5ாԽө
Sales risk
Business risk
Operating risk
Leverageङׂߎࠢھ
育Financial risk
Degree of operating leverage (DOL)
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教Leverage
Degree of financial leverage (DFL)
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One tier Two tier
R34 Corporate Governance and ESG: An Introduction
Board
Байду номын сангаас
Board committee
Audit committee Remuneration committee Nomination committee Governance committee Risk committee Investment committee
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NPV
ԥЗாऩ
Ӯލ ךЗாऩ
金
ࣞॹாऩ лދாऩ
ઋ
ૅۅ
R35 Capital Budgeting
IRR Ӯލ
ԥЗாऩ ךЗாऩ
ࣞॹாऩ лދாऩ
ாऩછѳࡣސ
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ૅۅ
PBP & DPBP
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育 教 Corporate Finance 程 金
R36 Cost of Capital
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Degree of total leverage (DTL)
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程Breakeven point
Breakeven point of sales
ࠢھ ઋ
ࠢھ
Operating breakeven point of sales
金
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Dividend ঝֺ
Ӯލ
ךЗாऩ
ࣞॹாऩ лދாऩ
NPV profile
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ૅۅ
PI
ԥЗாऩ
Ӯލ ךЗாऩ
ࣞॹாऩ лދாऩ
ДЗNPV profileсࢵխУ NPV profileЊֱࠦ߶сࢵխУ
育 教
WACC
ઋ ߎৈߣଣܫङѩүிپ
Cost of debt
YTMࡣސ Ғऀછࡣސ
Stakeholder theory
ࡁثshareholder theory ԚӣЉգstakeholders
Principal agent conflict
Between controlling and minority shareholders
Conflict of interest Between shareholders and creditors
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Environmental Social Governance
Sustainable investing
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ESG integration Social responsible investing
Impact investing
ESG
Negative screening
Positive screening
Liquidity measures
Operating cycle Cash conversion cycle
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Cost of trade credit
Cash dividend Stock dividend and stock split
Reverse stock split
R38 Dividends and Shares Repurchases: Basics
Dividend payment chronology
Share repurchaseङәय़Љգࡣސ
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Cost of preferred stock
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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
Buy in open market Buy a fixed number of shares at a fixed price Dutch Auction
Share repurchase
Repurchase by direct negotiation
Share repurchaseثEPSљՃBVPSङڧր
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