第十三章公司融资决策和有效资本市场
13.1 Can Financing Decisions Create Value?
Earlier parts of the book show how to evaluate investment projects according the NPV criterion.The next five chapters concern financing decisions.
What Sort of Financing Decisions?
Typical financing decisions include:How much debt and equity to sellWhen (or if) to pay dividendsWhen to sell debt and equityJust as we can use NPV criteria to evaluate investment decisions, we can use NPV to evaluate financing decisions.