现代企业长期融资管理方案.pptx

Chapter Outline;14.1 Common Stock;Par and No-Par Stock;Authorized vs. Issued Common Stock;Capital Surplus;Retained Earnings;;Shareholders’ Rights;Cumulative versus Straight Voting;Cumulative vs. Straight Voting: Example;Proxy Voting;Dividends;Classes of Stock;14.2 Corporate Long-Term Debt: The Basics;Interest versus Dividends;Is It Debt or Equity?;Basic Features of Long-Term Debt;Different Types of Debt;Repayment;Seniority;Security ;Indenture;14.3 Preferred Stock;Is Preferred Stock Really Debt?;The Preferred-Stock Puzzle;14.4 Patterns of Financing;The Long-Term Financial Deficit (1999);14.5 Recent Trends in Capital Structure;14.6 Summary and Conclusions