Journal ArticleDOI
Using CFO Surveys as a Motivational Tool to Teach Corporate Finance
Reads0
Chats0
TLDR
In this article, the results from surveys of corporate finance professionals are used to motivate capital structure, capital budgeting, and payout, and actual job interview questions can also be used as a motivational tool to teach finance.Abstract:
This article is based on the keynote address from the Eastern Finance Association meeting in South Beach in April 2010. In this keynote address, I discuss how to engage and motivate students by using the results from surveys of corporate finance professionals. Specific examples are given to motivate capital structure, capital budgeting, and payout. Actual job interview questions can also be used as a motivational tool to teach finance.read more
Citations
More filters
Journal ArticleDOI
An Exploratory Study on Cognitive Skills and Topics Focused in Learning Objectives of Finance Modules: A UK Perspective
TL;DR: In this article, the authors explored the subject-specific knowledge and skills emphasised in core finance subjects in accounting undergraduate programs in the UK and found that the topic areas of funding/sources of finance feature highly in the finance curriculum.
Journal ArticleDOI
Stock exchange listing induces sophistication of capital budgeting
TL;DR: In this article, the authors compared capital budgeting techniques employed in listed and unlisted companies in Brazil and found that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM.
Journal ArticleDOI
Capital structure decisions: What Spanish CFOs think
TL;DR: In this article, a survey of 140 CFOs of Spanish companies during 2011 showed that managers attach importance to establishing and monitoring a target debt ratio and the capacity to maintain additional debt in order to provide financial flexibility.
Book ChapterDOI
Stock Exchange Listing and Capital Budgeting Practices
TL;DR: In this paper, the authors surveyed the chief financial officers (CFOs) of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM.
Journal ArticleDOI
A Review of Capital Budgeting Techniques
TL;DR: A review of the literature on capital budgeting procedures is presented in this paper, where the authors suggest increased prominence of the NPV as an evaluation technique consistent with its much emphasized academic merit.
References
More filters
Journal Article
The Cost of Capital, Corporation Finance and the Theory of Investment
TL;DR: In this article, the effect of financial structure on market valuations has been investigated and a theory of investment of the firm under conditions of uncertainty has been developed for the cost-of-capital problem.
Journal ArticleDOI
The theory and practice of corporate finance: Evidence from the field
TL;DR: The authors survey 392 CFOs about the cost of capital, capital budgeting, and capital structure and find some support for the pecking-order and trade-off capital structure hypotheses but little evidence that executives are concerned about asset substitution, asymmetric information, transactions costs, free cash flows, or personal taxes.
Journal ArticleDOI
Dynamic Capital Structure Choice: Theory and Tests
TL;DR: In this article, the authors developed a model of dynamic capital structure choice in the presence of recapitalization costs and provided the optimal dynamic recapitalisation policy as a function of firm-specific characteristics.
Journal ArticleDOI
Payout Policy in the 21st Century
TL;DR: The authors survey 384 financial executives and conduct in depth interviews with an additional 23 to determine the factors that drive dividend and share repurchase decisions, finding that maintaining the dividend level is on par with investment decisions while repurchases are made out of the residual cash flow after investment spending.
Journal ArticleDOI
Do Firms Rebalance Their Capital Structures
Mark T. Leary,Michael R. Roberts +1 more
TL;DR: The authors empirically examined whether firms engage in a dynamic rebalancing of their capital structures while allowing for costly adjustment and found that firms actively rebalance their leverage to stay within an optimal range.