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  • BA303 - Tutorial 1

    Transféré par

    Vin Shyang
    31 vues2 pages
    'Managers and owners of a businesses may not have the same objectives' List examples of agency costs which are incurred by shareholders in trying to minimize agency problems. 'Define the differences between the capital market and the money market. Give examples of the kinds of securities found in each category.

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    BA303-_Tutorial_1 (2)

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    'Managers and owners of a businesses may not have the same objectives' List examples of agency costs which are incurred by shareholders in trying to minimize agency problems. 'Define the differences between the capital market and the money market. Give examples of the kinds of securities found in each category.

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    31 vues2 pages

    BA303 - Tutorial 1

    Transféré par

    Vin Shyang
    'Managers and owners of a businesses may not have the same objectives' List examples of agency costs which are incurred by shareholders in trying to minimize agency problems. 'Define the differences between the capital market and the money market. Give examples of the kinds of securities found in each category.

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    © All Rights Reserved
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    sur 2

    BA 303 CORPORATE FINANCE

    TUTORIAL 1

    1. Why is the goal maximizing owners wealth helpful in analyzing capital investment decisions? What
    other goals should also be considered?
    2. What are the shortcomings in the profit maximization objective as a managerial strategy?
    3. Managers and owners of a businesses may not have the same objectives. Explain this statement,
    illustrating your answer with examples of possible conflicts of interest.
    4. List examples of agency costs which are incurred by shareholders in trying to minimize agency
    problems.
    5. What are the differences between the primary and secondary markets?
    6. Describe the Efficient Market Hypothesis and explain the differences between the three forms of the
    hypothesis.
    7. Define the differences between the capital market and the money market. Give examples of the kinds
    of securities found in each category.
    8. Interpret the following accounts and ratios:

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