This document discusses capital structure and its key aspects. It defines capital structure as the mix of long-term funding sources for a company, including equity, preference shares, debentures, and retained earnings. It outlines features like return, risk, simplicity and flexibility. Factors affecting capital structure are also examined, such as trading on equity, government policy, and purpose of financing. The merits and demerits of different capital structure options are analyzed, such as no fixed liability but dilution of control with equity shares.
This presentation contains slides on the topic financial management where I have discussed about the meaning of financial management, various financial decisions involved in it like the capital budgeting, capital structure, working capital management, dividend decision. I hope these slides would be beneficial in understanding the basics of finance in a better way.Capital budgeting is the investment decision ,capital structure is related to financing,working capital is more about liquidity and dividend decision is concerned with the shareholders.
This ppt is all about the long term finance for the business. From which sources a business firm used to get their long term finance to run the business. So i hope it will help you to give your presentation . Thanks for the download. And if you find any mistake, please feel free to comment and inform.
or send me a mail in tatinpisa@outlook.com
This presentation contains slides on the topic financial management where I have discussed about the meaning of financial management, various financial decisions involved in it like the capital budgeting, capital structure, working capital management, dividend decision. I hope these slides would be beneficial in understanding the basics of finance in a better way.Capital budgeting is the investment decision ,capital structure is related to financing,working capital is more about liquidity and dividend decision is concerned with the shareholders.
This ppt is all about the long term finance for the business. From which sources a business firm used to get their long term finance to run the business. So i hope it will help you to give your presentation . Thanks for the download. And if you find any mistake, please feel free to comment and inform.
or send me a mail in tatinpisa@outlook.com
Sources of long term finance, Corporate governance AND Financial engineeringMohammed Jasir PV
Sources of long term finance — conventional and innovative sources — Leasing — Factoring — securitization
Dividend theories — Walter’s model — Gordens model — MM approach — legal aspects of dividend — formulation of dividend policy.
Corporate governance
Financial engineering
Conventional & Innovative Sources of Long Term FinanceMohammed Jasir PV
Conventional & innovative sources of long term finance
1. Venture Capital
2. Seed Capital
3. Bridge Finance
4. Lease Financing
5. Hire Purchase Finance
6. Euro Issues
Sources of Finance Functions and Investment Policies of NBFIs in India RBI Gu...Mohammed Jasir PV
Sources of Finance
Functions and Investment Policies of NBFIs in India
RBI Guidelines on NBFCs
Products offered by different NBFCs in India
Features of these Financial Products
Unit v business finance & financial marketManish Kumar
Business finance refers to money and credit employed in business. It involves procurement and utilization of funds so that business firms may be able to carry out their operations efficiently and effectively.
Chapter 1 Introduction to Financial ManagementSafeer Raza
Chapter 1 of Financial Management by Van horn
Introduction to Financial management
Topics
Introduction
What is Financial Management
Investment Decision
Financing decision
Asset management Decision
Goal of the firm
Value creation or profit maximization
wealth maximization
Agency problems
Corporate Social Responsibility
Corporate governance
Organization of the financial management function
The Meaning & Role Of Finance Management
Points Discussed are:
1. What is Finance?
2. Functions of financial Manager
3. The Goals of Financial Management
4. Roles of Financial Management
5. Functions of Financial Management
6. Activities Of Financial Management
7. Conclusion
Similar to Capital structure by NEERAJ SINDHU (20)
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. BY THE END OF THIS SESSION
WE WOULD BE ABLE TO LEARN
Capital Structure
Features of Capital Structure
Factors affecting capital
structure
Merits and Demerits
3. Meaning of Capital Structure
• The mix of the different sources of long
term funds in the total capital of the
company
• Equity
• Preference shares
• Debentures
• Retained earning
4. Capital can be raised by 2 means
1. Ownership securities
. Equity Shares
. Preference Shares
2. Creditor ship Securities
- Debentures/Bonds
5. Features of Capital Structure
Return
Minimum Risk
Simplicity
Flexibility
Capacity
Control
6. Features of Capital Structure
• Return –
Management is to provide the
maximum earnings to the equity shareholders. It
can be obtained by minimising the cost of issue
and the cost of financing.
• Minimum Risk-
It should involve minimum
possible risk of loss of control. Thus, it, should
be least risk.
7. • Simplicity –
As far as possible capital structure
must be simple. It is easy to manage it. Thus it
should be convenient.
• Flexibility –
The capital structure should be
flexible. It should be possible for a company to
adapt its capital structure with a minimum cost.
8. • Capacity –
The capital structure should be
determined within the debt capacity of the
company, and this capacity should not be
exceeded. The debt capacity of a company
depends on its ability to generate future cash
flow.
• Control –
The capital structure should involve
minimum risk of loss of control of the company.
9. Factors Affecting Capital Structure
Trading on equity
Govt. Policy
Retaining Control
Provision for the feature
Nature of Enterprise
Legal Requirements
Purpose of financing
Period of finance
Requirements of investors
Size of company
10. Factors Affecting Capital Structure
• Trading on equity –
In case the rate of return on the capital
Employed is more than the rate of interest on
debentures or rate of dividend on preference
shares, it is said that the company is on trading on
equity.
• Govt. Policy –
The monetary and fiscal policies of
the govt. also affect the capital structure decision.
11. • Cont’d
• Retaining Control –
The preference shareholders
and debenture holders have not much say in the
management of the company. It is the equity
shareholders who select the team of managerial
personnel.
• Provision for the Future –
While planning capital
structure the provision for future should also be
kept in view.
12. Cont’d
• Nature of Enterprise -
Business enterprises which
have stability in their earning or which enjoy
monopoly regarding their products may go for
debenture or preference shares since they will have
adequate profits to meet the recurring cost of
intrest.
• Legal Requirement –
The govt. has issued certain
guideline for the issue of share and debentures. The
restrictions are very significant.
13. Cont’d
• Purpose of financing –
The purpose of
financing also to same extent after the capital
structure of the company. In case funds are
required for some directly productive purposes.
Ex. Purchase of new machinery, the company
can afford to rise the funds by issue of
debenture . On the other hand funds are
required for non-productive purpose.
14. Cont’d
• Period of finance –
The period which finance is
required also effect the determination of capital
structure of companies. In case funds are required,
say for 3 or 10 years, it will appropriate to rise them
by issue of debenture rather then by issue of
shares. However if the funds are required are more
or less permanently, it will be appropriate to ruse
them by issue of equity share.
15. • Requirements of investors –
Different types of
securities are to be issued for different classes of
investors. Equity share are best suited for
investors who are very cautious while
preference share are suitable for investors who
are not very cautious.
16. • Size of company -
Companies which are of small
size have to really upon the owners funds for
financing. Large companiesare considered to be
less
17. When company has only Equity shares
• Merits:
• No fixed liability –
Equity share do not create any
fixed liability in respect of payment of dividend.
• No charge on assets –
Equity shares do not create
any charge or mortgage on the assets or property of
the company. Therefore, in times of need the
company can use its assets to rise loans.
18. Cont’d
• No liability to redeem –
Capital raised through equity
shares does not have to be repaid until the company itself
is would up, this would be long-range planning in respect
of the company.
• Voting control right –
Equity shares entitle the owner to
control and manage the company. Equity shares are
greatly preferred by bold and risk-loving investors.
Because owners of equity share are real owner of a
company.
19. Cont’d
• Trading on the equity –
The company runs on
risk of magnifying losses in bad periods through
trading on the equity.
• Easy and economical –
To obtain capital by the
issue of equity share is economical. It can be
very easily procured. Without creating any
charge on the property of the company.
20. Demerits
• Signal of capitalisation –
If promoter miscalculates
in working out financial requirement of a company.
The company may land in a situation where it has a
large surplus of capital.
• High cost of fund raising –
As many bold and risk
loving investors is always small. The company has to
spend much time and money to rise equity capital.
21. Cont’d
• Absence of close control: In a company which is
financed largely by equity shares. The number of
equity shareholders will be quite large. As such it
would become difficult to have effective management
and control of its affairs due to wide diffusion of
ownership.
• No Investment by Cautious Investors: Cautious and
risk bearing investors keep away from equity shares
because of uncertainty of return and fear about safety
of capital. Thus the company is denied the opportunity
to raise funds from such investors whose number is
admittedly quite large.
22. When a company has both equity and
preference shares:
• Merits:
1. Wider coverage: The company with both equity
and preference shares will appeal to a wider
variety of investors. Those of the investors who
love to take risk and desire to manage as well as
control the company, can opt for equity shares.
2. Elastic capital structure: The capital structure of
the company can be made more elastic and
more economical.
23. Cont’d
3. Closer control: Preference shares generally do
not carry any voting rights. Thus equity
shareholders can manage and control the
company without interference from any quarter.
4. Over capitalisation remedied: The company
may take remedial step for over capitalisation by
the redeemption of redeemable preference
shares.
24. Demerits
1. Dilution of trading on equity: The company with
both equity and preference shares can trade on
the equity, but not to any significant extent.
2. Absence of close control: In case the company
makes any default in paying dividend to
preference shareholder, they will earn the right
to attend the general meeting and to vote on
matters affecting their interests.