Abstract
Bugün iş dünyasının küresel finansal Arenası, şirketlerin rekabetçi bir şekilde performans göstermelerini ve büyük ölçüde ilerleyen işletmelerle ilerlemelerini talep ediyor. Bu nedenle, işletmeler giderek finansal yönetim gibi operasyonlarının farklı alanlarına odaklanmaktadır. Borç sermayesi ve dişli kullanımı, işletmelerin finansal yönetiminin en önemli alanlarından biridir, çünkü şirketin öz sermayesinin beklenen getirisi, riski ve değeri üzerinde önemli ölçüde etki ederler (Puxty & Dodds, 1988, s. 11). Bu nedenle, bu iş raporu için seçilen konu, borç sermayesinin ve dişli kullanımının, firmanın özkaynağının beklenen getirisi, riski ve değeri üzerindeki etkisidir. Bu rapor, kavramın önemini ve bir işletmenin finansal yönetimine sahip olduğu değeri ve kavramın sınırlamalarını göstermektedir. Bu nedenle, borç sermayesinin ve dişli kullanımının özkaynağın riski, getirisi ve değeri üzerindeki etkisinin önemini açıkça temsil edecektir. Aynı zamanda değer borç sermaye gösterir ve dişli işletmenin finansal yönetimi için tutar. Ayrıca, bu kavramın uygulanmasında örnekler ve zorluklar da sağlanmaktadır. Son olarak, bu rapor bu ödevin tamamlanmasında kazanılan kişisel öğrenmeyi göstermektedir.
References
- Babu G.R. (2012), “Financial Management”, Concept Publishing Company, 156 pages.
- Clayman M.R., Fridson M.S., & Troughton G.H. (2012), “Corporate Finance: A Practical Approach”, John Wiley & Sons, 528 pages.
- Gabriel V.A. (2003), “Management”, Pearson Education South Asia, 536 pages.
- Lee C.F., Lee A.C., & Lee J.C. (2010), “Handbook of Quantitative Finance and Risk Management”, 1716 pages.
- Pratt S.P. & Grabowski R.J. (2010), “Cost of Capital in Litigation: Applications and Examples”, John Wiley & Sons, 336 pages.
- Puxty A.G. & Dodds J.C. (1988), “Financial Management: Methods and Meaning”, Taylor & Francis, 536 pages.
- Stretton H. (1999), “Economics: A New Introduction”, Pluto Press, 852 pages.
- Torok R.M. & Cordon P.J. (2002), “Operational Profitability: Systematic Approaches for Continuous Improvement”, John Wiley & Sons, 311 pages.
- Vickers D. (1987), “Money Capital in the Theory of the Firm: A Preliminary Analysis”, Cambridge University Press, 244 pages.
- Way J. (2012), The Advantages of Using Debt as Capital Structure, pp. n.d, retrieved from https://smallbusiness.chron.com/advantages-using-debt-capital-structure-22011.html on 5th July 2019.
Abstract
The global financial arena of the business world today, demands the companies to perform competitively and advance with the drastically advancing businesses. Therefore, businesses are increasingly focusing on different areas of their operations, such as financial management. The use of debt capital and gearing is one of the most significant areas of financial management of businesses, since they impact considerably on the expected return, risk, and value of the firm’s equity (Puxty & Dodds, 1988, p.11). So, the topic that is selected for this business report is the impact of the use of debt capital and gearing on the expected return, risk, and value of the firm’s equity. This report illustrates the significance of the concept, and value it holds to the financial management of an entity while providing the example as well as limitations of the concept. Thus, it will clearly represent the significance of the impact of debt capital and gearing usage on the risk, return, and value of the equity. It also illustrates the value debt capital and gearing holds for the financial management of the entity. In addition, examples and difficulties in implementing this concept are also provided. Finally, this report illustrates the personal learning gained in completing this assignment.
References
- Babu G.R. (2012), “Financial Management”, Concept Publishing Company, 156 pages.
- Clayman M.R., Fridson M.S., & Troughton G.H. (2012), “Corporate Finance: A Practical Approach”, John Wiley & Sons, 528 pages.
- Gabriel V.A. (2003), “Management”, Pearson Education South Asia, 536 pages.
- Lee C.F., Lee A.C., & Lee J.C. (2010), “Handbook of Quantitative Finance and Risk Management”, 1716 pages.
- Pratt S.P. & Grabowski R.J. (2010), “Cost of Capital in Litigation: Applications and Examples”, John Wiley & Sons, 336 pages.
- Puxty A.G. & Dodds J.C. (1988), “Financial Management: Methods and Meaning”, Taylor & Francis, 536 pages.
- Stretton H. (1999), “Economics: A New Introduction”, Pluto Press, 852 pages.
- Torok R.M. & Cordon P.J. (2002), “Operational Profitability: Systematic Approaches for Continuous Improvement”, John Wiley & Sons, 311 pages.
- Vickers D. (1987), “Money Capital in the Theory of the Firm: A Preliminary Analysis”, Cambridge University Press, 244 pages.
- Way J. (2012), The Advantages of Using Debt as Capital Structure, pp. n.d, retrieved from https://smallbusiness.chron.com/advantages-using-debt-capital-structure-22011.html on 5th July 2019.
Details
| Primary Language | English |
|---|---|
| Subjects | Finance |
| Journal Section | Articles |
| Authors | |
| Publication Date | June 30, 2020 |
| Published in Issue | Year 2020 Volume: 5 Issue: 1 |
