London School of Economics (LSE)

These are the detailed notes that cover all of the examinable content for GV249, at which is usually tested. Back then, I had to study the course from scratch within less than 1 week, and easily achieved a first-class mark by using this set of notes. It is designed to be concise yet comprehensive, allowing you to focus on revising the key concepts and three-statements and ace your exams easily.

Lesson 9 : Covers Payout policies with the example of Infineon technologies, a chip manufacturer. Market cyclicality, net working capital, sources and uses of funds, leverage ratio, corporate governance, dividends, payout policy, share repurchase, share buybacks, EPS Lesson 9/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the...

Warrants and Covertibles cover all the technicalities associated with hybrid vehicles for corporate fundraising. Stock options, company warrants, convertible debt, convertible bonds, price impact, stock price, convertible notes, market timing Lesson 8/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundrai...

Acquisition Finance (M&A) covers the financing of corporate acquisition using the case of Tesla and Solar City. Stock-financed acquisition, equity issuance, shareholder value, market value, minority interest, exchange ratios Lesson 7/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundraising and various ca...

Further on the use of Debt as a source of funds, this lesson covers Asset Substitution and Asymmetric Information, and how both impact a company’s capital structure decisions. Creditors, tunneling, asset substitution, equity issuance, debt issuance, Modigliani-Miller theorem, corporate liquidity Lesson 6/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity...

This Debt Fundraising lesson uses the example of Blaine, a cash-rich kicthenware company, to tackle the implications of recapitalization, liquidity and share repurchase operations for companies. Share Buybacks, Leverage ratios, Interest Coverage, Default, Return on Equity, Leverage, Costs of Financial Distress Lesson 5/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Deb...

Financial Planning & short term capital management covers everything releated to Net Working Capital and Cash Conversion Cycle, and how these can be optimized via debt issuance and effective working capital policy. Using the case example of Bitmain Technologies, covering Working Capital ratios, Inventory concepts, net operating assets, free cash-flow. Lesson 4/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on f...

Debt & Tax Shields covers extensively the implications for a company of using debt as a source of funds, including when it is already highly leveraged (Debt Overhang) ; Tax Shields, Free Cash-Flow, Discounting, Leverage Ratio, Market Value Balance Sheets, Debt Covenants, Restructuring, Modigliani-Miller theorem Lesson 3/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic De...

Debt & Equity covers all characteristics of Debt and Equity as source of funding for a company, both from a technical and strategic/business point of view. Cost of Equity, Cost of Debt, IRR, Cost of Capital, EPS, Modigliani-Miller theorem. Lesson 2/9 : This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundraisi...

Asset, Liabilities and Equity Basics provides an intro to basic Cashflow concepts (Sources and Uses of Funds) + a solid overview of Balance Sheets and Net Working capital technicalities using the example of Snap, Inc. Lesson 1/9 : This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundraising and various capital...