Безлевериджное финансирование — (Unlevered financing) — финансирование деятельности предприятия без привлечения заемного капитала … Экономико-математический словарь
безлевериджное финансирование — Финансирование деятельности предприятия без привлечения заемного капитала. [ОАО РАО "ЕЭС России" СТО 17330282.27.010.001 2008] Тематики экономика EN unlevered financing … Справочник технического переводчика
Modigliani–Miller theorem — The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. The basic theorem states that, under a certain market price process (the classical random walk), in the absence of taxes … Wikipedia
Adjusted present value — (APV) is a business valuation method. APV is the net present value of a project if financed solely by ownership equity plus the present value of all the benefits of financing. Firstly, it was studied by Stewart Myers, a professor at the MIT Sloan … Wikipedia
Free cash flow — In corporate finance, free cash flow (FCF) is a cash flow available for distribution among all the security holders of a company. They include equity holders, debt holders, preferred stock holders, convertibles holders, and so on.There are two… … Wikipedia
Homemade Leverage — A substitution of risks that investors may undergo in order to move from overpriced shares in highly levered firms to those in unlevered firms by borrowing in personal accounts. Mainly attributed to the Modigliani Miller Theorem, homemade… … Investment dictionary
adjusted present value — ( APV) The net present value analysis of an asset if financed solely by equity ( present value of unlevered cash flows), plus the present value of any financing decisions (levered cash flows). In other words, the various tax shields provided by… … Financial and business terms
APV — ( adjusted present value) The net present value analysis of an asset if financed solely by equity ( present value of unlevered cash flowss), plus the present value of any financing decisions (levered cash flows). In other words, the various tax… … Financial and business terms
free cash flows — cash not required for operations or for reinvestment. Often defined as earnings before interest (often obtained from the operating income line on the income statement) less capital expenditures less the change in working capital. In terms of a… … Financial and business terms