加拿大代写被抓

加拿大代写被抓

资本结构是负债的构成。公司层面的计算通常包括股权融资和债务融资以及债务与融资的比率。在这一点上,债务融资法规被发现具有稳固的杠杆作用。资本结构被发现是高度复杂的,它包括许多资金来源。杠杆可以定义为从债务中获得的公司资本的比例。这是非常复杂的。在破产的情况下,资本结构从最高的位置到最低的(Leary,和Roberts, 2005)。

加拿大代写被抓

在完美的资本市场,没有交易或破产成本。公司和个人可以借到相同的利率。没有税收,投资回报也没有受到金融不确定性的影响。莫迪利亚尼和米勒在这些条件下得出了两个主要的发现(莫迪利阿尼,米勒,1965)。首先考虑的是公司的价值是独立于资本结构的。第二个建议是,杠杆公司的股权成本等于无杠杆公司的股权成本。风险被发现在投资者阶层之间转移。没有额外的值被创建。最优结构被发现根本没有股权。资本结构被发现包含99%的债务。在现实世界中,这种资本结构没有任何关联(Leary和Roberts, 2005)。

加拿大代写被抓

The capital structure is the composition of liabilities. The firm level calculations usually encompass the equity finance and debt finances and the ratio of the debt to financing. In this, the debt financed statute is found to firm leverage. The capital structure is found to be a highly complex and it includes a number of sources for the collection of the capital. The leverage can be defined as the proportion of the firm capital that is obtained from the debt. This is found to be highly complex. In cases of bankruptcy the capital structure of is divided from the senior most position to the least (Leary, and Roberts, 2005).

加拿大代写被抓

In the perfect capital market, there is no transaction or bankruptcy cost. Firms and individual is found to borrow the same interest rate. There are no taxes and investment returns are not impacted by the financial uncertainty. Modigliani and Miller derived two main findings in these conditions (Modigliani, & Miller, 1965). The first proposition that was considered is that the value of the company is found to be independent of the capital structure. The second proposition is that the cost of equity of the leveraged firm is equal to the cost of equity of the unleveraged firm. The risk is found to be shifted between the investor classes. There is no extra value is created. The optimal structure is found to have no equity at all. The capital structure is found to consist of 99% of the debt. In the real world, this capital structure bears no relevance (Leary, and Roberts, 2005).

 

澳洲论文代写

澳洲论文代写

对美国公司的经济计量分析,基于其资本结构、国家水平和公司水平变量进行了分析。这一工作得到了资本结构理论、资本结构的各种讨论以及在资本结构中发挥关键作用的宏观经济和公司层面因素的支持。现在,许多这些因素被认为是基于国家的具体细节。

不同变量之间的相关性研究,如净销售、销售商品、国内生产总值等。讨论了基于资本结构的影响,并讨论了实际回归值计算中的理论与实践的差异。

澳洲论文代写

这项工作是在伦敦一家投资公司的实习分析师的背景下准备的。一家投资公司的管理层要求对影响公司资本结构的因素进行调查,这些因素影响着美国公司的资本结构。因此,在这里需要对资本结构、企业和宏观经济层面的因素进行调查。提出了资本结构、宏观经济和企业层面变量的理论。

澳洲论文代写

An econometric analysis of companies in the United States, based on their capital structures, country level and firm level variables was conducted. The work is supported by provision of theory on capital structures, the various discussions on capital structures and the macroeconomic and firm level factors that play a critical role in capital structures are presented. Now much of these factors are seen to be based out of the country specific details.
A correlation study between different variables, such as net sales, goods sold, GDP values among others are carried out. Capital structures based impact is observed and the difference between theory and practice in terms of actual regression value calculations are discussed.

澳洲论文代写

The work is prepared in the context of being a trainee analyst at an investment company in London. The management of an investment company has requested data on the investigation of factors that affect the capital structure of firms with respect to the United States. So, an investigation of capital structures, firm and macro-economic level factors with respect to firm’s decision making is required here. The theory behind capital structures and macroeconomic and firm-level variables are presented.

毕业论文代写

毕业论文代写

多年来,法玛教授提出的随机漫步理论已经受到公众的关注。有几位研究学者在研究这个问题。许多科学研究都是通过开放许多实验来证明其重要性的。有效市场的概念可以分为两部分。第一个想法是,股票的回报率在一个有效的股票市场是随机的。此外,第二种观点认为,股票市场的参与者无法获得超额利润(Dunham, 2013)。自随机漫步理论和有效市场假说成立以来,许多学者对这一理论进行了研究,并在现代金融研究和实证领域中探寻了这一理论的相关性。

毕业论文代写

法玛教授撰写的研究论文在当代投资情景中仍有一定的借鉴意义,一些学术学者仍在研究论文中提出的理论。随机游走理论被认为是重要的金融理论,它为市场提供了重要的视角。它支持证券市场的长期投资,而不是依赖于股票市场的投机性交易。随机漫步理论并不依赖于股票市场的基本面分析,因为它认为证券价格是非常难以控制和难以管理的。因此,对未来安全价格的预测是不可能的。通常情况下,预测是正确的,但这是机会的因素。此外,投资决策不能以概率为基础。根据随机漫步理论,过去的安全性能与未来的价格没有任何关系,价格变化是独立的,不能通过股票过去的表现来预测。几位学者就股票市场效率问题进行了探讨,并对这一专题进行了几项研究。随机漫步理论认为,股票价格数据似乎以一致的方式存在,股票的价格水平可以通过一系列随机数字的路径得到更有效的预测。

毕业论文代写

Over the years, the theory of random walk presented by Professor Fama has undergone public scrutiny. There are several research scholars who worked on this matter. Various scientific research studies are conducted by opening many trials which are made to demonstrate its importance. The idea of the efficient market can be divided into two parts. The first idea is that the return from the stock is random in an efficient stock market. Moreover, the second idea is that the participants of the stock market cannot earn a surplus profit (Dunham, 2013). Since the inception of the random walk theory and efficient market hypothesis, many scholars work on this theory and search the relevance of this theory in modern finance study and empirical field.

毕业论文代写

The research article written by Professor Fama is still relevant in the contemporary investment scenarios, and several academic scholars still work on the theories presented in the paper. The random walk theory is considered as the critical finance theory, and it provides significant insight of the market. It supports long-term investment in the security market instead of depending on the speculative daily trading in the stock market. The random walk theory does not rely on the fundamental analysis of the stock market as it states that the security price is immensely unruly and unmanageable. Thus, the prediction of the future price of security cannot be possible. Often the prediction can be true, but that is the factor of chance. Moreover, the investment decision cannot be taken based on probability. According to the random walk theory, the past performances of security have not any connection with its future price, and the price changes are independent and cannot be predicted by the past performance of the stocks. Several academic scholars have addressed the issues regarding the stock market efficiency and also conducted several research works on this particular topic. The random walk theory suggests that the stock price data seem to exist in a consistent way and a stock’s price level can be more efficiently predicted by the path of a range of collected random numbers.