Part 1 Introduction
Abstract
Why Dividend policy
Dividend policy is important for investors because it is connected to the enterprise value directly. Recently, it is too much low that investors get profits from dividend payouts as compared with other countries. Dividend policy which creates value to the company and shareholders should be decided with consideration of future investment opportu
optimality that is biome by society should be taken into account in the production process.
내화하다: 사회에 의해 야기된 외부 비용이 생산 과정에의 계산에 들어가야 한다는 생각
International reserves : Stocks of assets that are liquid and readily acceptable in imitational trade.
외화 준비금: 국제 무역에서 유동적이고 즉시 수용이 가능한
Keynesian fiscal policy(케인즈의 재정 정책)
Fiscal policy that manipulates government expenditures and taxation in order to move the economy toward a socially desirable level of income and output.
투입과 산출의 사회적으로 바람직한 수준으로 경제를 끌기 위해 정부의 지출와 징세를 관리하는 재정정책.
John M. Keynes (1883-1946) : 영국 경제
Ⅰ. 자본구조이론이란
자본구조이론은 자본구조와 기업가치와의 관계를 분석하여 기업가치를 극대화하는 최적자본구조(optimal capital structure)를 찾고자 하는 이론이다.
기업의 자본구조에 대한 과학적 논의는 Modigliani & Miller(1958) 이후로 거의 반세기가 지나면서 수많은 연구가 이루어졌으나 아직도
optimal country that would be aligned with KIA Motors business objectives and future goals.
In order to identify an entry strategy for KIA Motors, the group has analyzed the country selection through focusing on theories and viewpoints that have been learned throughout the course, eliminating any other analysis and aspects that might occur when conducting foreign direct investments. We have come