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McGraw-Hill Ryerson © 2003 McGraw–Hill Ryerson Limited
Corporate Finance
Ross Westerfield Jaffe Sixth Edition
13
Chapter Thirteen
Corporate Financing Decisions
and Efficient Capital Markets
Prepared by Gady Jacoby
University of Manitoba and
Sebouh Aintablian
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McGraw-Hill Ryerson © 2003 McGraw–Hill Ryerson Limited
Chapter Outline
13.1 Can Financing Decisions Create Value?
13.2 A Description of Efficient Capital Markets 13.3 The Different Types of Efficiency
13.4 The Evidence