CapitalMarkets教材教学稿件.ppt

Capital Markets;Chapter Outline;International Capital Markets (cont’d);2006 Total Dollar Trading Volume on Ten Largest Equity Markets;International Capital Markets as a Source of Funds;Competition for Funds in the U.S. Capital Markets;Government Securities;Government Securities (cont’d);Corporate Securities;The Supply of Capital Funds;Flow of Funds Through the Economy;Suppliers of Funds to Credit Markets (September 2007);The Role of the Security Markets;The Role of the Security Markets (cont’d);The Organization of the Security Markets;Traditional Organized Exchanges;Regional Exchanges;Listing Requirements;Electronic Communication Networks (ECNs);The New York Stock Exchange;The NASDAQ Market;The NASDAQ Market (cont’d);World Federation of Exchanges Members (2006);Market Efficiency;Market Efficiency (cont’d);The Efficient Market Hypothesis;Regulation of the Security Markets;Securities Act of 1933;Securities Exchange Act of 1934;Securities Acts Amendments of 1975;Sarbanes-Oxley Act of 2002;Investment Banking Public and Private Placement;Chapter Outline;The Role of Investment Banking;Concentration of Capital;Gramm-Leach-Bliley Act (1999);Investment Banking Competitors;Functions of the Investment Dealer ;Underwriter;Market Maker;Advisor;Agency Functions;Distribution Process in Investment Banking;The Spread;Allocation of Underwriting Spread;Pricing the Security;Pricing the Security (cont’d);Dilution;Market Stabilization;Aftermarket;Shelf Registration (1982);Public Vs. Private Financing for Companies ;Advantages of Being Public;Disadvantages of Being Public;Public Offerings - Examples;Public Offerings – Examples;Internet Capital Group Price Chart (as of January 25, 2008);Private Placement;Advantages of Private Placement;Disadvantages of Private Placement;Going Private;Methods of Going Private;Leveraged Buyout;Leveraged Buyout (cont’d);Privatization