Essentials of Corporate Financial Management by Glen Arnold - podcasts

Dividend Policy - dividends as a signal and innovative trading of dividends

Kevin concludes the topic of dividend policy. It compares two recent The Financial Times articles on the payment of dividends. The first looks at an increase in dividends at Lloyds TSB (The Financial Times 31 July 2007). The second looks at the use of innovative trading of dividends by Investment Banks (The Financial Times 11 July 2007).

Dividend Policy - the impact of dividends on share price

Kevin introduces the topic of Dividend Policy. It examines the impact of dividends on the share price. It features a recent article on dividend payments by AIM companies (The Financial Times 4 Oct 2007).

Capital Structure - financial distress

Kevin examines the issue of financial distress. He examines this topic with the example of Eurotunnel plc

Capital Structure - gearing and why debt finance is cheaper

Kevin looks at the topic of capital structure. In this episode we see why debt finance is normally much cheaper for companies than the alternative of issuing equity finance. We also examine various measures of gearing.

Share valuation techniques

Kevin introduces the dividend valuation model. This is the key technique used for company valuations. We see how this can be used to place a value on the shares in the Pearson Group.