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Handbook of Singapore — Malaysian Corporate Finance
- 1st Edition - January 1, 1970
- Editors: Tan Chwee Huat, Kwan Kuen-Chor
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 0 9 - 9 9 5 4 8 - 0
- eBook ISBN:9 7 8 - 1 - 4 8 3 1 - 0 5 8 6 - 4
Handbook of Singapore – Malaysian Corporate Finance discusses topics that are relevant to the acquisition of funds by Singaporean and Malaysian corporations. The book is comprised… Read more
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Request a sales quoteHandbook of Singapore – Malaysian Corporate Finance discusses topics that are relevant to the acquisition of funds by Singaporean and Malaysian corporations. The book is comprised of 19 chapters that cover the domestic sources of corporate funding and various aspects of international finance. The coverage of the text includes financial institutions and markets; exchange-rate systems and policies; and the role of Singaporean and Malaysian stock exchanges. The book also deals with the taxation aspects of corporate finance; the futures market; and financing from overseas. The text will be of great use to financial managers, bankers, and professional investors who want to be more aware of the Singaporean and Malaysian corporate finance.
Preface
Contributors
1 The Corporate Funding Decision
1.01 Introduction
1.02 Financial Objectives of the Firm
1.03 The Basic Issue: Returns and Risks
1.04 Short-Term Funding Decision: Current Liability Management
1.05 Long-Term Funding Decision: Capital Structure
1.06 Cost of Capital
2 Financial Institutions and Markets
2.01 Introduction
2.02 Financial Institutions in Singapore
2.03 The Capital Market in Singapore
2.04 The Foreign Exchange Market in Singapore
2.05 Financial Institutions in Malaysia
2.06 The Capital Issues Committee
2.07 The Kuala Lumpur Stock Exchange
2.08 The Kuala Lumpur Commodity Exchange
3 Interest Rates and Credit
3.01 Introduction
3.02 Interest Rates
3.03 Money, Credit and Monetary Policy
3.04 Practical Guide to Interest Rate Determination
3.05 Immunizing Interest Rate Risk
3.06 Conclusion
4 Exchange-Rate Systems and Policies
4.01 Introduction
4.02 Choice of an Exchange-Rate System
4.03 Factors Leading to Singapore's Decision to Float its Dollar in 1973
4.04 Formulation of Exchange-Rate Policy in Singapore
4.05 Implementation of Exchange-Rate Policy
4.06 Revival of the Gold Standard
5 Role of Singapore and Malaysian Stock Exchanges
5.01 Introduction
5.02 Development of the SES
5.03 Structure and Operations of the SES
5.04 Development of the KLSE
5.05 Regulation of the Securities Industry
5.06 Functions of the New Issue Market and the Secondary Market
5.07 Patterns of Share Ownership
5.08 Efficiency of the Equity Market
5.09 Costs and Pricing of New Equity Issues
5.10 Financial Characteristics of Listed Companies
5.11 Capital Investment Decisions
6 Raising Equity Capital
6.01 Introduction
6.02 Flotation of a Business
6.03 Distinction between a Public Issue and a Private Placement
6.04 Public Issues (Ordinary Shares) (1981-85)
6.05 SES Listing Requirements
6.06 Criteria for Listing on the First Trading Section
6.07 Continuing Listing Requirements/Corporate Disclosure Policy
6.08 Raising of Further Capital after Listing
6.09 Role of Managers and Underwriters
6.10 Public Documents/Circulars
6.11 Processing Time and Costs of Flotation
6.12 Listing Requirements of the KLSE
6.13 Conclusion
7 Unit Trusts
7.01 Introduction
7.02 Basic Features of a Unit Trust
7.03 Mechanics of Investing in Unit Trusts
7.04 Types of Funds Operated by Unit Trusts
7.05 Risk-Adjusted Performance of Unit Trusts
7.06 Attractive Features of Unit Trusts
7.07 Who Should Invest in Unit Trusts
7.08 Summary and Conclusions
8 Venture Capital
8.01 Introduction
8.02 Development of Venture Capital
8.03 Characteristics of the Venture Capital Process
8.04 Venture Capital in Singapore
8.05 Private Venture Capital Activities in Singapore
8.06 Venture Capital in Malaysia
8.07 Assistance Schemes for Small Businesses and Entrepreneurs in Malaysia
9 Mergers and Acquisitions
9.01 Introduction
9.02 Acquisitions in Singapore and Malaysia
9.03 Types of Takeover
9.04 Potential Gains of Takeovers
9.05 The Regulatory Environment
9.06 Pricing of the Shares of Takeover Targets
9.07 Impact of Takeovers on the Acquiring and Target Companies
9.08 Summary and Conclusions
10 Commercial Bank Finance
10.01 Introduction
10.02 Lending Criteria
10.03 Sources of Finance
10.04 Security
10.05 Conclusion
11 Equipment Leasing
11.01 Introduction
11.02 What is Leasing
Part I Lease Transactions
11.03 A Typical Lease Transaction
11.04 Types of Lease
11.05 Reasons for Leasing
11.06 Negotiating a Lease
11.07 Evaluating a Lease Transaction
Part II The Singapore Leasing Industry
11.08 Historical Background
11.09 Structure and Legislation
11.10 Finances
11.11 Marketing
12 Factoring and Accounts Receivable Financing
12.01 Introduction
12.02 Factoring
12.03 Factoring Sources in Singapore and Malaysia
12.04 Laws Governing Factoring
12.05 Factoring Companies and Commercial Banks
12.06 Clients and Industries Suitable for Factoring
12.07 Types of Factoring Facility
12.08 Market Potential
12.09 Competition
12.10 Marketing and Operating Strategies
12.11 Conclusion
13 Financing from Overseas
13.01 Introduction
13.02 Reasons for Overseas Financing
13.03 Sources of Overseas Financing
13.04 Types of Overseas Financing
13.05 Conclusion
14 International Trade Finance
14.01 Introduction
14.02 Payment Terms in International Trade
14.03 Basic Documents Used in International Trade
14.04 Documentation of a Typical International Trade Transaction
14.05 Other Sources of International Trade Financing
14.06 Counter-trade
15 Export Credit Insurance
15.01 Introduction
15.02 What is Export Credit Insurance
15.03 Why Credit Insure
15.04 Export Credit Insurance and International Trade Finance
15.05 Sources of Export Credit Insurance
15.06 Conclusion
16 The Foreign Exchange Market
16.01 Introduction
16.02 Foreign Exchange Markets in Singapore and Malaysia
16.03 Foreign Exchange Transactions
16.04 Value Dates
16.05 Exchange Rate Quotations
16.06 Calculation of Forward Exchange Rates
16.07 Cross Rates
16.08 Arbitrage
16.09 Linkage Between Spot and Forward Markets
16.10 Currency Futures
17 The Futures Market
17.01 Background of Global Futures Exchanges
17.02 Nature of Futures Contract
17.03 Advantages over Cash Market
17.04 Users and Uses
17.05 Raison d'être for SIMEX
17.06 Birth of SIMEX
17.07 New Organizational Structure
17.08 Membership
17.09 The Mutual Offset System
17.10 The Clearing House and Financial Safeguards
17.11 The Common Bond System and Financial Integrity
17.12 Margins and Financial Losses
17.13 Regulation
17.14 Promotional Strategies: Marketing, Incentives and Training
17.15 Benefits Arising from the CME Link
17.16 Future Developments
18 Options
18.01 Introduction
18.02 Put and Call Options
18.03 Valuation of Call and Put Options
18.04 The Black-Scholes Call Option Valuation Formula
18.05 Option Trading Strategies
18.06 Option and Futures Market
19 Taxation Aspects of Corporate Finance
19.01 Introduction
19.02 Taxation Bases of Local Providers of Capital
19.03 Taxation Basis of Alternative Operating Structures
19.04 Debt and Equity Funding
19.05 Taxation Aspects of Foreign Borrowings
19.06 Mergers and Acquisitions
19.07 Taxation of Dividends and Dividend Policy
19.08 Alternative Forms of Income
19.09 Leasing
Index
- No. of pages: 368
- Language: English
- Edition: 1
- Published: January 1, 1970
- Imprint: Butterworth-Heinemann
- Paperback ISBN: 9780409995480
- eBook ISBN: 9781483105864
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