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% Document Info
\author{adarkazanli}
\pdfinfo{
  /Title (corporate-finance.pdf)
  /Creator (Cheatography)
  /Author (adarkazanli)
  /Subject (Corporate Finance Cheat Sheet)
}

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\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
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    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Corporate Finance Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{adarkazanli} via \textcolor{DarkBackground}{\uline{cheatography.com/26630/cs/7491/}}}
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\noindent
\begin{multicols}{3}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}adarkazanli \\
  \uline{cheatography.com/adarkazanli} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 13th May, 2016.\\
   Page {\thepage} of \pageref{LastPage}.
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  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
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\end{multicols}}




\begin{document}
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\begin{multicols*}{2}

\begin{tabularx}{8.4cm}{X}
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Corporate Finance {\bf{BIG PICTURE}}}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{What is Corporate Finance?}}  \tn
% Row 0
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Investment Decision-{}-}}  \{\{nl\}\} The {\bf{hurdle rate}} to reflect the riskiness of the investment and the mix of debt and equity used to fund it.   \{\{nl\}\}The {\bf{return}} should reflect the magnitude and the timing of the cashflows as well as all side effects.} \tn 
% Row Count 6 (+ 6)
% Row 1
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Financing Decision-{}-}} \{\{nl\}\}The {\bf{optimal mix}} of debt and equity maximizes firm value, also: \{\{nl\}\}the {\bf{right kind of debt matches the tenor}} of your assets.} \tn 
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% Row 2
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Dividend Decision-{}-}} \{\{nl\}\}{\bf{How much cash can you return?}} and \{\{nl\}\}{\bf{How you choose to return cash to the owners}} should it be dividend or buybacks?} \tn 
% Row Count 14 (+ 4)
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\par\addvspace{1.3em}

\begin{tabularx}{8.4cm}{X}
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Themes of Corporate Finance}}  \tn
% Row 0
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\mymulticolumn{1}{x{8.4cm}}{{\bf{1.}} Corporate finance is {\bf{common sense}}} \tn 
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% Row 1
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\mymulticolumn{1}{x{8.4cm}}{{\bf{2.}} Corporate finance is {\bf{focus}} on maximizing the value of the business.} \tn 
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% Row 2
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\mymulticolumn{1}{x{8.4cm}}{{\bf{3.}} The focus of the Corporate finance in corporate finance {\bf{changes}} across the life cycle.} \tn 
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% Row 3
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\mymulticolumn{1}{x{8.4cm}}{{\bf{4.}} Corporate finance is {\bf{universal}} (Small/large, public/private, US/emergent)} \tn 
% Row Count 7 (+ 2)
% Row 4
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\mymulticolumn{1}{x{8.4cm}}{{\bf{5.}} If you violate first principles, you will pay a price (no matter who you are)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Who owns/runs your firm?}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Case 1:}} Splintering of Stockholders  (Disney)} \tn 
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% Row 1
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Case 2:}} Voting versus Non-voting shares \& Golden Shares. (Vale)} \tn 
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% Row 2
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Case 3:}} Pyramid holdings (Tata)} \tn 
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% Row 3
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\mymulticolumn{1}{x{8.4cm}}{{\bf{Case 4:}} Legal rights \& COrporate Structures (Baidu)} \tn 
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\begin{tabularx}{8.4cm}{X}
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Examples of Companies}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{1. Institutional Default (No body will push for you - Disney 2003)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{2. Self Holdings (Largest holder is the company itself - China Mobile Ltd)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{3. The Government Influence (Vale - GDF Suez)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{4. Different voting rights (Facebook, Google, LinkedIn)} \tn 
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% Row 4
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\mymulticolumn{1}{x{8.4cm}}{5. Family Group Company (Tata, LVMH)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{6. Founders hang on (Las Vegas Sands Corp, Microsoft)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{7. Corporate Cross Holdings (Lufthansa owns Jet Blue)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{8. Activist Investors (Danone SA - Trian fund management)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Measuring Market Risks}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Life Cycle of Corporation}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Classical Objective Function}}  \tn
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\begin{tabularx}{8.4cm}{X}
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Who owns/runs your firm?}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{Who are the top stockholders? Any potential conflicts of interests?}  \tn 
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\begin{tabularx}{8.4cm}{X}
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Solutions to failed corporate financial theory}}  \tn
% Row 0
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% Row 1
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\mymulticolumn{1}{x{8.4cm}}{Choose {\bf{different objective}} \{\{nl\}\} maximize earnings, maximize revenues, maximize market share.} \tn 
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Expected Return}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{Expected Return = Riskfree Rate + Beta * (Expected Retorn on the Market Portfolio - Riskfree Rate)} \tn 
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Company Profiles}}  \tn
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\mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Page 2}}  \tn
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% That's all folks
\end{multicols*}

\end{document}