Theoretical corporate finance techniques used by Moroccan listed firms
مقدم أطروحة جامعية
مشرف أطروحة جامعية
Bin Jilun, Hisham Abd al-Wahhab
الجامعة
جامعة الأخوين
الكلية
كلية إدارة الأعمال
دولة الجامعة
المغرب
الدرجة العلمية
ماجستير
تاريخ الدرجة العلمية
2013
الملخص الإنجليزي
The goal of this paper is to study the application of corporate finance theories among twenty-nine companies listed in Casablanca Stock Exchange.
The survey used to collect the information is based on Graham and Harvey’s (2001) questionnaire carried out to CFOs in the United States.
Brounen, De Jong and Koedijk (2004) in Europe, Chazi, Terra and Zanella (2010) in Middle East region and Seven-Olov and Hartwig (2012) in Sweden also used the survey.
Using the same survey as all the studies above helped in comparing the findings with the different results of those studies.
The study is composed of three sections investigating the capital budgeting practices, cost of capital and finally the capital structure.
Overall, the most interesting remark is that most corporate finance methods used by Moroccan financial officers is similiar to the methods used by managers in the Midlle East region, to some extent American CFOs, yet, differente from the European managers.
The Net Present Value is the most used method in project evaluation followed by the Internal Rate of Return and payback period approach.
The cost of capital in Morocco is estimated using the Capital Asset Pricing Model and companies prefer to use company-wide discount rate and overseas dicount rate for their projects in foreign market.
Finally,interest rate deductibility advantage, the financial flexibility and getting the lowest interest rate are the most important factors in determining the capital structure for the Moroccan companies.
التخصصات الرئيسية
عدد الصفحات
41
قائمة المحتويات
Table of contents.
Abstract.
Chapter One : Introduction.
Chapter Two : Methodology and data collection.
Chapter Three : Literature review.
Chapter Four : Capital budgeting techniques.
Chapter Five : Cost of capital.
Chapter Six : Capital structure of Moroccan listed firms.
Chapter Seven : Study limitations
Chapter Eight : Conclusion.
References.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
al-Alami, Ala al-Din. (2013). Theoretical corporate finance techniques used by Moroccan listed firms. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-626688
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
al-Alami, Ala al-Din. Theoretical corporate finance techniques used by Moroccan listed firms. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2013).
https://search.emarefa.net/detail/BIM-626688
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
al-Alami, Ala al-Din. (2013). Theoretical corporate finance techniques used by Moroccan listed firms. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-626688
لغة النص
الإنجليزية
نوع البيانات
رسائل جامعية
رقم السجل
BIM-626688
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر