Understanding Stocks and Corporate Finance - Lecture 11

Explore the intricacies of the stock market and corporate finance in this 1-hour 14-minute lecture from Yale University's Financial Markets course. Delve into the role of the stock market as an information center for the corporate sector and understand how it represents individual ownership in publicly-held corporations. Learn about the various ways companies return profits to shareholders, including dividends, stock repurchases, and stock dividends. Examine the concept of corporate leverage and its implications through the Modigliani-Miller theory. The lecture covers key topics such as the corporation as a "person," share dilution, distinguishing earnings from dividends, corporate debt, and the Lintner model of dividends. Gain valuable insights into the complexities of financial markets and corporate decision-making in this comprehensive Yale University lecture.

- Chapter 1. Introduction
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- Chapter 2. The Corporation as a "Person"
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- Chapter 3. Shares, Dilutions, and Stock Dividends
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- Chapter 4. Distinguishing Earnings and Dividends, and Getting Money Out of Companies
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- Chapter 5. Stock Repurchases and the Modigliani-Miller Proposition
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- Chapter 6. Corporate Debt and Debt Irrelevance
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- Chapter 7. The Lintner Model of Dividends
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