FIN 301 Chapter Notes - Chapter 6: Vertical Integration, Dividend, W. M. Keck Observatory
Document Summary
Chapter 6 the financial life cycle of the firm: from raising capital to acquisitions, 6. 1 regulating the financial markets: the securities and exchange commission. The principal regulator of all primary and secondary market activity in the united states is the securities and exchange commission (sec: following the stock market crash of 1929 and the great depression of the early. 1930s, a wave of financial regulation was implemented to curb market speculation and fraud, and to strengthen investor confidence. Its goal is to create a level playing field for investors and minimize the information asymmetries that existed in the early 1900s. United states and all of the financial institutions and finance professionals that participate in this market. 6. 2 early stages of the financial life cycle of the firm. Bank loans are usually for a specified time frame, often one year or less. Therefore, many start-up firms seek venture capital to finance early growth and development.
