Corporate Finance

2022/2023

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Finance

Course type:

Compulsory course

When:

3 year, 3, 4 module

Instructors

Makarova, Olga

Markovskaya, Elizaveta

Удалов Андрей Александрович

Course Syllabus

Abstract

This course will provide participants with an understanding of the techniques used to analyze major financial problems of modern company in market environment. We begin by reviewing the basic principles of corporate finance theory. Next we deepen our examination of discounted cashflow approach in corporate finance and move to risk and return analysis. Then, we look at investment analysis and foundation of investment decisions and its connection with the performance analysis. We will study basic models of valuation of corporate capital, including pricing models for primary financial assets, real assets valuation and investment projects analysis, capital structure and various types of corporate capital employed, derivative assets and contingent claims on assets. We will deal with evaluating different management decisions and its influence on corporate performance and value. The course requires the knowledge in micro and macroeconomics, accounting, theory of finance, financial management. The course is based on lectures, seminars and self-study.

Learning Objectives

• This course will provide participants with an understanding of the techniques used to analyze major financial problems of modern company in market environment.

Expected Learning Outcomes

• Ability to interpret the financial information about the enterprise performance
• Ability to prepare analytical report about the enterprise performance
• Skills of presenting the investment projects
• Ability to develop investment memorandum
• Ability to set up tasks and find the correct and useful analytical tool for project analysis

Course Contents

• . Introduction to Corporate Finance. Fundamentals and main principles of corporate finance
• . Financial reports. Financial Analysis
• Fundamentals of investment analysis and making investment decisions
• Fundamentals of managing the capital structure Theory and practice
• Fundamentals of business evaluation
• Strategic corporate deals
• Debt Policy
• Payout policy

Assessment Elements

• test
• projects
  Project 1 - financial performance analysis Project 2 - business evaluation
• Auditorial

Interim Assessment

• 2022/2023 4th module
  0.4 * test + 0.2 * projects + 0.1 * Auditorial

Bibliography

Recommended Core Bibliography

• Applied corporate finance, Damodaran, A., 2015
• Principles of corporate finance, Brealey, R.A., 2020

Recommended Additional Bibliography

• Damodaran, A. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset (Vol. 3rd ed). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442924
• Damodaran, A. (2015). Applied Corporate Finance (Vol. Fourth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639191

Presentation

• Course Presentation

Authors

• Соловьева Екатерина Евгеньевна
• MARKOVSKAYA ELIZAVETA IGOREVNA