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Regular version of the site

Corporate Finance

2017/2018
Academic Year
ENG
Instruction in English
6
ECTS credits
Course type:
Compulsory course
When:
2 year, 3, 4 module

Instructors

Course Syllabus

Abstract

The key aim of the course is to provide students with knowledge and skills in taking corporate financial and investment decisions, develop analytic instruments to assess the effectiveness and efficiency of such decisions, elaborate models of corporate financial management. This course gives students the opportunity to specialize in corporate finance, one of the most popular sectors of financial services and will give students the knowledge to successfully navigate the rapidly changing global landscape of corporate finance. On this programme students will develop the practical skills to understand and interpret complex valuations. Corporate finance course is intended to provide necessary knowledge and basic skills in evaluating financing and investment decisions and their influence on corporate performance and value.
Learning Objectives

Learning Objectives

  • To provide students with knowledge and skills in taking corporate financial and investment decisions, develop analytic instruments to assess the effectiveness and efficiency of such decisions, elaborate models of corporate financial management.
Expected Learning Outcomes

Expected Learning Outcomes

  • To apply modern models for the analysis of capital structure, dividend policy, the financial architecture of the company, financial corporate control and corporate governance,
  • To reveal the fundamental factors affecting corporate financial and investment decisions;
  • To evaluate the efficiency of investment projects of different types,
  • To calculate the cost of capital, to analyze empirical data that determines risk factors;
  • To build long-term and short-term financial models, describing the company's growth;
  • To perform the company’s valuation based on different approaches
  • To perform the company’s valuation based on different approaches.
Course Contents

Course Contents

  • Goals and Governance of the Firm
  • Present and Future Values. NPV, IRR, Payback
  • Bond Valuation
  • Value of Common Stocks
  • Risk and Return
  • Portfolio Theory and the Capital Asset Model Pricing
  • Risk and the Cost of Capital
  • Capital Budgeting
  • Financing Decisions
  • Payout Policy and Capital Structure
  • Derivatives: options, forwards and futures
Assessment Elements

Assessment Elements

  • non-blocking Class activity
  • non-blocking Tests
  • non-blocking Homework 1
  • non-blocking Homework 2
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    0.14 * Class activity + 0.14 * Homework 2 + 0.3 * Exam + 0.14 * Homework 1 + 0.28 * Tests
Bibliography

Bibliography

Recommended Core Bibliography

  • Brealey, R. A., & Allen, F. (2015). Principles of corporate finance. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.BEEE7487

Recommended Additional Bibliography

  • Ross, S. A., Westerfield, R., & Jordan, B. D. (2012). Fundamentals of corporate finance. Slovenia, Europe: McGraw-Hill. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.D5D5B17E