Corporate Finance II

2024/2025

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Finance

Course type:

Elective course

When:

2 year, 1 module

Instructor

Андрианов Александр Юрьевич

Course Syllabus

Abstract

The course teaches students to analyze complex strategic issues facing an organisation, taking into account existing risks and stakeholder needs - on debt financing, APV and adjusted WACC, currency and interest rate risk, as well as on the value of the value-based management.

Learning Objectives

• The course is aimed to apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation in private and public sectors.

Expected Learning Outcomes

• Explain and evaluate the role and responsibility of the senior financial executive or advisor in meeting conflicting needs of stakeholders and recognise the role of international financial institutions in the financial management of multinationals
• Evaluate potential investment decisions and assessing their financial and strategic consequences, both domestically and internationally
• Assess and plan acquisitions and mergers as an alternative growth strategy
• Evaluate and advise on alternative corporate re-organisation strategies
• Apply and evaluate alternative advanced treasury and risk techniques

Course Contents

• 1. Debt finacing
• 2. APV and risk-adjusted WACC
• 3. Real Options
• 4. Hedging Foreign currency risk
• 5. Hedging interest rate risk
• 6. Value-Based management

Assessment Elements

• Homework
• In-group or individual online / in-class open book tests
• Exam

Interim Assessment

• 2024/2025 1st module
  0.4 * Exam + 0.1 * Homework + 0.5 * In-group or individual online / in-class open book tests

Bibliography

Recommended Core Bibliography

• Principles of corporate finance, Brealey, R.A., 2020

Recommended Additional Bibliography

• Richard Brealey, Stewart Myers, & Franklin Allen. (2020). ISE EBook Online Access for Principles of Corporate Finance: Vol. Thirteenth edition. McGraw-Hill Education.

Authors

• SOLOVEVA EKATERINA EVGENEVNA