Бакалавриат
2021/2022
Корпоративные финансы
Лучший по критерию «Полезность курса для расширения кругозора и разностороннего развития»
Лучший по критерию «Новизна полученных знаний»
Статус:
Курс по выбору (Экономика)
Направление:
38.03.01. Экономика
Кто читает:
Школа финансов
Где читается:
Факультет экономических наук
Когда читается:
4-й курс, 3 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для всех кампусов НИУ ВШЭ
Преподаватели:
Виноградова Вероника Сергеевна,
Малышев Павел Юрьевич,
Микова Евгения Сергеевна,
Ованесова Юлия Сергеевна,
Хромова (Фокина) Элла Павловна
Язык:
английский
Кредиты:
3
Контактные часы:
40
Course Syllabus
Abstract
The course develops theoretical framework for understanding and analysing major financial problems of a corporation operating in market environment. The course covers capital budgeting issues, capital structure theory, payout policy, risk management discussions and M&A motives. The course is based on lectures, classes, groupwork and self-study.
Learning Objectives
- Understand and apply principles of modern financial analysis
- Be able to discuss different stakeholders’ goals as a source of agency conflicts
- Understand and apply capital budgeting techniques when making investment decisions
- Be able to discuss the logic of capital structure decisions and understand how market imperfections influence capital structure decisions
- Understand corporate payout decisions and be able to discuss market reaction to dividend payout
- Be able to discuss logic of risk management decisions and sources to increase company value
- Be able to discuss M&A motives and value creation via restructuring
Course Contents
- Introduction: Modern Company and Its Environment
- Investment decisions: Capital Budgeting
- Capital Structure Choice and Corporate Value
- Agency Cost and Asymmetric Information
- Payout Policy
- Interrelation of Financing and Investment Decisions
- Valuation and Risk Management Policy
- M&A and Corporate Restructuring
- Group project presentations
Bibliography
Recommended Core Bibliography
- Principles of Corporate Finance, 11th global ed., XXVIII, 889 p., AP 1-10, Gl 1-18, I 1-25, Brealey, R. A., Myers, S. C., Allen, F., 2014
Recommended Additional Bibliography
- Study Guide to Accompany Brealey and Myers "Principles of Corporate Finance, 4th ed.", D'Ambrosio, C. A., 1991