• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
For visually-impairedFor visually-impairedUser profile (HSE staff only)Search
Advanced search
Menu
HSE University
User profile (HSE staff only)Search
Advanced search

Course Syllabus

Bachelor 2020/2021

Corporate Finance

Type: Elective course (Economics)
Area of studies: Economics
Delivered by: Department of Finance
Where: St.Petersburg School of Economics and Management
When: 3 year, 3, 4 module
Mode of studies: offline
Instructors: Elizaveta Markovskaya
Language: English
ECTS credits: 6
Contact hours: 64

Course Syllabus

Full SyllabusAsk Question

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

Learning Objectives

  • ability to understand the methods and techniques used in the financial analysis;
  • ability to set up tasks and find the correct and useful analytical tool for financial and investment analysis, business evaluation to solve the task;
  • skills of using techniques of financial, investment analysis . business evaluation approach in the area of managing the company's activities in order to increase its efficiency
  • ability to use the corporate finance tools, financial , investment analysis, evaluation approach for a variety of purposes
Expected Learning Outcomes

Expected Learning Outcomes

  • ability to understand the methods and techniques used in the financial analysis
  • Ability to use the investment, financial analysis tools, business evaluation approach for a variety of purposes
  • Skills of using techniques of financial analysis in the area of managing the company's activities in order to increase its efficiency
Course Contents

Course Contents

  • Introduction to Corporate Finance. Fundamentals and main principles of corporate finance
  • Present value and future value
  • Risk and return
  • Fundamentals of investment analysis and making investment decisions
  • Fundamentals of managing the capital structure
  • Debt Policy
  • Strategic corporate deals
  • Payout policy
  • Fundamentals of business evaluation
Assessment Elements

Assessment Elements

  • non-blocking Auditorial work (presentations of home tasks in class,participation in discussions of class cases
    Auditorial grade = grade for the auditorial work (group discussion, home task presentation) & attendance on tutorials Audiorial attendence assesment is based on your works fulfilled during tutorials and attached in lms after classes ( 90- 100 % attended tutorials - 10, 75-89 % - 9 , 65– 74 %– 8 , 50- 64 % - 7, the rest ones (<50 %) – is assesed individually.
  • non-blocking Test
  • non-blocking Assessed home task
  • non-blocking Business game
    Teams should present investment project to the Creditors and get thei decisions.
  • non-blocking Exam Test
    The exam has 10 questions. The answers have to be written with ballpen (not pencil). Answer written with pencil will not be assessed. You only can write in the piece of sheet provided. You have to fill in the ‘Self-evaluation’ box. The time for the exam is 1 hour.
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    Оfinal result = 0.4 Оexam + 0.6 Оaccumulated , where Оaccumulated** = 0.3 Оtest + 0.3 Оbusiness game + 0.2 О home work +0.2 Оauditorial ** If accumulated mark is more than 7 (7,8,9,10) student does not need to pass the exam, in this case final grade = accumulated grade . We use 10 point grading system.
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
  • Brealey, R. A., & Myers, S. C. (2012). Principles of corporate finance. Slovenia, Europe: Irwin. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.BA880E76
  • Brealey, R. A., & Myers, S. C. (2012). Principles of corporate finance. Slovenia, Europe: Irwin. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.CC4D54D7
  • 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. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset, University Edition (Vol. 3rd ed). Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442925
  • 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
  • Principles of corporate finance, Brealey, R.A., 2016

Recommended Additional Bibliography

  • Corporate finance: theory and practice, Damodaran, A., 2001