Bachelor
2021/2022
Corporate Finance
Type:
Compulsory course (International Business and Management Studies)
Area of studies:
Management
Delivered by:
Department of Finance
When:
2 year, 2, 3 module
Mode of studies:
offline
Open to:
students of one campus
Language:
English
ECTS credits:
6
Contact hours:
60
Course Syllabus
Abstract
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
- 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
- Students are able 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
- Students are able 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 understand the principles of the credit policy of the company, the relationship of long-term and short-term decisions and their impact on the company’s value; to perform the company’s valuation based on different approaches.
- Students have knowledge in modern concepts of corporate finance; principles of the corporate financial policy; principles of investment decision-taking; methods of project efficiency measurement; basic principles of valuation; models of valuation
- Students have skills in analysis of the corporate capital structure; calculating the need for external financing of the corporation; estimation of elements of capital; investment decision-taking; business valuation.
Course Contents
- Introduction
- Present and Future Values. NPV, IRR, Payback
- Valuation of Bonds
- Valuation of Common Stocks
- Introduction to Risk and Return trade off
- Portfolio Theory and CAPM
- Cost of Capital
- Capital Budgeting
- Financing Decisions
- Payout Policy and Capital Structure
- Derivatives: options, forwards and futures
- International Corporate Finance
Assessment Elements
- Mid TermThe midterm exam is conducted using asynchronous proctoring.
- Homework project 2
- Homework project 1
- Assignments & Class Participations
- End Term ExamThe exam is conducted using asynchronous proctoring.
Interim Assessment
- 2021/2022 3rd module0.1 * Homework project 1 + 0.1 * Assignments & Class Participations + 0.29 * Mid Term + 0.1 * Homework project 2 + 0.41 * End Term Exam
Bibliography
Recommended Core Bibliography
- 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
Recommended Additional Bibliography
- 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