2022/2023
Corporate Finance
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Mago-Lego
Delivered by:
Практико-ориентированные магистерские программы факультета экономических наук
When:
2, 3 module
Online hours:
20
Open to:
students of one campus
Language:
English
ECTS credits:
6
Contact hours:
12
Course Syllabus
Abstract
The course develops conceptual framework to analyze the broad area of corporate financial decisions (investing, financing, payout, strategic deals) and provides the prevailing empirical evidence for their motives and corporate performance impact in developed and emerging capital markets. It covers topics in corporate financial architecture including governance issues and board’s role, ownership structure and how particular types of architecture influence corporate performance of a firm. It is among core professional compulsory courses of the program and provides theoretical background to other financial courses in the program and core research workshop “Research methods in finance and accounting”.
Learning Objectives
- Know the key concepts of corporate finance and the recent trends in financial studies. Know what empirical research is based on theoretical arguments in the field. Understand the connection between key concepts of corporate finance and financial decisions. Apply theoretical concepts to real companies in emerging markets.
Expected Learning Outcomes
- - to analyze the performance of a firm applying economic profit criteria; - to apply different methods for cost of debt and cost of equity estimation in developed and emerging capital markets; - to understand major empirical methods to analyze corporate financing policy, payout policy; - to understand possible impact of the corporate governance mechanism over performance; - to apply different methods to determine the life cycle of the firm;
- - to apply the real options techniques to capital budgeting problems; - to choose and apply methods of determining the optimal leverage for non-financial firms; - to estimate internal capital market efficiency; - to estimate the concept of the corporate financial architecture; - to understand the limitation of asset pricing models;
Course Contents
- Corporate finance framework for company analysis
- Designing capital structure decisions
- Corporate cost of capital
- Investing Decisions Under Uncertainty
- Managerial Flexibility
- Corporate Financial Architecture
- Changing Corporate Landscape by Successful Turnaround Strategies
Bibliography
Recommended Core Bibliography
- Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.
- 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
Recommended Additional Bibliography
- Corporate Finance: Theory and Practice / Pierre Vernimmen, Pascal Quiry, Maurizio Dal-locchio, Yann Le Fur, Antonio Salvi. – 5th ed. – Chichester: John Wiley & Sons Ltd, 2018. – 1010 p.