Master
2022/2023
Corporate Finance and Financial Analysis
Type:
Compulsory course (Business Analytics and Big Data Systems)
Area of studies:
Business Informatics
Delivered by:
Department of Financial Management
Where:
Graduate School of Business
When:
1 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Vladimir Sobolev
Master’s programme:
Business Analytics and Big Data Systems
Language:
English
ECTS credits:
6
Contact hours:
48
Course Syllabus
Abstract
This course covers the foundations of finance with an emphasis on applications that are vital for corporate managers. We will discuss many of the major financial decisions made by corporate managers, both within the firm and in their interactions with investors. Essential in most of these decisions is the process of valuation, which will be an important emphasis of the course. Topics include criteria for making investment decisions, valuation of financial assets and liabilities, relationships between risk and return, capital structure choice and payout policy
Learning Objectives
- The key aim of the course is 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, describe 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 and Valuation Principle
- Valuing Investments and the Company
- Portfolio Theory
- Capital Structure
- Financial and Real Options
- Mergers and Acquisitions
Interim Assessment
- 2022/2023 4th module0.4 * Examination + 0.3 * Home assignment + 0.15 * Classwork and home assignment
Bibliography
Recommended Core Bibliography
- Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.
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.