Teacher(s)
Language
English
Prerequisites
The prerequisite(s) for this Teaching Unit (Unit茅 d鈥檈nseignement 鈥� UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Learning outcomes
At the end of this learning unit, the student is able to : | |
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Content
This course aims at familiarizing students with general principles of corporate finance. A particular focus is giving to capital budgeting techniques, risk and return, the CAPM and the cost of capital. Capital structure implications to the value of the firm are also discussed, together with payout policy and financial distress.
Introduction :
The Corporation, financial decision making and the law of one price
Valuing projects and firms :
Investment decision rules and Fundamentals of capital budgeting
Risk and return :
Capital markets and the pricing of risk ; Optimal portfolio choice and CAPM ; Estimating the cost of capital ; Investor behavior and capital market efficiency
Capital structure :
CS in a perfect market ; Debt and taxes ; Financial distress ; Payout Policy
Introduction :
The Corporation, financial decision making and the law of one price
Valuing projects and firms :
Investment decision rules and Fundamentals of capital budgeting
Risk and return :
Capital markets and the pricing of risk ; Optimal portfolio choice and CAPM ; Estimating the cost of capital ; Investor behavior and capital market efficiency
Capital structure :
CS in a perfect market ; Debt and taxes ; Financial distress ; Payout Policy
Teaching methods
The lecture
During the lectures the theoretical concepts will be explained. Examples will be integrated and demonstrated in the lectures.聽Students are encouraged to participate to class, answering to questions that will be raised.
In order to prepare the students for their MS Excel assignment, online exercise sessions will be organised showing how to make financial calculations in MS Excel.聽
During the lectures the theoretical concepts will be explained. Examples will be integrated and demonstrated in the lectures.聽Students are encouraged to participate to class, answering to questions that will be raised.
In order to prepare the students for their MS Excel assignment, online exercise sessions will be organised showing how to make financial calculations in MS Excel.聽
Evaluation methods
This course will be assessed based on :
1) a written exam:
During an on-campus closed book exam theoretical concepts will need to be defined and explained and corporate finance problems need to be solved;
2) A group assignment in which the theoretical concepts will need to be applied and calculations will need to be (20% of the final mark).
1) a written exam:
During an on-campus closed book exam theoretical concepts will need to be defined and explained and corporate finance problems need to be solved;
2) A group assignment in which the theoretical concepts will need to be applied and calculations will need to be (20% of the final mark).
Online resources
On the university鈥檚 electronic platform the following additional information will be offered:
- course videos
- a copy of the slides used
- the exercises that will be solved during the lecture or in the videos.
-聽additional exercises will be added (with or without solutions).
- course videos
- a copy of the slides used
- the exercises that will be solved during the lecture or in the videos.
-聽additional exercises will be added (with or without solutions).
Bibliography
Corporate Finance 6th Edition, Jonathan Berk, Stanford University, Peter DeMarzo, Stanford University, 漏2023 Pearson. ISBN-13 : 978-1292446318
Faculty or entity
Programmes / formations proposant cette unit茅 d'enseignement (UE)
Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
