Corporate Finance

2021/2022

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Школа финансов

Статус:

Курс по выбору

Когда читается:

4-й курс, 3 модуль

Преподаватели

Виноградова Вероника Сергеевна

Малышев Павел Юрьевич

Микова Евгения Сергеевна

Ованесова Юлия Сергеевна

Хромова (Фокина) Элла Павловна

Course Syllabus

Abstract

The course develops theoretical framework for understanding and analysing major financial problems of a corporation operating in market environment. The course covers capital budgeting issues, capital structure theory, payout policy, risk management discussions and M&A motives. The course is based on lectures, classes, groupwork and self-study.

Learning Objectives

• Understand and apply principles of modern financial analysis
• Be able to discuss different stakeholders’ goals as a source of agency conflicts
• Understand and apply capital budgeting techniques when making investment decisions
• Be able to discuss the logic of capital structure decisions and understand how market imperfections influence capital structure decisions
• Understand corporate payout decisions and be able to discuss market reaction to dividend payout
• Be able to discuss logic of risk management decisions and sources to increase company value
• Be able to discuss M&A motives and value creation via restructuring

Course Contents

• Introduction: Modern Company and Its Environment
• Investment decisions: Capital Budgeting
• Capital Structure Choice and Corporate Value
• Agency Cost and Asymmetric Information
• Payout Policy
• Interrelation of Financing and Investment Decisions
• Valuation and Risk Management Policy
• M&A and Corporate Restructuring
• Group project presentations

Assessment Elements

• Quiz
• Group Project
• Mid-Term Test
• Final Exam

Interim Assessment

• 2021/2022 3rd module

Bibliography

Recommended Core Bibliography

• Principles of Corporate Finance, 11th global ed., XXVIII, 889 p., AP 1-10, Gl 1-18, I 1-25, Brealey, R. A., Myers, S. C., Allen, F., 2014

Recommended Additional Bibliography

• Study Guide to Accompany Brealey and Myers "Principles of Corporate Finance, 4th ed.", D'Ambrosio, C. A., 1991

Presentation

• Course Information and Rules

Authors

• MIKOVA EVGENIYA SERGEEVNA
• MALYSHEV PAVEL YUREVICH
• OVANESOVA YULIYA SERGEEVNA
• VINOGRADOVA VERONIKA SERGEEVNA