YLAS4110 Corporate Finance (6 cr)
Learning outcomes
On successful completion of the course, students will be able to:
- calculate cost of capital using relevant benchmarks and risk profiles of firms
- valuate real assets
- examine and discuss investment and financing strategies of firms
- analyze financing choices in the light of taxation and bankruptcy costs
- describe variegated aspects of managerial incentives and motivations, and illustrate how they affect firm value
- describe various dynamics of mergers and acquisitions
- compare and use different financial derivative instruments in order to do corporate risk management at an advanced level.
Study methods
Contact teaching course, spring semester 3rd period. The study methods of the contact teaching course are specified in the study program annually.
Content
Real assets valuation, Capital Structure and Corporate Strategy, Impact of taxes on Financing Choice, Dividend policy & Share Repurchases; Bankruptcy Costs and Debt Holder-Equity Holder Conflicts; Managerial Incentives and Financial Decisions, Mergers & Acquisitions, Corporate Strategy, Risk Management (including use of financial derivatives) and Real Options.
Further information
Note: YLAA1325 and YLAS4110 are overlapping course alternatives
Materials
Recommended research articles
Lecture notes and exercises during surgery sessions
Literature:
| ISBN-number | Author, year of publication, title, publisher |
|---|---|
| 9780072294330 | Grinblatt, M. & Titman, S. 2001. Financial Markets and Corporate Strategy. 2nd edition, McGraw Hill. |
| 9780471737698 | Shapiro, A. 2006. Multinational Financial Management, 8th Edition, J. Wiley & Sons. |
| 9781133947837 | Madura, J. 2000. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.) |
Assessment criteria
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.