4208091: C15 Corporate Finance

Description

• Cost of capital and capital budgeting
• Discounted cash flow valuation and financial multiples
• Payout policy
• Equity and debt financing
• Applications of option pricing theory
• Corporate control and recapitalizations
• Enterprise Risk Management

Learning Outcomes

After successful completion of this course, students

• are able to apply relevant concepts of corporate finance on an advanced level
• know how to integrate and implement theoretical knowledge in solving practical problems
• are able to explain coherences in financial divisions of undertakings active in global competition
• expand the ability to participate in a critical dialogue within the framework of a team project
• describe enterprise risk management (ERM) and compare and contrast differing definitions of ERM, distinguish between components of an ERM
• compare the benefits and costs of ERM and describe the motivations for a firm to adopt an ERM initiative
• describe the role and responsibilities of a chief risk officer (CRO) and assess how the CRO should interact with other senior management

Lectures Method

Lecture

Literature

• Brealey, R., Myers, S. C., & Allen, F. (2014). Principles of corporate finance (11th ed.). Maidenhead: McGraw-Hill.
• Hillier, D., Grinblatt, M., & Titman, S. (2012). Financial markets and corporate strategy (2 nd ed.). New York: McGraw-Hill.
• Lam, J. (2014). Enterprise risk management: From incentives to control (2nd ed.). Hoboken: John Wiley & Sons. [Chapter 4]