Corporate Financial Management (5 ECTS)

Objective

Upon completion of the course, students will understand the issues that influence how a company raises capital. They understand the relative costs of different forms of capital. Students will be able to conduct analyses of investment projects. They understand payout policies and alternatives as well as approaches to managing risk.

Content

-Corporate governance theories
Capital structure
-Cost of capital
-Leverage effects
-Capital budgeting and appraisal
-Payout policy
-Risk management

Location and time

Please see OMA for rooms and meeting times

Materials

Recommeded reading:
Gitman, Lawrence J. Principles of Managerial Finance, Brief Sixth Edition, Pearson Prentice Hall, 2012 (ISBN 978-0-13-611945-6) or similar

Prerequisites: An introductory course in Finance and an introductory course in Financial Accounting. If in doubt about the suitability of your previous courses, please contact the lecturer.

Teaching methods

This course will be delivered in person unless health authorities or the University decide otherwise.

Exam schedules

There is no exam for this course. See "Evaluation Criteria" for further information.

Completion alternatives

None

Student workload

5 credit course = 130 hours of student workload which can be broken down as follows:

Contact classes 39 hours
Self-directed learning 91 hours

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply their knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment methods and criteria

Homework assignments* 20 %
M&A case 10 %
Firm valuation case 20 %
Applied project 50 %
Total 100 %

Qualifications

Finance or equivalent basic studies