Corporate Finance

NámsgreinV-765-CORP
Önn20193
Einingar7,5
Skylda

Ár1. ár
ÖnnHaustönn/Fall 2019
Stig námskeiðsÓskilgreint
Tegund námskeiðsValnámskeið
UndanfararEngir undanfarar.
SkipulagEkkert skráð skipulag.
Kennari
Claus Parum
Lýsing
 The purpose of the course is to provide students with a solid knowledge of theories and models for corporations’ capital budgeting and financing decisions and to enhance their skills and competences to apply this knowledge. The following topics and concepts are covered: Goal of the corporation, the capital budgeting decision, investment decisions under certainty, relationship between risk and return (portfolio risk, beta and CAPM), cost of capital, analyzing capital budgeting and risk, practical problems in capital budgeting, financing decisions, payout policy, capital structure, corporate governance and control, and an overview of the efficient market hypothesis. The course also addresses financial leasing, mergers, and corporate restructuring.
Námsmarkmið
Knowledge: On completion of the course students should:
- Be familiar with corporate finance vocabulary / theories / methods / models and underlying assumptions.
- Have a clear understanding of the goal of the corporation.
- Understand the relationship between risk and return.
- Have a clear understanding of how to estimate the cost of capital and how to value projects, firms, and stocks.
- Have a clear understanding of when financing (capital structure) and payout policy matters and when it does not.
- Be familiar with corporate control (who runs the business?) and corporate governance (making sure managers act in shareholders’ interests).
- Be familiar with the Efficient Market Hypothesis.
Skills: On completion of the course students should:
- Be able to evaluate a proposed investment project.
- Be able to assess the value impact of changes in capital structure and of payout policy.
- Be able to analyze financial leasing, mergers, and corporate restructuring.
- Be able to identify the effects of agency problems (conflicts of interests) and asymmetric information on the allocation of capital.

Competences: On completion of the course students should:
- Be able to independently combine and logically structure corporate finance vocabulary / theories / methods / models / regulatory/institutional/practical knowledge, and empirical evidence to solve corporate finance problems.
- Be able to solve corporate finance problems through accurate and correct calculations.
- Be able to show, explain and justify all relevant calculations to solve a given problem and to state and discuss the assumptions behind the theories / methods / models.
- Be able to manage a firm’s investments and justify investment decisions.
- Be able to make and justify financing decisions in the corporate context.
- Develop and implement a firm’s payout policy.
- Be able to work both independently and in a team on the financial issues of a firm.

Námsmat

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