Fjármál fyrirtækja

NámsgreinV-107-FJAR
Önn20243
Einingar6
SkyldaJá

Ár1. ár
ÖnnHaustönn/Fall 2024
Stig námskeiðsÓskilgreint
Tegund námskeiðsSkylda
UndanfararV-104-STÆR, Hagnýt stærðfræði I
V-303-TOL1, Hagnýt tölfræði I
SkipulagEkkert skráð skipulag.
Kennari
Ender Demir
Lýsing
The course covers the fundamental concepts of corporate finance. Based on the time value of money the course discusses key instruments in equity and debt financing and their valuation. This includes a discussion of the relationship between risk and return and key theories in that respect. The course also focuses on capital budgeting and its practical application. The capital structure choice is discussed in both perfect and imperfect market settings. This includes the impact of, e.g., taxes, financial distress, conflicts of interests and agency problems as well as a discussion of ways to influence the capital structure including issuance of securities and payout policies. The course also discusses the limitations of the key theories applied in corporate finance with regard to potential ethical conflicts.
Námsmarkmið
At the end of the course students possess fundamental knowledge of
  •  corporate financing instruments and their valuation,
  •  the main theories on the relationship between risk and return from a stockholder’s and a bondholder’s perspective,
  • perfect financial markets and market imperfections,
  • capital budgeting,
  • capital structure theories,
  • conflicts of interests and agency problems,
  • issuance of securities, and
  • payout policies.
Students develop their skills to
  • calculate present and future value of cash flows and financial return measures,
  • apply financial theories to infer the cost of capital for both equity and debt  
  • analyze a firm’s capital structure and financing decisions and identify ways for improvement
  • recognize the limitations inherent in the theories discussed, including potential ethical conflicts.
Students develop their competences to
  •  participate in corporate financial decision making,
  •  identify financial challenges and find and justify appropriate solutions,
  •  reflect on the consequences of their decisions in the corporate, economic, social and ecological context, and
  •  participate in discussions about corporate finance.
Námsmat
  • Group Assignments (24%)
3 group assignments. Weight of each of the 3 assignments in the final grade: 8%. Groups will consist of four to five students each. Answers to the assignments are to be submitted electronically in Canvas. The students can expect individual questions to any or all the members of the group. The lecturer also has the right to give individual members within the group different grades if their contribution is not approximately equivalent.
  • Mini assignments (20%)
7 individual 15-minute online mini assignments; out of the 7 mini assignments the best 5 mini assignments will be taken for final grading. Weight of each of the 5 mini assignments in the final grade: 4%. Each mini assignment will consist of 2 or 3 questions. Questions can be multiple choice or open questions. 
  • Midterm exam (16%)
???????Individual 60-minute exam. The exam will consist of 5 main questions with potentially several sub-questions each. Details tba.
  • Final exam (40%)
???????Individual 120-minute exam. The exam will consist of 10 main questions with potentially several sub-questions each. Details tba.
Lesefni
Ekkert skráð lesefni.
Kennsluaðferðir
This course V-107-FJAR Corporate Finance is a 6 ECTS-credit undergraduate level course offered through the Department of Business Administration. Weekly teaching sessions two times a week for 12 weeks and weekly tutorials/problem solving sessions. 
TungumálEnska