ECGE1327 - Corporate finance
Credits :
5
Lecturer :
Teaching assistant :
Mode of delivery :
Face-to-face , second term, 45 hours of theory.
Timetable :
Second term Tuesday from 10:45 to 12:45 at 119 Marais 3200 Wednesday from 13:00 to 15:00 at 119 Marais 3200
Language of instruction :
The course will be taught in English.
Learning outcomes :
The aim of the course is to provide an insight in the major concepts and techniques in corporate finance. These concepts and techniques should allow students to set objectives of financial management and solve problems in financial management.
Prerequisites :
For the Bachelor in Business Engineering :
For the Bachelor in Economics and Management :
Co-requisites :
None
Course contents :
Introduction : The Corporation, financial decision making and the law of one price Valuing projects and firms : Investment decision rules and Fundamentals of capital budgeting
Risk and return : Capital markets and the pricing of risk ; Optimal portfolio choice and CAPM ; Estimating the cost of capital ; Investor behaviour and capital market efficiency Capital structure : CS in a perfect market ; Debt and taxes ; Financial distress ; Payout Policy If time allows : Capital budgeting and valuation with leverage
Planned learning activities and teaching methods :
Lectures
Assessment methods and criteria :
An oral exam and a group assignment.
Recommended or required reading :
Corporate Finance: The Core, 4th Edition, Jonathan Berk, Stanford University, Peter DeMarzo, Stanford University, ©2017 Pearson
Other information :
Slides and lecture notes will be provided by the lecturer (on the university's private network).
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