FIN902S Corporate Finance A

Obchodně podnikatelská fakulta v Karviné
zima 2006
Rozsah
1/2/0. 5 kr. Ukončení: z.
Garance
Ing. Michaela Roubíčková, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
The purpose of this course is to develop an understanding of the evolving theory of Corporate Finance so that the students can evaluate the firm's investment, short-term and long-term financing in keeping with an objective of maximizing shareholders wealth. This course presents an application of analytical techniques to a variety of problems in corporate finance necessary for a solid understanding of the environment in which financial decisions are made.
Osnova
  • Topics covered:
    1. Corporate Finance - An Overview
    What is corporate finance? Corporate securities as contingent claims on total firm value, the corporate firm, goals of the firm, the theories of firm.
    2. Capital Budgeting
    The financial market economy, the competitive market, the basic principles, making consumption choices, corporate investment decision-making,
    3. Investment - Basic Investment Rules
    Future value, present value, net present value. Simplifications - perpetuity, growing perpetuity, annuity, growing annuity. Basic investment rules - net present value, internal rate of return, profitability index, payback period, discounted payback period. Net present value and capital budgeting, net present value and inflation.
    4. Risk Concepts and Valuation
    Risk statistics, normal distribution and its implications for standard deviation, discount rate for risky projects, risk of simple portfolio.
    5. Capital Structure
    Influence of capital structure on firm's value, Modigliani and Miller analysis, costs of capital, financial leverage and firm value.

    6. Long-term Financing
    Issuing equity securities to the public, long-term debt, the public issue of bonds, warrants and convertibles, leasing, hedging risk.
    7. Short-term Financing
    Tracing cash and net working capital, the operating cycle and the cash cycle, cash budgeting and cash management, credit management. The decision to grant credit: risk and information, optimal credit policy, credit analysis.
    8. International Corporate Finance
    International capital budgeting, international financial decisions, international capital structure, exchange-rate risk

Informace učitele
discussion, claswork, test
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 1990, léto 1991, zima 1991, léto 1992, zima 1992, léto 1993, zima 1993, léto 1994, zima 1994, léto 1995, zima 1995, léto 1996, zima 1996, léto 1997, zima 1997, léto 1998, zima 1998, léto 1999, zima 1999, léto 2000, zima 2000, léto 2001, zima 2001, léto 2002, zima 2002, léto 2003, zima 2003, léto 2004, zima 2004, léto 2005, zima 2005, léto 2006, léto 2007, zima 2007, léto 2008, zima 2008, zima 2009, zima 2010, zima 2011.