FIN902 Corporate Finance A

Obchodně podnikatelská fakulta v Karviné
zima 2007
Rozsah
0/2/0. 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?
    " Goals of the Firm
    " The Theories of Firm
    2. Capital Budgeting
    " 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
    " Cost of Capital
    " Financial Leverage and Firm Value

    6. Long-term Financing
    " Issuing Equity Securities to the Public
    " Long-Term Debt
    " Leasing
    " Hedging Risk
    7. Short-term Financing
    " Cash Budgeting and Cash Management
    " Credit Management
    8. International Corporate Finance
    " International Capital Budgeting
    " International Financial Decisions
    " International Capital Structure
    " Exchange-Rate Risk

Literatura
    povinná literatura
  • Levy, H., Sarnat, M. Capital Investment and Financial Decisions. Prentice Hall, 1990. info
  • Ross, S.A., Westerfield, R, W., Jaffe, J.F. Corporate Finance. Times Mirror/Mosby, 1988. info
  • Copeland, T.E., Weston, J.F. Financial Theory of Corporate Finance. Addison-Wesley,, 1988. ISBN 80-85605-41-4. info
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, zima 2006, léto 2007, léto 2008.