FIUBACOF Corporate Finance

Obchodně podnikatelská fakulta v Karviné
zima 2021
Rozsah
1/2/0. 6 kr. Ukončení: zk.
Vyučující
Ing. Tomáš Heryán, Ph.D. (přednášející)
Garance
Ing. Tomáš Heryán, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA
Předpoklady
None
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.
Mateřské obory/plány
Cíle předmětu
Course objectives: The aim of the course is to provide students with basic knowledge of corporate finance, introduce students to essential knowledge in financial management. The students will gradually get acquainted with principles of theory of investment, investment appraisal methods, assessing the risks of investment, financing, and long-term financing and forms of integration enterprises. Attention is also paid to the basics of dividend policy.
Výstupy z učení
Seminar paper related to basics of the financial analysis among selected companies from a public stock exchange
Osnova
  • [1] Corporate Finance Development:
    Types of business by the organization. The emergence and development of corporations. Corporate finance and financial management. The concept of corporate finance in a market economy. Company goal. Managerial theories of a firm, simple management model, full cost model, behaviorist theories of the firm, and employee theory of the company.

    [2] Time value of the money:
    Understanding time and its impact on money play a crucial role in the modern world. If we are talking about possibilities to compare two particular cash flows in the future or how to select the right opportunity to save money against inflation, the present and future value both have the same importance.

    [3] Corporate financing:
    Own and foreign sources, long-term and short-term, their basic characteristics, advantages, and disadvantages. In other words, for any company, it is necessary to finance its activities. Each type of financing, securities as stocks, bonds, bank loans, or a specific type as accruals, would be beneficial for a company. Annuity cash flows.

    [4] Evaluation investments:
    Evaluation aspects. Yield, risk, liquidity. Net present value method. Method of internal rate of return. Profitability index method. Maturity method. Average return method to book value. Advantages and disadvantages of individual methods. Uncertainty. Probability Determination Methods. Risk of an individual asset. Portfolio risk, consisting of two assets.

    [5] Financial management:
    Types of representative conflicts, representative costs, motivational mechanisms. Information asymmetry. Management models of a joint-stock company, Anglo-American model, continental-European model. Types of dividends. Definition of dividend and its breakdown by type of share to which they are paid, by dividend form, by payout interval.
Literatura
    povinná literatura
  • ROSS, S. A., R. W. WESTERFIELD, J. JAFFE and B. D. JORDAN, 2019. Corporate Finance. 12. vyd. New York, NY: McGraw-Hill Education. ISBN 978-1-2599-1894-0.
  • BERK, J. and P. DeMARZO, 2017. Corporate Finance, Global Edition. 4 vyd. Essex: Pearson Education. ISBN 978-1-292-16016-0.
    doporučená literatura
  • CAGAN, M. 2016. Stock Market 101: From Bull and Bear Markets to Dividends, Shares, and Margins – Your Essential Guide to the Stock Market. Avon: Adams Media. ISBN 978-1-4405-9919-4.
  • HALTOFOVÁ, P., 2014. Case Studies in Financial Management. Karviná: Slezská univerzita, Obchodně Podnikatelská fakulta. ISBN 978-80-7510-028-3.
  • SWEENEY, P. D., McFARLIN, D. B. 2014. International Management: Strategic Opportunities and Cultural Challenges. New York: Taylor & Francis. ISBN 978-0-415-82528-3.
Výukové metody
Skills demonstration at seminar classes
Metody hodnocení
Two ongoing tests (max. 10 points each); a seminar paper (max. 20 points), Final written exam of max. 60 points (20p test questions, 20p compounding examples, 20p theoretical essay questions)
Vyučovací jazyk
Angličtina
Informace učitele
seminar paper(20p); two ongoing tests (2x10p); final exam (60p)
Activity Difficulty [h]
Self study 66
Lectures 13
Seminars 26
Exam 40
Summary 145
Předmět je zařazen také v obdobích zima 2022, léto 2023, zima 2024.