FIUBPFIP Corporate Finance

School of Business Administration in Karvina
Winter 2024
Extent and Intensity
1/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Petra Růčková, Ph.D. (lecturer)
Ing. Tomáš Heryán, Ph.D. (seminar tutor)
Mgr. Tetiana Konieva, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Petra Růčková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA
Timetable
Thu 11:25–12:10 VYAULA
  • Timetable of Seminar Groups:
FIUBPFIP/01: Tue 11:25–13:00 A423, T. Konieva
FIUBPFIP/02: Tue 13:05–14:40 A423, T. Konieva
FIUBPFIP/03: Tue 8:05–9:40 A423, T. Konieva
FIUBPFIP/05: Thu 12:15–13:50 A318, T. Heryán
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(P) && (ROCNIK(2) || ROCNIK(3))
None
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 130 student(s).
Current registration and enrolment status: enrolled: 85/130, only registered: 0/130
fields of study / plans the course is directly associated with
Course objectives
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.
Learning outcomes
The student can define types of enterprises according to the methods of organization, define the essence of each type of organization in terms of the method of financing, can explain the importance of business objectives, define the representative conflict and its impact on business activity. The student is able to distinguish between different financing methods, can define the importance of different sources of financing in terms of operations and investments, can define sources of financing with respect to the stages of the life cycle of the enterprise, can define the differences of different sources of financing. The student can define investments and classify them according to the asset in which the funds are invested, can illustrate the different types of investments with a concrete example, can define the effect of the time value of money on the efficiency of investments, can calculate the future and present value of an investment, can interpret the calculated results, can incorporate the effect of inflation and multiple interest into investment decisions. The student can define the basic parameters of individual investment evaluation methods, can define the advantages and disadvantages of individual methods in terms of practical use, define opportunity costs and their importance in terms of investment evaluation methods, can assess the quality of investment in comparison with each other. The student can distinguish between the concepts of risk and uncertainty, can calculate the risk of a single asset and assess an investment in terms of the level of risk per unit of return, can explain the nature of diversification and its impact on the development of the performance of an enterprise, can calculate the risk of a simple portfolio and decide which combination of assets is more advantageous, can distinguish between unique and market risk. The student can distinguish the essence of microeconomic integration, can define the basic advantages and disadvantages of the microeconomic integration process, can explain the essence of different forms of microintegration and can distinguish them from each other, can explain the principle of synergy effect.
Syllabus
  • 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. 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.
    3. Time value of the money
    Understanding time and its impact on money plays 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.
    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. Risk
    Risk versus uncertainty. Single asset risk. Methods of determining probability. Options for comparing asset risk. Portfolio risk. Jedinečné a tržní riziko. Diversification. The importance of the correlation coefficient in the evaluation of a two-component portfolio.
    6. Microeconomic integration
    The nature of microeconomic integration. The most important advantages and disadvantages. Synergy effect. Nature and types of takeovers. Hostile takeovers and active and passive defences. Vznik a podstat holdingu. Joint venture and its advantages. Regulation of individual micro-integration processes in the legal system of the Czech Republic.
Literature
    required literature
  • RŮČKOVÁ, P., ROUBÍČKOVÁ, M. Finanční management. Praha: Grada Publishing, 2012. ISBN 978-80-247-4047-8. info
  • ROUBÍČKOVÁ, M. Finance podniku. OPF SLU Karviná, 2012. ISBN 978-80-7510-023-8. info
  • SZAROWSKÁ, I., VODOVÁ, P., MATUSZEK, S. Finance podniku A - sbírka příkladů. SU Opava, 2008. ISBN 978-80-7248-487-4. info
  • HRDÝ, M. a M. KRECHOVSKÁ, 2017. Podnikové finance v teorii a praxi. 2. vyd. Praha: Wolters Kluwer. ISBN 978-80-7552-449-2.
  • SCHOLLEOVÁ, H., 2015. Finance podniku – sbírka řešených otázek a příkladů. Praha: Grada Publishing. ISBN 978-80-247-5544-1
  • WATSON, D., 2016. Corporate finance : principles and practice. Seventh edition. Harlow, England: Pearson. ISBN 9781292103037.
    recommended literature
  • ZALAI, K., 2016. Finančno-ekonomická analýza podniku, 9. vyd. Bratislava: Sprint 2. ISBN 978-80-8971-022-5.
  • VÁCHAL, J. a M. VOCHOZKA, 2013. Podnikové řízení. Praha: Grada Publishing. ISBN 978-80-247-4642-5.
  • VLACHÝ, J., 2015. Corporate Finance, Exercises. Praha: Leges. ISBN 978-80-7502-085-7.
  • BREALEY, R. A., 2017. Principles of corporate finance. Twelfth edition. New York: McGraw-Hill Education. ISBN 9781259253331.
  • KALOUDA, F., 2016. Finanční analýza a řízení podniku. Plzeň: Vydavatelství a nakladatelství A. Čeněk. ISBN 978-80-7380-591-3.
Teaching methods
Lecture, text work, interview, teamwork, cooperative and collaborative learning, teaching through case studies
Assessment methods
Written exam
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course can also be completed outside the examination period.
Teacher's information
Activity Difficulty [h]
Ostatní studijní zátěž 66
Přednáška 13
Seminář 26
Zkouška 40
Summary 145
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023.
  • Enrolment Statistics (recent)
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