Description

This course aims at providing a global view on financial markets and an introduction to corporate finance. Tools developed show how finance can create value and support executives to make investment, financing and distribution decisions.

Compétences visées

At the end of the course, students should be able to:

- Have a broad view on the foundations of modern finance theory that ground any financial decisions

- Apply the general objective framework of stock value maximization regarding investment and financing decisions.

- Compute all relevant information on excel spreadsheets.

- Apply the general principles of asset valuation to stocks and bonds.

- Apply portfolio theory in corporate finance and compute the WACC

- Extract useful information from financial statements to support financial decisions

- Apply capital budgeting principles

- Know about the principles guiding capital structure

Modalités d'organisation et de suivi

Lectures and real case studies or exercises to be presented at the end of the session  

Disciplines

• Sciences économiques
• Sciences de gestion et du management

Bibliographie

• Aswath DAMODARAN: Corporate Finance, Wiley 2nd edition. Resources on the text’s web site: http://www.wiley.com/college/damodaran
• Academic paper: John R. Graham, Campbell R. Harvey (2001), “The theory and practice of corporate finance: evidence from the field”, Journal of Financial Economics 60, 187-243.

Contacts

Responsable(s) de l'enseignement

• Andre Schmitt