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OFIN 2000A - Capital Structure and Corporate Financing Decisions

Type d'enseignement : Elective

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

Students should be able to read and understand corporate balance sheets and income statements. They should also be able to compute the net present value of a project for a given cost of capital.

Course Description

Financing decisions are an important component of corporate strategy. These decisions may significantly increase (or reduce) the value that a corporation creates by efficiently using its assets. The objective of the course is to provide a solid grounding in the principles and practice of corporate finance. The course covers four themes: financial forecast, capital structure, corporate payout policy, and corporate risk management. It aims at guiding the students through the essential logic linking financing decisions, corporate risk management, and firm value. The focus is on a rigorous economic analysis of the financing frictions facing the CFO in practice. The course is comprised of a mix of lectures and practical case discussions.

Teachers

to be defined

Pedagogical format

12 seminars of two hours each (24h).

Course validation

Credits: 4. Continuous assessment grade.

Workload

The course devotes equivalent amounts of time to lectures and case discussions. Each case will give rise to a group presentation before a general class discussion. Students' evaluation is based on a final exam in class, a case presentation grade, and a participation grade.

Required reading

- Read in detail the first case (Cartwright Lumber Company) and make sure you understand all the concepts