Corporate Finance
[LSMS2010]
[30h] 5 credits
Teacher(s): Michel Levasseur
Language: French
Level: Second
Aims
a) systemizing and enhancing students' knowledge in corporate finance: financing mix choices, dividend policies and value enhancement;
b) motivating students for reading of well-known articles/textbooks in the field in order to prepare professionals able to update their knowledge by themselves during their career;
Main themes
Analyzing cash coming from and returning to stockholders: S.E.O., dividends et equity repurchases
Valuation: principles and practice
Content and teaching methods
An overwiew of financing choices
The financing mix : tradeoffs and theory
Dividend policy : schools and theory
Beyond cash dividends: buybacks, spinoffs, and divestitures
Discounted cash flow valuation
Terminal values: relative valuation and determinants
The R.I.V. approaches
Option applications in corporate financing: an introduction
Methods
In-class activities
- Lectures
- Exercices/PT
- Problem based learning
At home activities
- Readings to prepare the lecture
- Exercices to prepare the lecture
- Paper work
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
Evaluation : Class participation and oral examination, in French
Support : Documents provided through icampus
References : Provided in the course's presentation
Internationalisation
X international content (the content is universal)
Corporate features
Skills
X team work
X individual autonomy
X problem solving
X critical thinking
X assertiveness
Techniques and tools for teaching and learning
X IT tools
X Internet work
X modelling
X simulation
X quantitative methods
X mathematics