5.0 credits
30.0 h
1q
Teacher(s)
Colmant Bruno (compensates Riachi Ilham) ;
Riachi Ilham ;
Language
Anglais
Main themes
The financing process and the capital structure
Analyzing cash coming from and returning to stockholders: S.E.O., dividends et equity repurchases
Valuation: principles and practice
Aims
The objective of the class is twofold. It is about:
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;
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
Content
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
Prerequisites :good level and financial accounting and in financial mathematics
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
Faculty or entity<
