Corporate Finance (Names from A to K)

llsms2100  2020-2021  Louvain-la-Neuve

Corporate Finance (Names from A to K)
En raison de la crise du COVID-19, les informations ci-dessous sont susceptibles d’être modifiées, notamment celles qui concernent le mode d’enseignement (en présentiel, en distanciel ou sous un format comodal ou hybride).
5 crédits
30.0 h
Q1
Enseignants
Grégoire Philippe; Nguyen Anh (supplée Zhang Yue); Thewissen James; Zhang Yue;
Langue
d'enseignement
Anglais
Préalables
  • Econometrics, Finance and Fundamental mathematical and statistical concepts. Concepts covered in courses such as the ones listed below should be known.
  • Econométrie [ LECGE1316 ]
  • Mathématiques en économie et gestion I [ LECGE1112 ]
  • Mathématiques en économie et gestion II [ LECGE1230 ]
  • Statistique en économie et gestion I [ LECGE1114 ]
  • Statistique en économie et gestion II [ LECGE1224 ]
  • Finance [ LECGE1332 ]
Thèmes abordés
The course will cover the following topics:
  • Portfolio theory
  • CAPM
  • APT
  • Market efficiency
  • Capital structure, dividends
  • Derivative products and Option pricing in discrete time
  • Real options analysis
Acquis
d'apprentissage

A la fin de cette unité d’enseignement, l’étudiant est capable de :

1 The goal of this course is to develop fundamental insights in corporate finance, i.e., in the financial management of corporations. After completing the course, the student is able to:
  • Evaluate and select investments and projects, value assets, and analyze and apply criteria to do this
  • Analyze the capital structure (financing decision) and pay-out policy of firms
  • Use formal models and methodologies that are covered in the course to achieve these objectives
  • Have a critical view on models and methodologies, and how to use them in practice
  • Understand the signals to identify firms in financial distress
  • Comprehend the rationale behind mergers and acquisitions
 
Contenu
The course will cover the following topics:
  • Market efficiency and investors’ behavior
  • Capital structure and payout policy
  • Advanced valuation techniques
  • Financial distress
  • Long-term financing
  • Mergers and acquisitions
Méthodes d'enseignement

En raison de la crise du COVID-19, les informations de cette rubrique sont particulièrement susceptibles d’être modifiées.

  • In-class lectures.
  • Online forums.
  • Teamwork assignments
Modes d'évaluation
des acquis des étudiants

En raison de la crise du COVID-19, les informations de cette rubrique sont particulièrement susceptibles d’être modifiées.

Continuous evaluation
  • Date: before and after each course
  • Type of evaluation: tests, quizz, homeworks, use of Mylab, groupwork on Moodle.
  • Part of the class will be commodal, while the other will be exclusively on Teams. You will receive the schedule at the start of the year. 
  • Comments: Mylab/Finance is Compulsory for this course. The cost of the license is approx. 25 EUR per student. It is the responsibility of the student.
Evaluation week
  • Oral: No
  • Written: Yes - 2 hours on Wiseflow or TestWe
  • The written examination represents 40% of the final mark. So, it is crucial for sucess to complete the Continuous Evaluation on time !!
  • The homework counts for 10% of the final grade.
  • The continuous evaluation counts for 50% of the final grade.
Bibliographie
Slides based on the two main reference books of the course
READINGS :
  • Corporate Finance, Berk and DeMarzo, 5th Edition, Pearson
Faculté ou entité
en charge
CLSM


Programmes / formations proposant cette unité d'enseignement (UE)

Intitulé du programme
Sigle
Crédits
Prérequis
Acquis
d'apprentissage
Master [120] en sciences actuarielles
ACTU2M
5
Master [120] en sciences de gestion
GEST2M
5
Master [120] en sciences de gestion [Programme CEMS]
GESM2M
5