Corporate Finance

Bachelor 2021/2022

Type: Compulsory course (International Business and Management Studies)

Area of studies: Management

Delivered by: Department of Finance

Where: St.Petersburg School of Economics and Management

When: 2 year, 2, 3 module

Mode of studies: offline

Open to: students of one campus

Instructors: Vladislav Afanasev, Victor Krakovich

Language: English

ECTS credits: 6

Contact hours: 60

Full Syllabus

Abstract

This course gives students the opportunity to specialize in corporate finance, one of the most popular sectors of financial services and will give students the knowledge to successfully navigate the rapidly changing global landscape of corporate finance. On this programme students will develop the practical skills to understand and interpret complex valuations. Corporate finance course is intended to provide necessary knowledge and basic skills in evaluating financing and investment decisions and their influence on corporate performance and value.

Learning Objectives

To provide students with knowledge and skills in taking corporate financial and investment decisions, develop analytic instruments to assess the effectiveness and efficiency of such decisions, elaborate models of corporate financial management.

Expected Learning Outcomes

Students are able to apply modern models for the analysis of capital structure, dividend policy, the financial architecture of the company, financial corporate control and corporate governance; to reveal the fundamental factors affecting corporate financial and investment decisions; to evaluate the efficiency of investment projects of different types
Students are able to calculate the cost of capital, to analyze empirical data that determines risk factors; to build long-term and short-term financial models, describing the company's growth; to understand the principles of the credit policy of the company, the relationship of long-term and short-term decisions and their impact on the company’s value; to perform the company’s valuation based on different approaches.
Students have knowledge in modern concepts of corporate finance; principles of the corporate financial policy; principles of investment decision-taking; methods of project efficiency measurement; basic principles of valuation; models of valuation
Students have skills in analysis of the corporate capital structure; calculating the need for external financing of the corporation; estimation of elements of capital; investment decision-taking; business valuation.

Course Contents

Introduction
Present and Future Values. NPV, IRR, Payback
Valuation of Bonds
Valuation of Common Stocks
Introduction to Risk and Return trade off
Portfolio Theory and CAPM
Cost of Capital
Capital Budgeting
Financing Decisions
Payout Policy and Capital Structure
Derivatives: options, forwards and futures
International Corporate Finance

Assessment Elements

Mid Term
The midterm exam is conducted using asynchronous proctoring.
Homework project 2
Homework project 1
Assignments & Class Participations
End Term Exam
The exam is conducted using asynchronous proctoring.

Interim Assessment

2021/2022 3rd module
0.1 * Homework project 1 + 0.1 * Assignments & Class Participations + 0.29 * Mid Term + 0.1 * Homework project 2 + 0.41 * End Term Exam

Bibliography

Recommended Core Bibliography

Brealey, R. A., & Myers, S. C. (2012). Principles of corporate finance. Slovenia, Europe: Irwin. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.CC4D54D7

Recommended Additional Bibliography

Damodaran, A. (2015). Applied Corporate Finance (Vol. Fourth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639191

Course Syllabus