2022/2023
Finance of Innovation
Type:
Mago-Lego
Delivered by:
Department of Educational Programmes
When:
4 module
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
This course provides a background on how organizations make innovation project management decisions including financing and investing. A general introduction to finance issues in innovation projects is provided, followed by a discussion of specifics of innovation project management for companies and the meaning of expected return and cost of capital. This illustrates management of the financial structure and leverage for strategic development, shows how man-agers, shareholders and investors resolve possible conflicts of interests based on corporate governance best practices. Also capital budgeting issues in innovation project management are considered. This helps students to understand the principal factors determining companies’ incentives for whether to invest or not in a project in the long-term. Approaches towards assessing in-novation projects with regard to the financial investment are discussed and sources of finance for innovation projects introduced.