YLAA4110 Corporate Finance (6 cr)
Study level:
Intermediate studies
Grading scale:
0-5
Language:
English
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2020-2021, 2021-2022, 2022-2023
Description
Real assets valuation, Capital Structure and Corporate Strategy, Impact of taxes on Financing Choice, Dividend policy & Share Repurchases; Bankruptcy Costs and Debt Holder-Equity Holder Conflicts; Managerial Incentives and Financial Decisions, Mergers & Acquisitions, Corporate Strategy, Risk Management (including use of financial derivatives) and Real Options. The course topics support understanding economic growth, financial services and making productive investments e.g. according to UN sustainable development goal 8.
Learning outcomes
On successful completion of the course, students will be able to:
- calculate cost of capital using relevant benchmarks and risk profiles of firms
- valuate real assets
- examine and discuss investment and financing strategies of firms
- analyze financing choices in the light of taxation and bankruptcy costs
- describe variegated aspects of managerial incentives and motivations, and illustrate how they affect firm value
- describe various dynamics of mergers and acquisitions
- compare and use different financial derivative instruments in order to do corporate risk management.
- calculate cost of capital using relevant benchmarks and risk profiles of firms
- valuate real assets
- examine and discuss investment and financing strategies of firms
- analyze financing choices in the light of taxation and bankruptcy costs
- describe variegated aspects of managerial incentives and motivations, and illustrate how they affect firm value
- describe various dynamics of mergers and acquisitions
- compare and use different financial derivative instruments in order to do corporate risk management.
Additional information
Note: YLAA4110 and YLAS4110 are overlapping course alternatives.
Description of prerequisites
Basic Business Studies.
Compulsory prerequisites
- Prerequisite group 1
Study materials
Recommended research articles
Lecture notes and exercises during surgery sessions
Lecture notes and exercises during surgery sessions
Literature
- Grinblatt, M. & Titman, S. 2001. Financial Markets and Corporate Strategy. 2nd edition, McGraw Hill.; ISBN: 9780072294330
- Shapiro, A. 2006. Multinational Financial Management, 8th Edition, J. Wiley & Sons.; ISBN: 9780471737698
- Madura, J. 2000. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.); ISBN: 9781133947837
Completion methods
Method 1
Evaluation criteria:
Exam
Time of teaching:
Period 3
Select all marked parts
Parts of the completion methods
x
Teaching etc. (6 cr)
Type:
Participation in teaching
Grading scale:
0-5
Evaluation criteria:
Lectures and exam
Language:
English
Study methods:
Lectures and exam