The goal of the course is to analyse the main issues in the theory and practice of corporate finance with an emphasis on applications in an international context. The focus of our discussion will be on ways in which corporate managers can create value for shareholders through their capital structure and financing choices. This course places corporate financial decisions in a strategic context, emphasizing the relationship between capital structure, financial markets and strategic financial decisions.
- Financial forecasting and valuation of long-term investments;
- Determination of an optimal capital structure and measurement of hurdle rates for long-term investments (the cost of capital);
- Firm valuation; and,
- Strategic financial decisions (capital raising, mergers and acquisitions) and value creation.