The course is connected to the following study programs

Teaching language

English

Recommended prerequisites

Bachelor level courses in Investment and Finance.

Course contents

This course presents the financial theory mainstream theory on basic asset valuation, risk and return, capital structure, financial and real options, long-term financing and special topics like mergers and acquisitions. The course represents a modern and international approach to corporate finance. The underlying philosophy of the course is that finance is not a set of topics or a set of formulas. Rather, it is the consistent application of a few sensible rules and themes. The course develops a firm knowledge of the theoretical foundations of corporate finance but does not offer in-depth coverage of each specific topic.

Learning outcomes

On successful completion of this course the student should

  • be able to demonstrate how the no-arbitrage principle governs prices in financial markets

  • be able to discuss how information from financial markets may be used to value real assets

  • be able to demonstrate how taxes influence firms´ financing and payout choices

  • be able to identify how conflicts between shareholders and debt holders arise and how they can be minimized

  • have insight into how managerial incentives affect financial decisions

  • have insight into financial decisions affect stock prices

  • be able to recognize how taxes, operation synergies, and management incentive conflicts provide motives for mergers and acquisitions

Examination requirements

Approved compulsory assignments. Information will be given in Canvas at the start of the semester.

Teaching methods

The course consists of lectures, accompanied by individual/group work with problems in an innovative MyFinanceLab or a similar type of computer based "finance lab". Estimated workload is about 200 hours.

Evaluation

The person responsible for the course decides, in cooperation with student representative, the form of student evaluation and whether the course is to have a midway or end of course evaluation in accordance with the quality system for education, chapter 4.1.

Admission for external candidates

No.

Assessment methods and criteria

4-hour written examination with letter grades.

Last updated from FS (Common Student System) June 30, 2024 3:34:45 PM