ECTS
2 crédits
Composante
IAE Savoie Mont Blanc
Objectifs
This course provides an in-depth understanding of how firms make financial decisions that enhance value. It covers capital budgeting, capital structure, payout policy, and the interface between corporate strategy and finance.
Heures d'enseignement
- CMCours Magistral12h
- TDTravaux Dirigés6h
Pré-requis obligatoires
Fundamentals of accounting, finance and financial markets |
Plan du cours
|
1. Valuation & Decision-Making：Apply discounted cash flow (DCF) and relative valuation techniques to assess corporate projects and firms. 2. Capital Structure & Financing： Analyze how financing choices (debt vs. equity) affect firm value, cost of capital, and financial risk. 3. Cost of Capital： Estimate a firm’s weighted average cost of capital (WACC) and understand its implications for project valuation. 4. Dividend & Payout Policy： Assess different payout strategies and their impact on shareholder value. 5. Corporate Governance & Agency Conflicts：Examine the role of governance mechanisms in mitigating agency problems and aligning managerial incentives with shareholders. |
Compétences visées
Analytical and practical skills to evaluate investment opportunities, design optimal capital structures. understand how financial policy impacts firm value.
Bibliographie
Brealey, Myers, and Allen (2023). Principles of Corporate Finance, 14th Edition, McGraw-Hill. |