17026 Corporate Finance , 5 sp

You have an in-depth knowledge of theories that explain the connections between corporate financial decisions, corporate governance mechanisms and the value of the firm. Managing working capital, leasing decisions and financial consequences of mergers and acquisitions are other important topics. Interactions between corporate financial policy and governance are also introduced.

• detect important economic trade-offs in corporate financial policy and take steps towards more effective policies, in particular long-term capital structure and payout policy decisions.
• recognize the important of agency costs and asymmetric information in financial decision-making.
• recognize a wide range of modern corporate financial instruments and can value them at an intermediate level. You know where, when and why to use the and can assess their relative merits.
• develop skills to evaluate empirical research in corporate finance.

Principles of Corporate Financial decision making are universal with rich international applications in all commercial industries but also other areas of economic life where fund raising is crucial for long-term success. The course deals with agency problems, costs of asymmetric information which are pervasive issues in all areas of human interaction.  The course textbook is worldwide bestseller so also in this regard students immerse themselves with internationally relevant and transferrable subject matter.