Corporate Finance (B-KUL-HBA18C)
Aims
2.a Understands basic theories, basic terms, and basic concepts of each management domain, in particular with respect to the financial, operational, commercial and organisational activities, and can apply them when solving business problems.
2.a.6 Students are able to describe and apply the main financial concepts and theories within corporate finance
2.c Understands and substantiates the critical importance of each management domain for a successful organisation and the coherence with other management domains.
2.c.1 Students are able to position the role of the financial manager and the goals of corporate finance within a broader coporate perspective
2.i Masters the basic concepts and the overall functioning of banking, the stock market and the insurance business as well as the characteristics and functioning of the most important financial products and financial markets.
2.i.2 Students are able to determine the financial value of the main financial instruments used in corporate finance i.e. stocks and bonds
2.j Using the principles of time value of money, interprets information from financial reporting and news coverage, and uses all this as input in financial issues.
2.j.2 Students are able to apply the principles of time value of money to several valuation exercises
2.k Makes a reasoned assessment of the impact of uncertainty on the financial decisions of individuals and organisations.
2.k.1 Students are able to financing and investment decisions with a risk-return framework
8.a Identifies (business) economic challenges with practical relevance and relates them to insights developed in the field.
8.a.1 Students are able to analyse investment and financing decisions using science-based theoretical frameworks
8.g Shows interest in current affairs and broadens his background knowledge.
8.g.3 Students are able to critically reflect on the financial news and are able to assess the implications of the financial news on corporate finance decision
12.d Integrates sustainability values in the analysis of topical (business) economic problems and proposes solutions that take into account these values.
12.d.1 Students are able to critically reflect on the sustainability of financial decisions
Previous knowledge
Students that take this course should have taken the courses of Financial Institutions and Markets, Management and Financial Accounting
Identical courses
This course is identical to the following courses:
HSA23A : Corporate Finance (B)
Y00341 : Ondernemingsfinanciering (S)
HTH88A : Ondernemingsfinanciering (BL)
HSH94A : Ondernemingsfinanciering (S)
HBH62E : Ondernemingsfinanciering
Y00926 : Ondernemingsfinanciering
Is included in these courses of study
- Bachelor of Business Administration (Brussels) 180 ects.
- Bachelor of Business Administration: Double Degree Kedge (incoming) (Brussels et al) 242 ects.
- Courses for Exchange Students Faculty of Economics and Business (Brussels)
- Bachelor of Business Administration: Double Degree Galway (outgoing) (Brussels et al) 240 ects.
- Bachelor of Business Administration: Double Degree Galway (incoming) (Brussels et al) 240 ects.
Activities
6 ects. Corporate Finance (B-KUL-HBA18c)
Content
Value and value-creation
• introduction
• valuing bonds
• valuing stocks
• evaluation of investment projects
Risk and capital budgeting
• introduction risk and return
• portfolio theory and asset pricing models
• risk and the cost of capital
Selected corporate finance topics
(*) Table of content is indicative: changes can be made in view of topical events in corporate finance and time constraints. Also depending on timing, one or more business-oriented guest lectures can be organised.Value and value-creation
Format: more information
The course will be taught by means of formal lectures and concise exercise sessions. Students are expected to prepare the exercises and for a number of chapters some selected questions. Occassionaly, self study is foreseen. Guest lectures might be organised as well.
Evaluation
Evaluation: Corporate Finance (B-KUL-H73797)
Explanation
Evaluation caracteristics
The exam consist of theoretical questions and exercises. Part of the exam is in the form of multiple choice questions (both theoretical concepts and exercises might be examined by means of multiple choice). Questions on subjects treated by invited guest lectures/business seminars (if any) are possible.The exam consist of theoretical questions and excercises. Part of the exam can be in the form of multiple choice questions (both theoretical concepts and exercises might be examined by means of multiple choice).
Questions on subjects treated by invited guest lectures (if any) are possible.
Second exam opportunity
The evaluation methods during the first and second exam opportunities are identical.The evaluation methods during the first and second exam opportunities are identical.