Corporate Finance

6 ECTS credits
153 h study time

Offer 2 with catalog number 1018159BNR for all students in the 1st semester at a (B) Bachelor - advanced level.

Semester

1st semester

Enrollment based on exam contract

Impossible

Grading method

Grading (scale from 0 to 20)

Can retake in second session

Yes

Enrollment Requirements

Studenten die dit opleidingsonderdeel opnemen, moeten minstens ingeschreven zijn voor ‘Algemeen Boekhouden’ en voor minstens 30 ECTS-credits hebben behaald op bachelorniveau. Studenten die ingeschreven zijn in de verkorte bachelor toegepaste economische wetenschappen kunnen inschrijven voor dit opleidingsonderdeel.

Taught in

Dutch

Faculty

Faculty of Social Sciences & SolvayBusinessSchool

Department

Business

Educational team

Lieven De Moor (course titular)
Wouter Thierie
Wouter Vangeel

Activities and contact hours

26 contact hours Lecture
27 contact hours Seminar, Exercises or Practicals
138 contact hours Independent or External Form of Study

Course Content

The course is organised around the theme of shareholder wealth maximisation for private sector companies. All financial decisions are linked to the impact they have on the value of the firm. The course starts with a discussion of the theory of valuation (for both fixed income and equity securities, emphasising the role of risk and time value of money). Later on, it covers some theoretical and practical aspects of the capital investment decision. Also, it deals with the determinants of optimal capital structure and cost of capital. Possibly, also a guest lecture will be organized about a theme to be announced.

Course material

Handbook (Recommended) : Contemporary Financial Management, R. Charles Moyer, James R. McGuigan, Ramesh P. Rao, 14th or earlier edition, Cengage, 9781337090582, 2018
Digital course material (Required) : Slides, Available on Canvas

Additional info

Not applicable.

Learning Outcomes

General competencies

Companies have to be careful in the allocation of their resources. Students must learn to understand these constraints and adopt techniques to manage them, thus achieving the objectives of the organisation in the most efficient manner. The major objective of this course is to provide the theory and tools essential to the analysis and the solution of those problems that have significant financial consequences for a typical company. Whether students choose a career in finance or do not choose to major in this field, they will always be confronted with important financial decisions. For lots of these decisions, the concepts learned in this course may give them a useful edge over the uninformed majority.

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

Written Exam with a relative weight of 1 which comprises 100% of the final mark.

Additional info regarding evaluation

Written closed book exam. The use of an own calculator is required.

Allowed unsatisfactory mark

The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context