Opetussuunnitelmat

Objective

At the end of this course students should be able to:
- comprehend cost of capital by incorporating relevant benchmarks and risk profiles of firms
- appraise asset valuation
- analyse investment and financing strategies of firms
- justify financing choices in the light of taxation and bankruptcy costs
- assess multiple dynamics of managerial incentives and motivations, and their effects on firm value
- synthesise various aspects of mergers and acquisitions (M&As)
- understanding and application of financial technology (FINTECH)
- compare and use different financial derivative instruments in order to do corporate risk management.

Content

Assets valuation, Capital Structure and Corporate Strategy, Impact of taxes on Financing Choice, Dividend policy & Share Repurchases; Bankruptcy Costs and Debt Holder-Equity Holder Conflicts; Managerial Incentives and Financial Decisions, M&As, Corporate Strategy, Risk Management, and FINTECH. Corporate risk management, quantitative financial analysis, investment analysis, corporate finance, firm leverage and cost of capital, international finance, accounting information analysis, corporate valuation, investment appraisal, strategic management accounting, financial forecasting, sustainable finance, wealth management, behavioral finance, financial technology (FINTECH), financial scandals, executive remuneration financial institutions and markets etc.

Materials

Brealey, R.A., Myers, S.C., & Allen, F. Principles of Corporate Finance, 10th Edition.
Grinblatt, M. & Titman, S. 2001. Financial Markets and Corporate Strategy. 2nd edition, McGraw Hill.
Shapiro, A. 2006. Multinational Financial Management, 8th Edition, J. Wiley & Sons.
Madura, J. 2000. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.)

Recommended research articles

Lecture notes, recorded lectures and exercises.

http://www.economist.com/
http://www.ssrn.com/en/
http://www.reuters.com/
https://www.investing.com/
http://uk.finance.yahoo.com/
http://europe.wsj.com/home-page
http://courses.wallstreetsurvivor.com/invest-smarter/
http://www.fintech.finance/

Teaching methods

In-classroom teaching, online teaching, recorded videos, and self-study

Exam schedules

There will be an exam carrying 40% of total credits and assignments carrying 60% of total credits.

International connections

There is a possibility of participation in the international projects.

Student workload

Lectures 27 h
Assignments 54 h
Independent study 54 h
Total 135h ( one credit equals 27 hours of student work)

Further information

Open UAS 3

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The general criteria of the competences that the Bachelor's Degrees awarded by Finnish Universities of Applied Sciences provide can be found on JAMK's web pages https://studyguide.jamk.fi/en/Study-Guide-Bachelors-Degrees/ . The learning outcomes of individual courses are assessed in relation to the objectives of the course concerned. Assessment is based on knowledge, skills and competence in accordance with the National and European Qualifications Framework, level 6.
1 (Sufficient): The student has the very basic knowledge of the course contents.
2 (Satisfactory): The student has the satisfactory knowledge of the course contents, however, limited application abilities of financial tools, and techniques.
3 (Good): The student can plan, and forecast in the context of the course contents.
4 (Very good): The student can analyze a company's financial status and develop appropriate financing strategies.
5 (Excellent): The student utilizes financial tools with a great deal of perfection and provides information-based managerial insights and suggestions for decision-making purposes.

Qualifications

Basic understanding of business studies.