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.

Qualifications

Basic understanding of business studies.

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.

Materials

-Richard A. Brealey, Stewart C. Myers and Franklin Allen, Principles of Corporate Finance, 13th Edition (2019). The McGraw-Hill.
- Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan, Corporate Finance, 12th Edition (2018). The McGraw-Hill.
- Jonathan Berk and Peter DeMarzo, Corporate Finance, 5th Edition (2020). Pearson.

Web Resources:
https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos
The above channel is run by the lecturer himself.

https://www.investing.com
https://uk.finance.yahoo.com/
https://finance.yahoo.com/
http://www.nasdaqomxnordic.com
http://www.worldbank.org/
http://www.oecd.org/
https://www.bloomberg.com
https://www.reuters.com/finance
https://www.bbc.com/news/business
http://ssrn.com
http://www.imf.org
http://www.ifc.org
http://www.nytimes.com

Lecture slides, case studies, spreadsheets, textbooks, research articles, videos, assignments, online resources etc. Please check learning platform on regular basis.