Corporate Finance and Risk Management (5 cr)

Materials

Lecture slides, case studies, spreadsheets, textbooks, research articles, videos, assignments, online resources etc. Please check learning platform on regular basis.
Grinblatt, M. & Titman, S. Financial Markets and Corporate Strategy. McGraw Hill.
Shapiro, A. Multinational Financial Management, 8th Edition, J. Wiley & Sons.
Madura, J. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.)
Brealey, Richard A., Myers, Stewart C., Allen, Franklin. Principles of Corporate Finance, (Mcgraw-hill/Irwin).

Evaluation scale

0-5

International connections

There are possibilities of having collaborations with other universities in Finland and abroad with respect to joint research, and corporate projects.

Further information

Open UAS 3

Virtual portion

2

Student workload

You will be required to required to invest 135 hours approximately and the break up of the total time is as below:
Lectures: 40 hours
Data Analysis Lab Session: 15 Hours
Assignment Preparations: 30 Hours
Examination Preparations: 40 Hours
Miscellaneous: 10 Hours

Assessment criteria, satisfactory (1)

Sufficient (1):
You have demonstrated a basic level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Satisfactory (2):
You have demonstrated an intermediate level of knowledge, skills, applications in one and basic level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Assessment criteria, good (3)

Good (3):
You have demonstrated an excellent level of knowledge, skills, applications in one and intermediate level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Very good (4):
You have demonstrated an excellent level of knowledge, skills, applications in two and intermediate level in the remaining competence out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Assessment criteria, excellent (5)

You have demonstrated an excellent level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Exam schedules

Exam will be held during the last week of the course and details of the exam date, timings and venue will be notified at the learning platform. The retake exam will be held once in the Spring semester and Autumn semester.

Teaching language

en

Teaching methods

The primary modes of delivery are face-to-face learning (lectures, workshops, presentations), distance learning (e.g. online lectures and presentations) and blended learning.

Number of ECTS credits allocated

5

Qualifications

Bachelor degree in business or economics or equivalent.

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.

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.

You are expected to acquire the following competencies in this course:

Learning to learn
• You recognize your strengths and needs for learning.
• You make use of learning methods and tools that support your learning best.
• You seek, acquire, and critically assess information from reliable sources.

Proactive development
• You identify development areas by anticipating the future of your field.
• You apply existing knowledge and utilize appropriate research methods in development projects.
• You develop the ability to think out of the box and challenge the limits to come up with creative and innovative solutions.

IBM competence:
Sustainable global business management
• You critically review and understand core concepts of global business management and sustainability from multidisciplinary perspectives of marketing, sales, strategy, finance, and management.
• You apply disciplinary and interdisciplinary knowledge to analyze global business challenges and propose sustainable business solutions to grow new ventures in global markets.