SemesterSpring Semester, 2018
DepartmentIMBA Program, First Year IMBA Program, Second Year
Course NameCorporate Finance
InstructorCHAN KONAN
Credit3.0
Course TypeElective
Prerequisite
Course Objective
Course Description
Course Schedule




























































































































Date



Topic/Text chapters



Case



Assignments/Readings



Feb. 28



No class



 



 



Mar. 7



Introduction (BMA 1,28/RWJ 1-3)



 



 



 



Capital budgeting (BMA 2,5-6/RWJ 4-6)



 



 



Mar. 14



Stock and bond valuation (BMA 3-4/RWJ 8-9)



 



 



 



Risk & return (BMA 7-8/RWJ 10-11)



 



 



Mar. 21



Test and review



 



 



Mar. 28



Cost of capital (BMA 9/RWJ 13)



Cost of capital



*Best practices in estimating the cost of capital: survey and synthesis



Apr. 4



No class



 



 



Apr. 11



EVA (BMA 28)



Valuation/DCF method



 



*The real key to creating wealth



Apr. 18



EVA



Valmont



Evidence on EVA



Apr. 25



Payout Policy (BMA 16/RWJ 19)



 



Excess cash and shareholder payout strategies



May 2



Payout Policy (BMA 16/RWJ 19)



Rockboro



*Reappearing dividends



May 9



Capital structure (BMA 18/RWJ 16)



 



Agency costs of free cash flow, corporate finance, and takeovers



May 16



Capital structure (BMA 18/RWJ 16)



Deluxe



*How to choose a capital structure



May 23



M & A (BMA 31/RWJ 29)



 



Creating value with mergers and acquisitions



May 30



M & A (BMA 31/RWJ 29)



Hybritech



 



Jun. 6



IPO



 



Evidence on what CFOs think about the IPO process



Jun. 13



IPO



Prada



Assessing growth estimates in IPO valuations



Jun. 20



Final Exam



TBA



 



Teaching Methods
Teaching Assistant

TBA


Requirement/Grading

The weights of the various components in determining the final grade will be:



A1. Class Participation 20%



A2. Exam 20%



A3. Cases and assignments 60%



Total 100%




 


Textbook & Reference

Corporate Finance by Ross, Westerfield, Jaffe, 11th edition, 2016 (RWJ), or



Corporate Finance by Brealey, Myers, Allen, 12th edition, 2017 (BMA)



 



Some supplement materials of this course will be extracted from the following book as well.



Corporate Finance by Berk and DeMarzo, 4th edition, 2017




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