SemesterSpring Semester, 2025
DepartmentJunior Class of Department of Finance
Course NameAdvanced Financial Management
InstructorCHAN KONAN
Credit3.0
Course TypeRequired
PrerequisiteBasic Corporate Finance、BUS 312 Financial Management、Business Finance、Corporate Finance、Finance Management (SBB)、Financial Management、Financial Statement Analysis、Finanzmanagement、International Financial、Introduction to Finance、Introduction to Financial Management、Managerial Finance、Principles of Finance、Problems in Business Finance,Corporate Finance and Risk Management、Financial Investment & Pricing、Investment、Investment Finance、Investment in Equities、Investment Management、Investment Theory、Investments、Macroeconomy and Investments、Principles of Investment、Theory of Investment
Course Objective
Course Description
Course Schedule

 


















































































































Date

Topic/Text chapters

Case & Readings

Feb. 18  

Introduction  (RWJJ 1-3)

 

 

Capital budgeting (RWJJ 4-6)

 

Feb. 25

Stock and bond valuation (RWJJ 8-9)

 

 

Risk & return (RWJJ 10-11)



Cost of capital (RWJJ 13), Valuation

 



*Best practices in estimating the cost of capital: An update

Mar. 4

Cost of capital



EVA (BMA 28)

Cost of capital case



*The real key to creating wealth

Mar. 11

EVA



Payout Policy (RWJJ 19)

EVA case



Evidence on EVA

Mar. 18

Payout Policy (RWJJ 19)

Excess cash and shareholder payout strategies

Mar. 25

Payout Policy (RWJ 19)



Capital structure (RWJJ 16-17)

Payout case



*Reappearing dividends

Apr. 1

Project preparation

 

Apr. 8

Capital structure (RWJJ 16-17)

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

Apr. 15

Capital structure (RWJJ 16-17)



M & A (RWJJ 29)

Capital structure case



*How to choose a capital structure

Apr. 22

M & A (RWJJ 29)

Creating value with mergers and acquisitions

Apr. 29

M & A (RWJJ 29)

Merger case

May 6

Corporate governance or IPO (RWJJ 20)

 

May 13


 Final Exam

 

May 20

University anniversary (no class)

 

May 27

Project presentation

 

Jun. 3

Project presentation

 

Jun. 10

Project presentation

 

 

Jun. 17

Course evaluation

 

 

Teaching Methods
Teaching Assistant

Zhiyu Lin (112357040@g.nccu.edu.tw)


Requirement/Grading

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



A1. Class Participation 15%



A2. Exam 20%



A3. Reading assignments 15%



A3. Cases  30%



A3. Term project and presentation 20%



Total 100%




 


Textbook & Reference

Pick up any one of the following books as your textbook. Supplement materials will be extracted from some of the following books as well.



Corporate Finance by Ross, Westerfield, Jaffe, Jordan, 13th edition, 2022 (RWJJ), or



Principles of Corporate Finance by Brealey, Myers, Allen, 14th edition, 2023 (BMA)



Corporate Finance by Berk and DeMarzo, 5th edition, 2020


Urls about Course
iNCCU Moodle
Attachment

AFM_syll2025.pdf