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COURSE OUTLINE

Corporate Finance

1. General

School

School of Finance and Statistics

Academic Unit

Department of Banking and Financial Management

Level of Studies

Undergraduate

Course code

ΧΡΧΡΗ02

Semester

4th

Course Title

Corporate Finance

Idependent Teaching Activities

Weekly Teaching Hours

Credits

Lectures
4
7,5

Course Type

Core Course

Prerequite Courses

Language of Instruction and Examinations

Greek

Is the course offered to Erasmus Students?

Yes, in Greek

Url (Eclass)

https://eclass.unipi.gr/modules/auth/courses.php?fc=64

2. Learning Outcomes

Learning Outcomes

This course:

  • Presents and analyzes the key business decisions such as investment, financing and payout in an environment of risk and asymmetric information
  • Describes the main conflicts of interest between the shareholders, lenders and managers of the company as well as their consequences in relation to the main objective of the managers which is to maximize the value of the company
  • analyzes the effect of leverage on the value of the company
  • analyzes the effects of payout policy on the value of the company
  • analyzes company’s decision to go public (IPO)

With the successful completion of the course, students will be sufficiently capable to:

  • understand the process of making financial decisions in modern businesses
  • assess the value of company’s investments as well as the entire company’s value
  • understand the impact on stock market share prices of corporate announcements regarding IPO, profits, capital structure, dividends, etc.
General Competences
  • Search, analyze and synthesize data and information relevant to business decisions
  • Investments and companies evaluation
  • Recognizing the impact of business developments on the stock market
  • Synthesis of the interactions between business decisions, money and capital markets and the public

3. Syllabus

  • Risk and Return
  • Risk, Cost of Capital, and Valuation
  • Efficient Capital Markets and Asymmetric Information
  • Long-Term Financing
  • Capital Structure
  • Valuation and Capital Budgeting for the Levered Firm
  • Payout Policy

4. Teaching and Learning Methods - Evaluation

Delivery

Face-to-face in a classroom

Use of Information and Communications Technology

Using of PowerPoint slides

Teaching Methods

Activity

Semester Workload

Lectures
52
Independent Study
135,5
Course Total
187,5

Student Performance Evaluation

Written final exam (100%) including:

  • Multiple Choice Questions with problem solving and critical questions

5. Attached Bibliography

Suggested Bibliography

Ross, S., Westerfield, R., Jaffe, J., Corporate Finance, Broken Hill 2016 [RWJ]

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