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| Semester | fall semester 2023 |
| Course frequency | Every fall sem. |
| Lecturers | Yuna Heo (yuna.heo@unibas.ch, Assessor) |
| Content | This course introduces students to an in-depth analysis of financial planning and corporate management. The course serves as a framework for understanding a broad range of corporate financial decisions. The course covers topics that are important to the optimal strategic decisions-making that corporate managers can confront. Topics include financing policy/capital structure, agency issues, valuation, dividend policy, mergers and acquisitions, risk management, and real options. Students will study the following broad questions. How should a firm decide whether to invest in a new project? How much debt and equity should a firm use to financing its activities? How should a firm pay its investors? How do taxes affect a firm’s investment and financing decisions? What determines the value of a firm? The emphasis throughout the course is on the economic principles that underlie answers to these questions. It also provides the analytical tools for determining the value of a corporation and assessing the effectiveness of corporate management in maximizing the corporate values. The goal of this course is to maximize the synergy between theory and practice, providing students portable, durable and marketable tools for their careers. |
| Learning objectives | - This course is designed to help students develop skills and knowledge in the following area(s): Business Knowledge Learning Goal: Students will be able to demonstrate knowledge of basic business concepts Quantitative Skills Learning Goal: Students will be able to understand, analyze, and use quantitative data to make business decisions and report to stakeholders. - Students who complete this course will demonstrate the following: Objectives of Business Knowledge Learning Goal a. Students will be able to understand basic functional business concepts. b. Students will be able to analyze and solve problems and understand relationship among business concepts. Objectives of Quantitative Skills Learning Goal a. Students will be able to identify quantitative characteristics of a problem. b. Students will be able to examine and interpret numerical data. c. Students will be able to analyze numerical data to derive conclusions. - Students develop these skills and knowledge through the following course activities and assignments: a. Issues relating to the financing of capital investments. b. How financial risk affects the cost of capital and helps determine the capital structure of the corporation. c. Interactions between investment and financing decisions. d. The uses of various securities to finance an investment, as well as methods such as lease financing. |
| Bibliography | Lecture notes: I will place the lecture notes on ADAM. -Textbook: In case you want to have a textbook, I would recommend “Corporate Finance” (by Ross, Westerfield, Jaffe, and Jordan) 13th edition. This textbook is useful as a background material throughout this course. If you are looking for additional corporate finance textbooks, there are two more textbooks; “Principles of Corporate Finance” (by Brealey, Myers, and Allen) 13th edition, and “Corporate Finance” (by Berk and DeMarzo) 5th edition. If you are looking for additional reading materials including broad topics of investment, I recommend “Financial Markets and Corporate Strategy” (by Grinblatt and Titman). If you are familiar with quantitative analyses and looking for an advanced book, you can see “Finance Theory and Corporate Policy” (by Copeland and Weston). -Further reading materials: The standard corporate finance textbooks may not cover the materials in sufficient depth for the master class. The recommended reading materials such as research papers and cases will be added for each session. |
| Comments | The course will be taught "in class". |
| Course application | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Wednesday | 14.30-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Modules |
Module: Core Courses in Finance and Money (Master's Studies: Finance and Money) Module: Core Courses in Finance, Controlling, Banking (Master's Studies: Business and Economics) Module: Field Electives in Finance and Money (Master's Studies: Finance and Money) Module: Specific Electives in Business and Economics (Master's Studies: Business and Economics) Module: Specific Electives in Finance, Controlling, Banking (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | written exam: 13.12.23; 14:30-16:00. WWZ S13: A-L; WWZ S15: M-Z. Depending on the number of students, the start of the exam may be moved forward or backward for 15 minutes. Exam rooms and start times will be published until 29.11.23. You can still withdraw from the examination by submitting a completed, signed form to our office from 17.10.23 until 27.10.23 / 12:00 o’clock. The deregistration form and the mail address can be found on the homepage of the Dean of Studies Office: https://wwz.unibas.ch/en/studies/examinations/de-/registration-of-examinations/ Prior to 16.10.23, please deregister only in the Online Services. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |