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現在位置: ホーム ja シラバス(2020年度) 経営管理大学院 専門科目 3630000 Financial Management

3630000 Financial Management

JA | EN

科目ナンバリング
  • P-MGT75 60106 LE44
開講年度・開講期 2020・前期
単位数 2 単位
授業形態 講義
配当学年 2
対象学生 大学院生
使用言語 英語
曜時限 火4・5 隔週講義
教員
  • 新井 富雄(非常勤講師)
授業の概要・目的 This course covers the theory and its implications for broad financial decisions made by corporations, which range from capital budgeting to mergers and acquisitions.
到達目標 This course intends to give the students a thorough understanding of corporate financial policies, the pricing and use of financial instruments, and financial markets. Students will build a solid academic and analytical foundation to make good decisions in complex financial systems today.
授業計画と内容 Topics related capital budgeting and cost of capital are explained in the first half of the semester. Capital structure, payout policy and M&A are the main topics discussed in the second half of the semester.
1. Discounted Cash Flow Valuation
2. Investment Decision Criteria
3. Mean-Variance Approach
4. CAPM
5. Estimating the Cost of Capital
6. Capital Structure: MM Propositions
7. Debt and Taxes
8. Financial Distress, Managerial Incentives, and Information
9. Payout Policy
10. Valuing Firms: WACC and APV Methods
11. Valuing Firms: Residual Income and EVA Valuation Methods
12. Mergers and Acquisitions
13. Risk Management
14. Real Options
15. Final Examination
成績評価の方法・観点 Term Examination(60%) and Assignments(40%)
履修要件 Basic knowledge of both college mathematics and accounting is required.
授業外学習(予習・復習)等 Students are requested to read the textbook material before the lecture that will cover that topic. Test your understanding of the material by doing the Concept Checks in each chapter of Berk/DeMarzo(2019).
教科書
  • Corporate Finance, 5th ed., Berk, J. and P. DeMarzo,, (Pearson), ISBN:978-1292304151
参考書等
  • Principles of Finance with Excel, 2nd ed., Benninga, S.,, (Oxford University Press), ISBN: ISBN:978-0190296384
  • Valuation: Measuring and Managing the Value of Companies, 7th Edition, McKinsey & Company Inc., et al.,, (Wiley), ISBN: ISBN:978-1119610885
  • Investment Science, 2nd ed., Luenberger, D.,, (Oxford University Press), ISBN: ISBN:978-0199740086