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現在位置: ホーム シラバス(2019年度) 経営管理大学院 Basic Subjects Corporate Finance and Capital Markets

Corporate Finance and Capital Markets

JA | EN

科目ナンバリング
  • P-MGT75 50026 LE44
開講年度・開講期 前期
授業形態 講義
配当学年 1
対象学生 Graduate
使用言語 英語
曜時限 金4・5 隔週開講
教員
  • 熊谷 五郎(経営管理大学院)
授業の概要・目的 This course introduces students to the basic knowledge, theory and techniques used in practice of corporate finance. It covers a number of topics related to corporate investment and capital markets, including corporate financing decisions and capital structure decisions. It aims to help student learn to apply fundamental ideas of theory of value and risks to problems in the area of corporate finance that reflect the complexities that the real-world entails.

Using the standard text book written by R, Brealey, S. Myers and F. Allen, we would explore such topics as the Theory of Value, Risks, Corporate Finance and Financial Decision, Payout Policy and Capital Structure, as well as Debt Financing.

We will also use the case method to motivate our discussions of the gap between rigorous finance theory and its applications to practical problems in corporate finance, and the thought process required to bridge this gap. The course will also place emphasis on analyzation and presentation skills. It will be important to explain your positions to each other and to argue convincingly for your recommendations in your case write-ups and presentations.
到達目標 Understanding of the basic concepts and valuation techniques related to the corporate finance.
授業計画と内容 #1 Theory of Value (12th April)
#2 Risks (26th April)
#3 Corporate Finance, Financing Decision and Market Efficiency (17th May)
#4 Payout Policy and Capital Structure (24th May)
#5 Debt Financing (21st June)
#6 Financial Planning and Working Capital Management (28th June)
#7 Final Presentation (19th July)

Overall review comments for the class will be uploaded to KULASIS, with the summary of evaluation, and the detailed description of its basis. The comments for each individual student will not be disclosed in principle, given the limited time of the lecturer.

The course will utilize Principles of Corporate Finance text book written by R, Brealey, S. Myers and F. Allen, as well as Harvard Business Cases to lead students through the essential logic linking financial and capital structure and firm value.

※Each session should consist of two 1.5-hour lectures.
成績評価の方法・観点 Class Attendance and Class Participation ; 20%
Problem Sets ; 40%
・Midterm Problem Sets ; 20%
・Final Problem Sets ; 20%
Presentation and Group Report ; 40%
・15 mins Presentation and Q&A ; 20%
・Group Report Submission ; 20%
履修要件 None
授業外学習(予習・復習)等 Students are encouraged to read the relevant chapters of the text book for each lecture in advance. Students may be asked to submit the answers to the chapter-end questions during the course.
教科書
  • Principles of Corporate Finance, R, Brealey, S. Myers and F. Allen, McGraw Hill Higher Education; 12th edition [2016] ※30 copies will be ready for rent to those students who cannot afford to purchase his or her own copy.
参考書等
  • ・Analysis for Financial Management, Robert C. Higgins, Mcgraw-hill; 11th edition[2015] ・Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Joshua Rosenbaum, et al, Wiley; 2nd edition [2013] ・Investment Valuation: Tools and Techniques for Determining the Value of any Asset, Aswath Damodaran, Wiley; 3rd edition [2013]