European Corporate Finance (YH00BV01)

European Corporate Finance, 3 cr - YH00BV01

European Corporate Finance (YH00BV01-3001), 02.06.2023 – 22.06.2023,
3 cr (YBB20S1, ...) — Face-to-face + -
Language of instruction

English

Timing

02.06.2023 - 22.06.2023

Lecturer(s)

Shabnamjit Hundal, Risto Korkia-Aho

Planned learning activities, teaching methods and guidance

Fully in-classroom, though occasional reference of pre-recorded lectures will be made.

Learning materials and recommended literature

Grinblatt, M. & Titman, S. Financial Markets and Corporate Strategy. McGraw Hill.
Shapiro, A. Multinational Financial Management, 8th Edition, J. Wiley & Sons.
Madura, J. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.)
Brealey, Richard A., Myers, Stewart C., Allen, Franklin. Principles of Corporate Finance, (Mcgraw-hill/Irwin).
Recommended research articles
Lecture notes, case studies and exercises.

Pre-recorded lecture videos available at the course lecturer's YouTube channel:
https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos

Campus

Lutakko Campus

Internationality

Students will be working in a highly meaningful international environment.

Learning assignments and student workload

It is a 3 ECTS course
Lectures = 20 hours
Workshops= 30 hours
Assignments=16 Hours
Review of literature=10 hours
Others=5 hours
TOTAL=81 Hours

Enrollment

01.03.2023 - 30.04.2023
Groups
- YBB20S1
- MPT20S1
- HTA22S1
- HBI23VKSS
- HTK21S1
- HTG21S1
- YHO21S1
- MTM21S1
- YMJ21S1
- MPT21S1
- HBI22VS
- ZJA23KH
- YBB22VS
- ZJK23KH
- HTA21S1
- HTK20S1
- HTG20S1
- YHS22S1
- MTM22S1
- YHO22S1
- YMJ22S1
- HBI20S1
- MPT23VK
- HTG23VK
- HBI21S1
- HBI22S1
- YHS21S1
- MTM20S1
- YBB22S1
- HTL21SIY
- HTL21SB
- YHS23VK
- MTM22VS
- YBB21S1
- HTL21SC
- MTM23VK
- HBI23VK
- HTL21SA
- YBB23VK
Seats

0 - 20

Assessment methods

Assignments and presentations.

Mode of delivery

Face-to-face

Share of R&D studies

0.00 cr

Share of virtual studies

0.00 cr

Unit

School of Business

This course examines important issues in corporate finance in Europe from the perspective of financial managers, who are responsible for making significant financial decisions. The various contents of the course have been designed in such a way that they not only establish a logical and systematic relationship with each other, but such mutual relationship is also integrated with the strategic decision-making process of corporates functioning in the European business environment. For example topic such as assets valuation on the one hand highlighting investing side and capital structure, cost of capital and payout policy highlighting financing side not only demonstrate their mutual interactions but also convey their overall relationship with the corporate strategy in the light of several vital determinants such as tax laws, bankruptcy laws, risk management practices and managerial incentives in Europe.

This course is comprising of various topics including the concept of present value, the opportunity cost of capital, discounted cash flow analysis, valuation techniques, issues between short & long term financial management, risk and return, capital asset pricing model, capital budgeting, corporate capital structure and financing decisions, dividend policy, mergers and acquisitions (M&A), global financial management including exchange including for example exchange rate risk analysis, and issues of corporate governance and control.

In this course due importance has also been given to the core theoretical concepts related to each topic to develop intellectual discourse, creative thinking and problem-solving skills of students. The study of course contents in the light of diverse business environments enable students to understand diverse theoretical aspects and empirical studies through critical perspectives and contextualize the course contents in various scenario/settings. Similarly, there is explicit emphasis laid on the quantitative data analysis in this course.

Assets valuation, Capital Structure Dynamics and Corporate Strategy, Impact of taxes on Financing Choice, Dividend policy & Share Repurchases; Bankruptcy Costs and Debt Holder-Equity Holder Conflicts; Managerial Incentives and Financial Decisions, M&As, Corporate Strategy, Risk Management (including use of financial derivatives), and Real Options.

Fully in-classroom course. Some reference of pre-recorded lectures will be made from time to time, though.

Grinblatt, M. & Titman, S. Financial Markets and Corporate Strategy. McGraw Hill.
Shapiro, A. Multinational Financial Management, 8th Edition, J. Wiley & Sons.
Madura, J. International Financial Management, 10th edition, South-Western College Publishing (A division of International Thomson Publishing Inc.)
Brealey, Richard A., Myers, Stewart C., Allen, Franklin. Principles of Corporate Finance, (Mcgraw-hill/Irwin).
Recommended research articles
Lecture notes, case studies and exercises.

YouTube channel of the course lecturer.
https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos

Basic knowledge of Economics or any discipline of business studies.

You will get a grade of ‘one’ if you are able to demonstrate a basic level of evidence of the following ILOs-Analytical Business Skills (IBBUS), Critical Thinking (IBCRI), Collaborative Skills (IBCOL) and Communication Skills (IBCOM).
You will get a grade of ‘two’ if you are able to demonstrate satisfactory level of evidence of in the following ILOs-Analytical Business Skills (IBBUS), Critical Thinking (IBCRI), Collaborative Skills (IBCOL) and Communication Skills (IBCOM).

Grade 3 and 4:
You will get a grade of ‘three’ if you are able to demonstrate good level of evidence of in the following ILOs-Analytical Business Skills (IBBUS), Critical Thinking (IBCRI), Collaborative Skills (IBCOL) and Communication Skills (IBCOM) and you are able to demonstrate clearly some evidence of Ethical, Sustainable and Responsible Conduct (IBESR) and Personal Skills (IBPER).
You will get a grade of ‘four’ if you are able to demonstrate an excellent level of evidence of in the following ILOs-Analytical Business Skills (IBBUS), Critical Thinking (IBCRI), Collaborative Skills (IBCOL) and Communication Skills (IBCOM) and you are able to demonstrate significant evidence of Ethical, Sustainable and Responsible Conduct (IBESR) and Personal Skills (IBPER).

Grade 5: You will get a grade of ‘five’ if you are able to demonstrate an excellent level of evidence of in the following ILOs-Analytical Business Skills (IBBUS), Critical Thinking (IBCRI), Collaborative Skills (IBCOL), Communication Skills (IBCOM), Ethical, Sustainable and Responsible Conduct (IBESR) and Personal Skills (IBPER).

European Corporate Finance, 3 cr - YH00BV01

Upcoming implementations