Магистратура
2025/2026
Международные корпоративные финансы
Статус:
Курс обязательный (Международный бизнес)
Кто читает:
Школа инноватики и предпринимательства
Где читается:
Школа инноватики и предпринимательства
Когда читается:
1-й курс, 2 модуль
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
6
Контактные часы:
48
Course Syllabus
Abstract
This course is a corporate finance course of basic level. The aim of the course is to provide the student with sufficient knowledge to understand the logic of the modern financial analysis of strategic corporate decisions and it focuses mainly on financial decision- making process in corporations including investing, financing, payout policies. The course covers basic finance topics such as principles of equity and debt valuation, cost of capital, capital structure. The course covers such topics as debt and equity valuation; estimating the risk and the cost of capital; modelling the cash flows; optimization of capital structure; payout policy; and investment decisions.
Learning Objectives
- know main features of multinational companies and explain why we should pay attention to international character of the company;
- know core corporate finance concepts and theories
- know the logic and the mechanism of raising the capital by large companies
- know the logic and the mechanisms of payout policy of large corporations
- be able to apply key corporate finance concepts to multinational companies
- be able to estimate the cost of capital of a public corporation
- be able to evaluate the efficiency of an investment project
- be able to describe the process of decision-making in multinational companies and analyze agency problems inside
- be able to apply classical models while making equity valuation
Expected Learning Outcomes
- be able to apply classical models while making equity valuation
- be able to apply key corporate finance concepts to multinational companies
- be able to describe the process of decision-making in multinational companies and analyze agency problems inside
- be able to estimate the cost of capital of a public corporation
- be able to evaluate the efficiency of investment project and cash flows
- know the main features of multinational companies and explain why we should pay attention to international character of the company
Course Contents
- Measuring the Value. Debt Valuation
- Risk and Return. Capital Asset Pricing Model
- Equity Valuation
- Capital Structure and Overall Cost of Capital
- Investment Decisions
- Introduction to Corporate Finance
Assessment Elements
- Home assignmentHome assignment
- Assignment 2Assignment 2
- Active participation
- Final case
Interim Assessment
- 2025/2026 2nd module0.2 * Active participation + 0.2 * Assignment 2 + 0.4 * Final case + 0.2 * Home assignment
Bibliography
Recommended Core Bibliography
- Berk, J., DeMarzo, P., & Harford, J. V. T. (2014). Fundamentals of Corporate Finance, Global Edition (Vol. Third edition). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419502
- Butler, K. C. (2016). Multinational Finance : Evaluating the Opportunities, Costs, and Risks of Multinational Operations (Vol. Sixth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1221493
- Damodaran, A. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset (Vol. 3rd ed). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442924
- Principles of corporate finance, Brealey, R. A., 2017
Recommended Additional Bibliography
- Corporate Finance : Theory and Practice Vernimmen, Pierre; Quiry, Pascal;and more John Wiley & Sons, Incorporated 2014 ISBN: ISBN number:9781118849330, ISBN number:9781118849323