Бакалавриат
2025/2026





Корпоративные финансы
Статус:
Курс обязательный (Международная программа по бизнесу и экономике)
Кто читает:
Департамент финансов
Где читается:
Санкт-Петербургская школа экономики и менеджмента
Когда читается:
4-й курс, 2 модуль
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
3
Контактные часы:
28
Course Syllabus
Learning Objectives
- The aim of this course is to equip students with the knowledge and skills necessary to 1. start developing academic research in corporate finance 2. work in the finance departments of companies
Expected Learning Outcomes
- Knows basic terms and classification
- Knows current trends
- Can apply the main approaches to business valuation, understands their strengths and weaknesses
- Knows the basics of corporate finance: value maximization principle, agency problems, corporate governance mechanisms
- Can apply methods to work with: Du-pont analysis, Sustainable growth rate model, EVA
- Can apply methods for making financial decisions based on MM theory, trade-off theory, pecking order theory, and market timing theory
- Knows different financing alternatives and understands their pros and cons
- Can apply debt capacity analysis
- Understands how real-world frictions (taxes, bankruptcy costs, agency conflicts) influence capital structure decisions and can adjust capital structure decisions based on this understanding
- Understands the key concepts of M&A
- Can apply methods for valuation in M&A transactions
- Knows basic concepts of behavioral finance
Course Contents
- 1: Introduction to Advanced Corporate Finance
- 2: Advanced Investment decisions & Valuation Methodologies
- 3: Advanced Financing Decisions 1
- 4: Advanced Financing Decisions 2
- 5. Thinking as CFO
- 6: Mergers & Acquisitions and Corporate Restructuring
- 7: Behavioral Corporate Finance
Assessment Elements
- Lecture quizzesTests in the beginning of every lecture from lecture 3 to lecture 7. Tests consist of 1-2 questions based on the topics of the lecture which they are taking place on. The questions are based on a specific chapters of the main textbook. The students will know which chapters to read in advance.
- Control Work 1Set of problems to solve. May be multiple choice questions or open-ended numerical questions. Duration - 20 min.
- Control Work 2Set of problems to solve. May be multiple choice questions or open-ended numerical questions. Duration - 20 min.
- ExamSet of problems to solve. May be multiple choice questions or open-ended numerical questions. Duration - 40 min.
Interim Assessment
- 2025/2026 2nd module0.2 * Control Work 1 + 0.2 * Control Work 2 + 0.4 * Exam + 0.2 * Lecture quizzes
Bibliography
Recommended Core Bibliography
- 9781265652463 - Richard A. Brealey, Stewart C. Myers, Franklin Allen et al - Principles of Corporate Finance, 14th ed. - 2022 - McGraw-Hills - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=3242150 - nlebk - 3242150
- Applied corporate finance, Damodaran, A., 2015
- DePamphilis, D. (2015). Mergers, Acquisitions, and Other Restructuring Activities. Elsevier. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.eee.monogr.9780128013908
Recommended Additional Bibliography
- Valuation for mergers, buyouts, and restructuring, Arzac, E. R., 2008