- Instructor: Dr. Ridha ESGHAIER
- Email: ridha.esghaier@gmail.com
Course Description
The objective of the Corporate Finance course is to develop an understanding of the decisions financial managers face. The course presents the advanced concepts and the modern techniques that have been developed in Corporate Finance, by combining theory, empirical evidence, and cases. It explains how financial managers can help maximize their firms’ values by improving decisions in such areas as :
- Corporate investments,
- Cost of Capital control and calculation,
- Working Capital Management,
- Choice of the Capital Structure,
- Corporate governance
Course Learning Outcomes
At the end of this course, students should be able to:
- CLO1: Solve potential conflicts between the investment criteria
- CLO2: Evaluate company’s free cash flows and analyze the Major Performance measures
- CLO3: Describe the basic tools of working capital management
- CLO4: Describe the sources of capital available to firms and estimate the cost for various sources
- CLO5: Apply the firm’s valuation techniques and describe the basic tools of value based management
- CLO6: Explain the fundamentals of firm’s optimal capital structure
- CLO7: Describe the fundamentals of dividend distribution policy
Course Materials
- CFA Institute Program Curriculum:
- CFA Level2 (2020): Corporate Finance
- CFA Level2 (2020): Equity
- CFA Level1 (2020): Corporate Finance and Equity
- Additional Materials:
- “Corporate Finance: A Focused Approach”, Michael Ehrhardt and Eugene Brigham, Thomson/SouthWestern, 5th Edition, 2013.
- Students will also receive additional readings on the Course website or by in-class handouts throughout the course.
Course Content
- Preview of Corporate Finance
- Investment criteria conflicts
- Cash Flows & Major Financial indicators – Working Capital Management – The Cost of Capital Corporate Finance: A Focused Approach
- Corporate Valuation, Value Based Management & Corporate Governance
- Capital Structure Decisions
- The Payout Policy Corporate Finance: A Focused Approach
TBS Grading Scale
| Scale (out of 100) | TBS Grading Scale | Grade Point |
|---|---|---|
| Grade > 90 | A | 4.0 |
| 87≤ Grade < 90 | A- | 3.7 |
| 83 ≤ Grade < 87 | B+ | 3.3 |
| 80 ≤ Grade < 83 | B | 3.0 |
| 77 ≤ Grade < 80 | B- | 2.7 |
| 73≤ Grade < 77 | C+ | 2.3 |
| 70 ≤ Grade < 73 | C | 2.0 |
| 67 ≤ Grade < 70 | C- | 1.7 |
| 65 ≤ Grade < 67 | D+ | 1.3 |
| 60 ≤ Grade < 65 | D | 1.0 |
| Grade < 60 | F | 0.0 |