Subject
Finance
Program
Master of Science (MSc)
Location
Côte-des-Neiges
Instruction mode
Credits
3
Description
This course analyzes the fundamental theories of corporate finance with the goal of understanding the motivations behind corporate investment, financing and payout decisions.
In this course, we'll examine the main topics in corporate finance, including capital structure, financing policy, cash management, corporate governance issues and mergers and acquisitions.
Themes covered
Introduction and review of principles of valuation; Corporate legal forms; separation of ownership and control; Project evaluation; estimating cash flows; risk and return
Capital Structure: Capital structure irrelevance and relevance Valuation with leverage; capital budgeting
Financing policy; Equity financing: IPOs and SEOs; Debt financing and leasing; Financing over the life-cycle ( Square Inc.: Financing a Unicorn )
Liquidity management: Cash management Payout policyWorking capital management
Corporate Governance; Agency conflicts; Board of directors; CEO compensation; Case study: The TELUS Share Conversion Proposal;
Event study analysis; Principles of event study analysis; Empirical applications
M&As; Mergers; Acquisitions; Case study: $19B 4 txt app WhatsApp...omg!
Important notes
Course in French : FINA 60222
Cours mutuellement exclusif(s) : FINA 60200(A) Vous ne pouvez pas vous inscrire à ce cours si vous avez réussi le cours FINA 60200(A).
Cours mutuellement exclusif(s) : FINA 60200(A) Vous ne pouvez pas vous inscrire à ce cours si vous avez réussi le cours FINA 60200(A).