Course detail
Theory and Practice of Financial Management
FP-tpfmDAcad. year: 2022/2023
The course connects latest theoretical research in corporate finance with company value. Students will become familiar with up-to-date scientific results and discuss their impacts on development of companies. They will acquire relevant skills to successfully lead financials of companies in global economic setting.
Language of instruction
Mode of study
Guarantor
Department
Learning outcomes of the course unit
- to define company tasks and goals;
- to decide on suitability of financing forms;
- to apply company valuation methods;
- to apply the methods of investment assessment;;
- to know short-term liquidity management models.
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Course curriculum
Performance measurement and assessment.
Strategic company valuation and value drivers’ identification
Models of cost of capitals. Capital structure decision making.
Mergers and acquisition efficiency
Solvency management and bankruptcy prediction.
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Recommended reading
DAMODARAN, A. Damodaran on valuation: security analysis for investment and corporate finance. 2 Ed. Hoboken: John Wiley & Sons. 2006.
DAMODARAN, A. Investment valuation: tools and techniques for determining the value of any asset. 3 Ed. New York: John Wiley & Sons. 2012.
DEVOS, E., KADAPAKKAM, P. R., KRISHMAMURTHY, S. 2009. How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for Synergies. Review of Financial Studies, 22(3), ISSN 1179-1211.
FACCIO, M., MARCHICA, M.-T., MURA, R. 2016. CEO gender, corporate risk-taking, and the efficiency of capital allocation. Journal of Corporate Finance, 39, p.193-209.
HANOUSEK, J., KOČENDA, E., SHAMSHUR, A. 2015. Corporate efficiency in Europe. Journal of Corporate Finance, 32, p. 24-40.
HUYGHEBAERT, N., LUYPAERT, M. 2010. Antecedents of growth through mergers and acquisitions: Empirical results from Belgium. Journal Of Business Research, 63(4), p. 392-403.
CHANG, X., DASGUPTA, S. 2009. Target Behavior and Financing: How Conclusive is the Evidence? Journal of Finance, 64(4), p. 1767-1796.
KOLLER, T., DOBS, R., HUYETT, B. Value: The Four Cornerstones of Corporate Finance 1st Edition. New Jersey: Wiley. 2010.
KOLLER, T., GOEDHART, M., WESSELS, D. Measuring and Managing th Value of Companies. 6th Editon. New Jersey: Wiley. 2015
STEWART, J., HENSHER, D. A. Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction. Cambridge University Press, 2008.
Classification of course in study plans
- Programme DSP-ŘEP Doctoral 2 year of study, summer semester, compulsory-optional
2 year of study, winter semester, compulsory-optional - Programme DSP-ŘEP-KS Doctoral 2 year of study, summer semester, compulsory-optional
2 year of study, winter semester, compulsory-optional