课程在分析企业财务报表基础上，使学生掌握企业的投资、融资、股利分配等财务决策专业知识，能够对开放市场环境下的资本市场、投资工具、风险收益关系等有良好把握。课程主要内容包括：财务报表与现金流量、货币时间价值、债券与股票估值、资本预算、风险与报酬、资本成本、资本结构与股利政策等。
课程采用国内引进的英文原版教材，运用双语授课模式。一方面与国际商学院通行做法保持一致，有利于学生将来海外深造；另一方面，国内在公司金融领域最为权威的教材之一就是该原版教材的中译本，有利于学生将来国内升学与职业生涯发展。
Overview
Syllabus
- Chapter 1 Introduction to Corporate Finance
- 1.1 What is Corporate Finance?
- 1.2 The Goal of Corporate Finance
- Chapter 2 Financial Statements and Cash Flow
- 2.1 The Balance Sheet
- 2.2 The Income Statement
- 2.3 Cash Flow
- Chapter 3 Working with Financial Statements
- 3.1 Short-term& Long-term Solvency Ratios
- 3.2 Turnover, Profitability & Market Value Ratios
- 3.3 The DuPont Identity
- 3.4 Standardized Financial Statements
- Chapter 4 Time Value of Money & Discounted Cash Flow Valuation
- 4.1 Time Value of Money
- 4.2 Annuities and Perpetuities Defined
- 4.3 Comparing Rates: The Effect of Compounding
- 4.4 Loan Types and Loan Amortization
- Chapter 5 Interest Rates and Bond Valuation
- 5.1 Bonds and Bond Valuation
- 5.2 Interest Rate Risk
- 5.3 More about Bond Features
- 5.4&5.5 Inflation and Interest Rates
- Chapter 6 Stock Valuation
- 6.1 Common Stock Valuation
- 6.2 Estimating Dividends- Special Cases
- 6.3 Stock Valuation Using Multiples
- 6.4 Some Features of Common and Preferred Stocks
- Chapter 7 Net Present Value and Other Investment Criteria
- 7.1-7.4 NPV, Payback Period, IRR
- Chapter 8 Making Capital Investment Decisions
- 8.1 Incremental Cash Flows
- 8.2 Project Cash Flows
- 8.3 Some Special Cases of Project Analysis
- 8.4 Scenario Analysis & Sensitivity Analysis
- Chapter 9 Risk, Return and Security Market Line
- 9.1 Measuring Returns and Variability
- 9.2 Capital Market Efficiency
- 9.3 Expected Returns and Variances
- 9.4 -9.6 Risk, Beta and Expected Returns
- Chapter 10 Cost Of Capital
- 10.1 Cost of Capital - Some Preliminaries
- 10.2 Cost of Equity
- 10.3 Cost of Debt
- 10.4 The Weighted Average Cost of Capital
- Chapter 11 Long-term Financing
- 11.1 The Public Issue and Procedure
- 11.2 The Seasoned Offering
- Chapter 12 Financial Leverage and Capital Structure Theory
- 12.1 Financial Leverage, EPS, and ROE
- 12.2 Capital Structure Theory: MM Model
- 12.3 Other Capital Structure Theories
- Chapter 13 Dividends and Other Payouts
- 13.1 Cash Dividend and It’s Payment Procedure
- 13.2 Does Dividend Policy Matter?
- 13.3 Stock Repurchase and Stock Dividend
- TEST
Taught by
Qu Yanying , ZHANG QIANG, Ling Jie, Fang Hongyan, Song He, Ni Hongxia, and Wenlan Wang
