154-0536/01 – Corporate Financial Management B (CFM B)

Gurantor departmentDepartment of FinanceCredits5
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantorprof. Dr. Ing. Zdeněk Zmeškal
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageEnglish
Year of introduction2007/2008Year of cancellation2018/2019
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
ZME40 prof. Dr. Ing. Zdeněk Zmeškal
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

Subject aims expressed by acquired skills and competences

The main aim of the subject is to deepen the knowledge in the area of financial management and decision-making by applying methods, anaysis and approaches obtained by graduating this course. Students will be able: - to undertake deeper financial analysis of a firm, - to evaluate investment projects under different financing situations, - to evaluate financial performance of a firm, - to compare and evaluate financial sources of a firm, - to propose financial plan of a firm. - to evaluate a firm.

Teaching methods

Lectures
Tutorials

Summary

Subject is focused on crucial areas of corporate financial management. Basic topics concern the corporate financing from theoretical and practical point of view, the making up of financial plans, and the investment decision-making. Particularly, optimal capital structure including cost of capital, corporate growth strategy, capital budgeting, dividend theory and policy, principles and methodology of corporate valuation, are explained and analysed.

Compulsory literature:

DAMODARAN, A.: Applied corporate finance. J. Wiley, USA, 1999. ISBN 0-471-33042-6. DAMODARAN, A.: Corporate finance. theory and practice. J. Wiley, 2001. ISBN 0-471-28332-0. BODIEZ., MERTON, R.C.: Finance. Prentice Hall, 2000. ISBN 0-13-310897-X. KEOWN, J.A., MARTIN, J.D., PETTY, J.W., SCOTT, D.F.: Foundations of finance. Upper Saddle River, 2006. ISBN 0-13-185605-7. PIKE, R., NEALE, B.: Corporate finance and investment. Prentice Hall, 1996. ISBN 0-13-371261-3. VERNIMMEN, P. QUIRY, P., LE FUR, Y., DALLOCCHIO, M., SALVI, A.: Corporate finance: theory and practice. J. Wiley, 2006. ISBN 0-470-09225-4.

Recommended literature:

DAMODARAN, A.: Applied corporate finance. J. Wiley, USA, 1999. ISBN 0-471-33042-6. DAMODARAN, A.: Corporate finance. theory and practice. J. Wiley, 2001. ISBN 0-471-28332-0. BODIEZ., MERTON, R.C.: Finance. Prentice Hall, 2000. ISBN 0-13-310897-X. KEOWN, J.A., MARTIN, J.D., PETTY, J.W., SCOTT, D.F.: Foundations of finance. Upper Saddle River, 2006. ISBN 0-13-185605-7. PIKE, R., NEALE, B.: Corporate finance and investment. Prentice Hall, 1996. ISBN 0-13-371261-3. VERNIMMEN, P. QUIRY, P., LE FUR, Y., DALLOCCHIO, M., SALVI, A.: Corporate finance: theory and practice. J. Wiley, 2006. ISBN 0-470-09225-4.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

There are no other requirements on the students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Fundamentals and metodology of company financial performance evaluation, DuPont analysis, pyramidal decompositions. 2. Financial risk evaluation, financial and operational leverage. Rules of assets financiang. 3. Predicition models for company financial performance evaluation. 4. Value-based measures of the company financial performance (EVA, MVA, CFROI, etc.). 5. Costs of capital, optimisation of the capital structure. Miller-Modigliani model. 6. Project valuation criteria under certainty. 7. Dividend policy of the company. Forms of dividends, factors affecting dividend policy. 8. Systems of dividends taxation. 9. Mergers and acquisitions. 10. Methods for company valuation, reasons for valuation. 11. Methods for company valuation under certainty. Property-based methods, DCF methods, combinated methods and thein importace. 12. Methods for company valuation under certainty. Property-based methods, DCF methods, combinated methods and thein importace.

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester, validity until: 2018/2019 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)		Min. number of pointsMax. počet pokusů
Exercises evaluation and Examination Credit and Examination 100 (100) 51 3
        Exercises evaluation Credit 35 (35) 0 3
                Written exam Written test 35  0 3
        Examination Examination 65 (65) 0 3
                Written examination Written examination 20  0 3
                Oral Oral examination 45  0 3
Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2007/2008 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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