Number of hours
- Lectures 16.5
ECTS
ECTS 1.5
Goal(s)
This course aims at presenting the financial mechanisms of the firm. Afirst objective of this partis to present the concepts and tools of investment and financing decisions. The students should then be able to apply these tools on concrete firms’ cases. A second objective of this part is to teach, and to make the students apply, the classical firm valuation methodologies.
Contact Sonia JIMENEZ (ÉP. BURLACU)Content(s)
I.Investment and Financing decisions
1.The investment decision
2.Investment return
3.Investment risk
4.How to finance an investment ?
5.Trade-off between equity capital and debt
II.Firm Valuation
1.Discounted Cash Flows valuation methods
2.Valuation using multiples
Prerequisites
None
100% Written exam of 2 hours
N1=E1
N2=E2
où E1: Session 1 exam
E2: Session 2 exam
Gestion financière, B. Solnik
Décisions financières et création de valeur, M. Albouy
Principle of corporate finance, Brealey and Myers