Explain meanings of corporate finance and its task or problem. In order to increase corporate value, I will explain finance and finance related matters. For the improvement of corporate value, how to manage companies would be main target from the point of corporate finance.
I hope every student understands how interesting corporate finance is.
１．Enjoy corporate finance
２．Understand finance, interest rate and so on
３．Learn about investment theory
Finance, Corporate Finance, Financial Statements, Investment Theory
|✔ Specialist skills||Intercultural skills||Communication skills||Critical thinking skills||✔ Practical and/or problem-solving skills|
I have 2 levels. Basic and advanced. First half is basic and second half is advanced. Communication between students is required. Contents may change according to students’ needs.
|Course schedule||Required learning|
|Class 1||Capital Cost 1 How important 2 What is capital cost 3 Cost of owned capital and debt capital 4 Weighted Average Cost of Capital（WACC）||Understand capital cost with real figure|
|Class 2||Base of Investment 1 Dividend Cash Flow（DCF） 2 Net Present Value (NPV) 3 Internal Rate of Return (IRR) 4 Which is better||What is investment and how to create value|
|Class 3||Capital Structure 1 Base line of capital structure 2 MM theory 3 Leverage 4 Corporate tax!!||What is MM theory|
|Class 4||Dividend Policy 1 Proposition of MM theory 2 Real Worlds dividend||Learn about dividend|
|Class 5||Capital structure and Dividend 1 Capital Structure and Dividend 2 Agency Theory 3 Signal Effect||Learn capital structure with tax|
|Class 6||Governance 1 Corporate Governance Code 2 Stewardship Code, Fiduciary Duty 3 Owner and Manager ① Principal ② Signal Effect||Learn corporate governance|
|Class 7||Derivatives 1 Derivatives 2 Forward and Future 3 Option 4 Swap 5 Over All Summery||Understand derivatives and future|
May give at classes
Understanding level of Corporate Finance would be evaluated
Report: 100%, Class participation may be evaluated