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CORPORATE INVESTMENTS

2016-2017

IESEG School of Management ( IÉSEG )

Code Cours :

1617-IÉSEG-M1S1-FIN-MA-EI86UE

FINANCE


Niveau Année de formation Période Langue d'enseignement 
Master1S1English
Professeur(s) responsable(s)A.HRYCKIEWICZ
Intervenant(s)A.HRYCKIEWICZ


Pré requis

Introduction to Financial Markets
Corporate Finance Fundamentals
Capital Structure (strongly recommended)
Statistics and Probability in Finance.

Objectifs du cours

1.Identify the steps involved in estimating the cash flows from investment projects
2. Differentiate between a relevant and an irrelevant cash flow
3. Analyze a project's risks and opportunities
4. Evaluate project's profitability, return and payback period
5. Understand the interactions between investment and financing decisions
6. Assess the various managerial flexibilities involved in the project

Contenu du cours

This course is an in-depth exploration of methods used in corporate investment appraisal, with a focus on practical applications of project valuation methods.

Course outline:

Part I: Estimating the incremental cash flows
Part II: Estimating the cost of capital for project valuation purposes
Part III: Project Valuation Methods
Part IV: Managerial Flexibility and Project Appraisal


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
Interactive class16,00  
Independent study
Group Project24,00  
Estimated personal workload10,00  
Charge de travail globale de l'étudiant50,00  

Méthodes pédagogiques

  • Tutorial
  • Presentation
  • Project work
  • Interactive class
  • Case study
  • Coaching


Évaluation

Students will discuss 4 case studies in class, each related to one of the four parts of the course. Students will then have to work on a final case study outside the class.

Type de ContrôleDuréeNombrePondération
Continuous assessment
Participation16,00120,00
Others
Case study4,00430,00
Group Project24,00150,00
TOTAL     100,00

Bibliographie

  • • Valuation: The Art and Science of Corporate Investment Decisions - Titman, S., and Martin, J. -

  • • Advanced Capital Budgeting. Refinements in the economic analysis of investment projects. -Bierman, H. and Smidt, S. Routledge 1st edition 2007 -

  • • Capital Budgeting and Long-Term Financing Decisions. - Seitz, N. and Ellison, M. -


Ressources internet



 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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