公司金融

学分：3学分

先修课程：微观经济学、统计学原理、会计学原理

课程简介：

公司金融（理财）是每一个企业组织运作的核心。该门课将探讨公司金融（理财）各方面基础理论和方法，最终的目的是使得学生掌握必要的财务分析和财务决策的工具。该课程将详细地涉及到企业的各类融资问题。该课程主要包括：财务报表分析，资金时间价值，收益和风险，资金成本，公司价值，衍生证券，高效资本市场，资本结构及其他的相关主题。该课程要求学生要具有较强的数学分析及运用计算机软件的能力，同时也要求学生具有一定的经济学、基础统计学和统计学等基础知识。

教学目标和效果：

通过该课程模块的学习，使得学生掌握以下理论和分析方法：掌握公司金融的基本概念，如公司价值理论、资本结构理论、资本成本理论、投资理论和股利政策理论；以及这些理论在公司金融实践中的运用，如分析财务方案，资本预算决策，投融资决策如何影响公司价值；运用CAPM及其他工具确定资本结构及其他理财投资政策；理解和运用风险、收益、机会成本和资本成本的概念；掌握证券市场、期货及期权的主要原理及方法；掌握公司金融中的其他问题（如兼并收购、国际金融）。

考核方式：

考勤与课堂参与 (10%)；作业与案例分析 (20%)；期末考试 (70%)

课程教材：

1.主要教材: 斯蒂芬A.罗斯，伦道夫W.威斯特菲尔德，布拉德福德D.乔丹，公司理财（精要版）(第10版)。

2.参考书:

Ø斯蒂芬A.罗斯，伦道夫W.威斯特菲尔德，杰弗利F.杰富，公司理财(第10版)。

Ø理查德A.布雷利, 斯图尔特C.迈尔斯，弗兰克林.艾伦，公司财务原理(第7版)。

Corporate finance

Credits: 3 credits

Pre-requisite: Microeconomics; Statistics; Introductory Accounting

Module Description：

Corporate finance is central to the operation of every business organization. This course explores the modern fundamental theoretical aspects of corporate finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis and understand financial decision-making. Detailed coverage of corporate finance issues is addressed in this course. Topics such as financial statements and analysis, time values of money, return and risk, cost of capital, value of the firm, derivative securities, efficient capital markets, capital structure and others are covered in the context of value maximization. Strong mathematical skills and extensive use of computer-based tools are required. Foundation courses are integrated throughout the course and students are assumed to have a working knowledge of introductory accounting, economics and statistics.

Learning Outcome and Objectives：

By the end of the module students should be able to: understand the fundamental concepts in financial management; use financial theory and its associated tools to analyze financial scenarios; make capital budgeting decisions based on theoretical principles; understand how investment and financing decisions impact the value of the firm; determine capital structures and other financial policies using CAPM and other tools; understand and apply risk, return, opportunity cost, and cost of capital concepts; identify the key principles of securities markets, futures & options and understand how each works; apply financial analysis concepts to mergers & acquisitions and international finance.

Assessment： 

Attendance & Discussion (10%), Homework & Project (20%), Final Exam (70%)

Textbook and reference：

1.Textbook (main): Stephen Ross, Randolph Westerfield, Bradford Jordan, Fundamentals of Corporate Finance, 10th edition.

2.References:

ØStephen Ross, Randolph Westerfield, Jeffrey Jaffe, Corporate Finance, 10th edition.

ØRichard A. Brealey, Stewart C.Myers, Franklin Allen, Principles of Corporate Finance, 7th edition.