Předmět Business Finance (FIU / BABFA)

Na serveru studentino.cz naleznete nejrůznější studijní materiály: zápisky z přednášek nebo cvičení, vzorové testy, seminární práce, domácí úkoly a další z předmětu FIU / BABFA - Business Finance, Obchodně-podnikatelská fakulta v Karviné, Slezská univerzita v Opavě (SU).

Materiál	Typ	Datum	Počet stažení

Obsah

1. Introduction to the business finance2. Alternative theories of corporation3. Agency conflict4. Present and future value of cash flows5. Capital budgeting methods (NPV, IRR)6. Capital budgeting methods (PI, PBP)7. Corporate financing (long-term)8. Corporate financing (short-term)9. Capital structure10. Risk of simple investment11. Risk of portfolio investment12. Dividend policy13. Special forms of cash flows1. Introduction to the business financeFundamental terms. Development of corporate finance. Form of business according to organization. Origin and development of corporation. Corporate finance and financial management. Corporate finance in market economy.2. Alternative theories of corporationGoal of the corporation. Managerial theories - simple managerial model, Baumol model, Williamson model, Marris model. Behavioristic theories. Employee's theories.3. Agency conflictTypes of agency conflicts, agency costs, managerial compensation. Information asymmetry. Corporate governance models - Anglo-American model, Continental-European model.4. Present and future value of cash flowsOpportunity costs. Time value of money. Simple present and future value. Other forms of compounding. Real value of cash flows.5. Capital budgeting methodsValuation criteria. Return, risk, liquidity. Net present value. Internal rate of return. Average accounting return. Advantages and disadvantages of methods. Valuation of independent and mutually exclusive projects.6. Capital budgeting methodsPayback period. Average accounting return. Advantages and disadvantages of methods. Valuation criteria. Valuation of independent and mutually exclusive projects.7. Corporate financing (long-term)Characteristics, advantages and disadvantages of internal and external, long-term financing. Corporate financing in practice. Equity and debt securities.8. Corporate financing (short-term)Characteristics, advantages and disadvantages of internal and external short-term financing. Corporate financing in practice. Equity and debt securities.9. Capital structureSearching for optimal capital structure. Theoretical basis. Costs of capital. Costs of equity and debt financing. Financial leverage. Financial risk.10. Risk of simple investmentRisk as a part of economy. Risk versus uncertainty. How to determine the probability. Risk of simple investment.11. Risk of portfolioRisk of portfolio of two assets. Unique risk and market risk. Correlation coefficient and its use for investment valuation.12. Dividend policyTypes of dividends. Definition of dividend. Dividends according to shares, forms of dividend, interval of paying. How to pay dividends in the Czech Republic and in the world. Share repurchase as an alternative of dividend policy.13. Special forms of cash flowsPresent and future value of cash flows. Special forms of cash flows - annuity, growing annuity, perpetuity, growing perpetuity.

Získané způsobilosti

Knowledge of corporate financing, ability to calculating time value of money, practical valuating of investment, assessment of working capital, level of risk.

Literatura

BREALEY, A., MYERS, SC., ALLEN, F. Corporate Finance. Boston: McGraw-Hill, 2005. ISBN 0-07-111795-4.WATSON, D., HEAD, A. I. Corporate Finance. Priniples & Practice. Prentice Hall, 2007. ISBN 13: 978-0-273-706.ROSS, SR., WESTERFIELD, RW., JORDAN, BD. Fundamentals of Corporate Finance (7th Edition). Boston: McGraw-Hill, 2006. ISBN 0-07-319262-7.BURKLEY, A., ROSS, SA., WESTERFIELD, RW., JAFFE, JF. Corporate Finance Europe. Cambridge: McGraw-Hill, 2004. ISBN 0-256-13473-1.BLOCK, SB., GEOFFREY, GA. Foundations of Financial Management. Boston: McGraw-Hill, 2005. ISBN 0-07-284229-6.MADURA, J. International Corporate Finance. New York: Thompson South-Western, 2005. ISBN 0-32-432382-4.Various readings from The Economist, The Euro and other financial magazines.

Požadavky

Compulsory attendance at seminars 25 %.Seminar paper, seminar discussions, ongoing test, final exam (written)

Garant

Ing. Tomáš HERYÁN, Ph.D.

Vyučující

Ing. Tomáš HERYÁN, Ph.D.