Financial Management for O&MC

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBM056A05
Vaknaam Financial Management for O&MC
Niveau(s) master
Voertaal Engels
Periode semester II a
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Uitgebreide vaknaam Financial Management for O&MC
Leerdoelen Upon completion of the course the student is able to:
1. Evaluate the performance of a firm based on its financial statements, and use these financial statements to deduce the cash flow of the firm as it is used in finance.
2. Determine the appropriate investment rule and relevant cash flows to appraise capital budgeting projects.
3. Relate discount rates for capital budgeting projects to portfolio theory, and determine the discount rate for a particular capital budgeting project.
4. Analyse the effects of, for instance, taxes and agency problems on the capital structure and payout policies of firms.
5. Investigate empirically how organisations use particular corporate finance concepts and techniques to solve problems.
6. Present and defend the outcomes of empirical investigations orally in a clear and convincing manner.
7. Provide constructive verbal criticism to the presentations of fellow-students.
Omschrijving Management control is concerned with ensuring that all organisational activities contribute to the overall organisational goals. Often some of these goals are formulated in financial terms, including the maximisation of firm value. In order to contribute to the goal of firm value maximisation, it is important that managers understand and are able to apply various techniques that have been developed in the field of corporate finance. The starting point for the application of these techniques are the proposals for investments, which may be generated through the organisation's strategic planning process. The expected returns on these investments must be assessed, particularly in relation to the risks that are involved (i.e. capital budgeting). Making such an assessment requires a thorough understanding of the relationships between risks and returns. Subsequently, the managers must decide on the way in which the organisation finances its portfolio of investment projects. This includes long-term financing decisions (i.e. capital structure and dividend payout decisions), which imply that a trade-off must be made between the advantages of using debt (i.e. creates a tax shield) and equity (i.e. does not involve cost of financial distress).
Uren per week 3
Onderwijsvorm hoor- en werkcolleges
(Lectures and tutorials)
Toetsvorm presentatie(s), schriftelijk tentamen met open vragen
(Group oral presentation, written exam with open questions)
Vaksoort master
Coördinator dr. T.A. Marra
Docent(en) dr. S. Tillema
Verplichte literatuur
Titel Auteur ISBN Prijs
Core Principles and Applications of Corporate Finance, Latest paperback edition, McGraw-Hill/Irwin, New York. Ross, S.A., R.W. Westerfield, J.F. Jaffe and B.D. Jordan 9781260083279 ca. €  72,99
Opmerkingen The course provides a thorough basis in the field of corporate finance for students wanting a career in financial management, but it is also relevant for students taking a broader perspective and aiming at more general positions. Students who passed the Specialization Course Finance (BSc) or Corporate Finance for E&BE (BSc) are allowed to replace this course with Corporate Finance for MSc Finance.
Opgenomen in
Opleiding Jaar Periode Type
MSc BA - Organizational & Management Control/O&MC  (basisprogramma MSc BA O&MC) 1 semester II a verplicht