Course detail

Theory and Practice of Financial Management

FP-tpfmDEAcad. year: 2023/2024

The course connects latest theoretical research in corporate finance with company value. Students will become familiar with up-to-date scientific results and discuss their impacts on development of companies. They will acquire relevant skills to successfully lead financials of companies in global economic setting.

Language of instruction

English

Mode of study

Not applicable.

Entry knowledge

Not applicable.

Rules for evaluation and completion of the course

The course evaluation is based on the level of the written professional essay (100 points), especially with regard to the topicality of the literary research and the discussion of the theoretical and empirical results in the area being dealt with. Topics will be assigned individually on the basis of the student’s research orientation. Basic literary sources will be recommended similarly. For successful completion of the course, the student has to earn 75 points.

Aims

The aim of the course is to deepen students' theoretical background in corporate finance and develop their analytical abilities in this important area. In particular, they will be able to identify and understand trends and their future impact on a development of companies.
After completion of the course, student is able:
- to define company tasks and goals;
- to decide on suitability of financing forms;
- to apply company valuation methods;
- to apply the methods of investment assessment;;
- to know short-term liquidity management models.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BRIGHAM, E. F., EHRHARDT, M. C. Financial Management: Theory and Practice, 13th Ed. Mason, OH: South-Western Cengage Learning: 2011.

Recommended reading

COMMANDER, S., SVEJNAR, J. 2011. Business environment, exports, ownership, and firm performance. The Review of Economics and Statistics, 93(1), p. 309-337.
DAMODARAN, A. Damodaran on valuation: security analysis for investment and corporate finance. 2 Ed. Hoboken: John Wiley & Sons. 2006.
DAMODARAN, A. Investment valuation: tools and techniques for determining the value of any asset. 3 Ed. New York: John Wiley & Sons. 2012.
DEVOS, E., KADAPAKKAM, P. R., KRISHMAMURTHY, S. 2009. How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for Synergies. Review of Financial Studies, 22(3), ISSN 1179-1211.
FACCIO, M., MARCHICA, M.-T., MURA, R. 2016. CEO gender, corporate risk-taking, and the efficiency of capital allocation. Journal of Corporate Finance, 39, p.193-209.
HANOUSEK, J., KOČENDA, E., SHAMSHUR, A. 2015. Corporate efficiency in Europe. Journal of Corporate Finance, 32, p. 24-40.
HUYGHEBAERT, N., LUYPAERT, M. 2010. Antecedents of growth through mergers and acquisitions: Empirical results from Belgium. Journal Of Business Research, 63(4), p. 392-403.
CHANG, X., DASGUPTA, S. 2009. Target Behavior and Financing: How Conclusive is the Evidence? Journal of Finance, 64(4), p. 1767-1796.
KOLLER, T., DOBS, R., HUYETT, B. Value: The Four Cornerstones of Corporate Finance 1st Edition. New Jersey: Wiley. 2010.
KOLLER, T., GOEDHART, M., WESSELS, D. Measuring and Managing th Value of Companies. 6th Editon. New Jersey: Wiley. 2015
STEWART, J., HENSHER, D. A. Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction. Cambridge University Press, 2008.

Classification of course in study plans

  • Programme DSP-CME Doctoral 2 year of study, summer semester, compulsory-optional
    2 year of study, winter semester, compulsory-optional
  • Programme DSP-CME-KS Doctoral 2 year of study, summer semester, compulsory-optional
    2 year of study, winter semester, compulsory-optional

Type of course unit

 

Guided consultation in combined form of studies

10 hod., optionally

Teacher / Lecturer

Guided consultation

10 hod., optionally

Teacher / Lecturer