ADVANCED CORPORATE FINANCE Who am I Prof Mathias Kronlund Education Ph D Finance MBA University of Chicago M Sc Industrial Engineering Aalto University Helsinki Finland Research focus Corporate Finance E g Executive compensation Rating agencies Payout policies Why Study Corporate Finance It s a valuable skill in the workplace Not just in the banking investment industry In your career you may face questions such as Should your firm develop a new product or enter a new market Should your firm issue shares or borrow money to finance an investment How much cash should your firm keep versus pay back to investors Should your firm merge with another firm How raise money for a new start up And what s the business worth have you seen Shark Tank Corporate Finance tools are useful for making good decisions in other areas E g making better decisions about personal finances How much should I save for retirement Is a car loan or lease more advantageous What type of mortgage should I get Is a particular stock a good investment These questions look different from corporate finance But the way you learn to think about corporate finance can be highly applicable to personal finance Main goal of the course Teach you all the fundamentals of corporate finance Acquire the tools necessary to evaluate the value of investment projects the value of a company Learn to analyze financing decisions Financing firms and new projects Choosing a payout policy Mergers Acquisitions Not just know but understand and apply this body of knowledge Apply to case studies and recent events Use in new and more complex situations think corporate finance The world is always changing General principles Specific formulae Overview of the course 1 Cash flows Discounting and Valuation Evaluating Valuing decisions e g new projects Cash flows Cost of Capital Valuation 2 Financial Policy How should projects be financed Debt vs Equity How to raise financing How to pay investors back 3 Special Topics as time allows M A Corporate governance Risk management Who You Are 1 Fill out a personal info sheet 2 Please bring name cards
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