SemesterSpring Semester, 2020
DepartmentMBA Program, First Year MBA Program, Second Year
Course NameFinancial Management
InstructorCHAN KONAN
Credit3.0
Course TypeRequired
Prerequisite
Course Objective
Course Description
Course Schedule

 



















































































































Date



Topic/Text chapters



Case



Assignments/Readings



Feb. 20



Introduction (BMA 1,28/RWJ 1-3)



 



 



Feb. 27



Capital budgeting (BMA 2,5-6/RWJ 4-6)



 



 



Mar. 5



Stock and bond valuation (BMA 3-4/RWJ 8-9)



 



 



Mar. 12



Risk & return (BMA 7-8/RWJ 10-11)



 



 



Mar. 19



Cost of capital (BMA 9/RWJ 13)



EVA (BMA 28)



Nike



(Cost of capital)



*Best practices in estimating the cost of capital: An update



*The real key to creating wealth



Mar. 26



Field trip, no class



 



 



Apr. 2



Holiday, no class



 



 



Apr. 9



Field trip, no class



 



 



Apr. 16



EVA



Valuation/DCF method



Valmont



(EVA)



Evidence on EVA



 



Apr. 23



Payout Policy (BMA 16/RWJ 19)



 



Excess cash and shareholder payout strategies



Apr. 30



Payout Policy (BMA 16/RWJ 19)



Rockboro



(Payout)



*Reappearing dividends



May 7



Capital structure (BMA 18/RWJ 16)



 



Agency costs of free cash flow, corporate finance, and takeovers



May 14



Capital structure (BMA 18/RWJ 16)



Deluxe



(Leverage)



*How to choose a capital structure



May 21



M & A (BMA 31/RWJ 29)



 



Creating value with mergers and acquisitions



May 28



M & A (BMA 31/RWJ 29)



Sanofi (M&A)



 



Jun. 4



IPO



 



 



Jun. 11



Final Exam



 



 




The above schedule is extremely tentative, and subject to change. Any variations will be announced in the class and posted on the course web.



* means “highly recommend”


Teaching Methods
Teaching Assistant

Sherwin Chu (107357011@nccu.edu.tw)


Requirement/Grading

The weights of the various components in determining the final grade will be:



A1. Class Participation 25%



A2. Exam 25%



A3. Cases and assignments 50%



Total 100%




 


Textbook & Reference

Corporate Finance by Ross, Westerfield, Jaffe, 12th edition, 2019 (RWJ), or



Corporate Finance by Brealey, Myers, Allen, 12th edition, 2017 (BMA)



 



Some supplement materials of this course will be extracted from the following book as well.



Corporate Finance by Berk and DeMarzo, 4th edition, 2017




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