《高等财务管理》doc版.doc

Syllabus and Course DescriptionFall/Spring Semester of the Academic Year of _Course Title：(Chinese) 高等財務管理Department/InstituteIOF(English) Advanced Financial ManagementPermanent Course ID Instructor: J.R. Lin (林建榮)Credits3Required/ElectiverequiredYear of Students (for undergraduate courses)Required competence or courses that must be previously taken by students: Financial Management (Undergraduate Level)Course Descriptions and Objectives: This course is designed to provide an advanced framework whereby both corporate finance and investment decisions can be viewed and understood in a unified context of risk and return.Textbooks (please specify titles, authors, publishers and year of publication)Financial Markets and Corporate Strategy by Grinblatt and Titman, McGraw-Hill 2th edition, 2002.Financial Theory and Corporate Policy by Copeland, Weston and Shastri, Addison Wesley, 4th edition, 2004Course ContentsHoursRemarksTopicsOutlinesLecturesDemon-strationExperimentOthers1.ValuingFinancial Assets: CAPM, APT, and OP2. Valuing Real Assets: Capital Budgeting and Real Options3.CapitalStructureDecisionsUnderImperfect Markets4.Dividend Policy and Stock Repurchase.Description of Course Details:1. Homework and Assignments: Homework Assignments & Term Paper2. Exams and Quizzes: Midterm & Final Exam3. Evaluation and Grading Policy: Midterm 30% Final Exam 40% Homework Assignments & Term Paper 30%Participation bonus4. Pedagogy and other supplementary information (websites, TAs, handouts and/or databases):Office HoursTime SlotLocationContact Information12:00-1:30pm, MopndayCY 213-APhone: 57074Email: .twSyllabusWeekDateContents/Topic19/15Introduction: Capital Markets, Consumption, and Investment (CWS Ch.1)29/22Theory of Choice: Utility Theory Given Uncertainty (CWS Ch.3)39/29State Preference Theory (CWS Ch.4)410/6Portfolio, Mean-Variance Analysis and the CAPM (GT Ch.4, 5)510/13Factor Models and the APT (GT Ch.6)610/20Pricing Derivatives (GT Ch.7)710/27Options (GT Ch.8) 811/3Options; Discounting and Valuation; Investing in Risk-Free Projects (GT Ch.8, 9, 10)911/10Mid-term Exam1011/17Investing in Risky Projects1111/24Allocating Capital and Corporate Strategy; Corporate Taxes and the Impact of Financing on Real Asset Valuation (GT Ch. 12, 13)1212/1How Taxes Affect Financing Choices (GT Ch.14)1312/8How Taxes Affect Dividends and Share Repurchases (GT Ch. 15)1412/15Bankruptcy Costs and Conflicts between Debt- and Equity-Holder; (GT Ch. 16)1512/22Capital Structure and Corporate Strategy (GT Ch. 17)1612/29How Managerial Incentives Affect Financial Decisions (GT Ch. 18)171/5The Information Conveyed by Financial Decisions (GT Ch. 19)181/12Final ExamRemarks:1. Inclusive of visiting institutes/organizations outsid