《公司金融》课程教学大纲模版英文版

1、Syllabus of Corporate FinanceCourse Name：Corporate Finance Course Code： Credits：3 Total Credit Hours：48 Lecture Hours：48 Experiment Hours： Programming Hours： Practice Hours：Total Number of Experimental (Programming) Projects , Where, Compulsory ( ), Optional ( ).School：08School of Businesses Target

2、Major：Finance、Course Nature & Aims Corporate finance is one of the main fields of modern finance teaching and research. It belongs to the category of micro finance and is the core course of finance major. Based on the basic theory of financial economics, it is an applied discipline to analyze the co

3、rporate financial behavior, activities and the theoretical explanation behind them. This course mainly introduces and studies the theoretical explanation of financial activities in the process of making various financial behaviors and financial strategies. Based on financial economics, it highlights

4、 the theoretical explanation and method introduction of corporate financial decision-making. It includes: the theory of present value, the theory of capital structure, the theory of information asymmetry, the theory of Priority Financing under information asymmetry, the theory of dividend policy and

5、 merger and acquisition. The purpose of this course is to enable students to master the basic theories and methods of investment decision-making, financing decision-making and corporate financial activities, and to be familiar with the possible economic theoretical explanations of these behaviors an

6、d activities.Corporate finance is the main course in the training of finance major. The theory and application of the course are combined. Through the study of the course, the students can understand the objectives and basic contents of corporate finance, learn the basic theory and practical knowled

7、ge of corporate finance, and be familiar with how the micro subject of the company makes decisions on investment, financing and dividend distribution Activities to optimize their own interests and maximize the value of the company, learning, understanding and mastering the basic theories, methods an

8、d specific applications of corporate finance.、Course Objectives 1. Moral Education and Character Cultivation. By studying the theoretical and practical knowledge of securities investment, we can have a comprehensive understanding of Chinese financial market, especially the related knowledge of secur

9、ities market. Through the explanation of the history of Chinese Securities and the establishment process of relevant theories and technologies, we can understand how the predecessors think in the development process of Chinas financial market, how to overcome the obstacles encountered, and help stud

10、ents establish scientific thinking methods and the spirit of bravely facing challenges in their work. From the perspective of the role of finance discipline in the innovation driven development of China, with the research work of outstanding contributors as the carrier, we should integrate the educa

11、tion of socialist core values into the teaching content and all links of the whole teaching process, highlight the value guidance, knowledge teaching and ability training, help students to correctly understand the historical laws, accurately grasp the basic national conditions, and grasp the scienti

12、fic world outlook and methodology, Promote the establishment of correct world outlook and values2.Course ObjectivesThrough the study of this course, students qualities, skills, knowledge and abilities obtained are as follows：Objective 1. This course is the professional basic course of the whole fina

13、ncial discipline, one of the two core courses in the micro direction of the financial discipline, and also the core course in the direction of corporate finance. On the premise of ensuring the scientificity and systematization of the course teaching, taking the most basic and core theory of corporat

14、e finance investment decision, financing decision and corporate governance as the key teaching content, the students are required to grasp the basic theoretical analysis framework and methods of corporate finance relatively completely and apply them in practice. (Corresponding to Lecture 1, 2 and 3,

15、 supporting for graduation requirement index 2.1) Objective 2. Adhere to the combination of theory and reality, based on the basic principles of listed companies and capital market operation, require students to understand the complete process of corporate financial decision-making, analyze and expl

16、ore the practical problems faced by Chinese Listed Companies in operation by applying corporate financial theory, and cultivate students comprehensive ability to analyze and solve problems. （Corresponding to Lecture 4, 5, 6, 7 and 8, supporting for graduation requirement index 4.3）Objective 3. Teach

17、 students the theoretical knowledge and practice of modern corporate finance, so that they can fully understand the various financing mechanisms and financial tools of enterprises, and provide services for enterprises in financing, investment and risk management of the financial market. （Correspondi

18、ng to Lecture 9, 10, 11, and 12, supporting for graduation requirement index 5.2）3. Supporting for Graduation RequirementsThe graduation requirements supported by course objectives are mainly reflected in the graduation requirements indices 2.1, 4.3, 5.2 as follows:Supporting for Graduation Requirem

19、entsCourse ObjectivesGraduation RequirementsIndices and Contents Supporting for Graduation RequirementsTeaching TopicsLevel of Support IndicesContentsObjective 12. Comprehensive knowledge and abilityIndex 2.2:Understand the concept of Finance and its embodiment in specific fields, and be able to ana

20、lyze and process the basic financial businessLecture 1, 2 and 3HObjective 24. Practical application abilityIndex 4.3:Be able to use professional theoretical knowledge and modern economic research methods to analyze and solve practical problems, and have certain scientific research abilityLecture 4,

21、5, 6, 7 and 8MObjective 35. Application ability of financial analysis toolsIndex 5.2:Proficient in using modern financial measurement technology and data processing methods for professional data processing, design model and analysis, etcLecture 9, 10, 11 and 12HObjective 4、Basic Course Content This

22、course is divided into 12 lectures, with a total of 48 class hours. Specifically speaking: the first lecture introduces the main research contents, research methods and basic concepts of corporate finance; the second and third lectures teach the content of time value of funds, including the calculat

23、ion of simple interest and compound interest, various definitions and calculations of annuity; the fourth and fifth lectures are the evaluation contents of bonds and stocks based on the relevant concepts of annuity; the sixth lecture is based on the time value of funds Basic explanation of the inves

24、tment decision-making and capital budget problems of enterprises in the face of multiple project selection; the seventh lecture includes the related concepts of income and risk, as well as the introduction of asset portfolio theory and capital asset pricing theory; the eighth and ninth lectures intr

25、oduce venture financing and risk investment related to capital raising, as well as the capital cost problems of enterprises when using different financing tools; the tenth lecture explains modern The theory of capital structure enables students to master the more advanced theories of corporate finan

26、cing structure and capital structure, and to analyze the corporate capital structure and equity structure by applying these theories and knowledge; Lesson 11 is to expand the content, and to explain the new theoretical knowledge points of capital structure by introducing the basic concepts of inform

27、ation economics such as adverse selection and moral hazard; Lesson 12 It is the introduction of dividend policy. Students can understand the theoretical basis and specific methods of making dividend policy through learning.Lecture 1 Introduction to corporate finance (supporting course objectives 1)

28、1.1 organizational form and nature of the enterprise. 1.2 basic content of corporate finance. 1.3 financial objectives of the company. 1.4 development of modern corporate finance theory.Teaching Requirements: The main content of this lecture is the introduction to corporate finance. The teaching req

29、uirements are as follows: first, learn the organizational form and nature of enterprises, get familiar with relevant concepts, then learn the basic content of corporate finance, then learn the objectives of corporate finance, and finally learn the development of modern corporate finance theory, Stud

30、ents are required to master the relevant knowledge points, understand the relevant contents of the introduction course of corporate finance, be familiar with the organizational form and nature of enterprises, understand the development of modern corporate finance theory and corporate financial objec

31、tives, and have the ability to analyze and solve problems.Key Points：The basic contents, objectives and theoretical development of corporate financeDifficult Points：How to briefly introduce the relevant knowledge points in the introduction classLecture 2 and 3 time value of funds (supporting course

32、objectives 1)2.1 time value and cash2.2 calculation of time value2.3 calculation of the final value of annuity and its compound interest2.4 growth annuityTeaching Requirements: The main content of this lecture is the time value of funds. The teaching requirements are as follows: first, learn the tim

33、e value and cash, then the calculation of time value, then the calculation of annuity and its compound interest, and finally the content of increasing annuity, Students are required to master relevant knowledge points, understand the relevant knowledge of time value of funds, be familiar with the ca

34、lculation of time value, and the calculation of the final value of annuity and its compound interest, understand the actual application of growth annuity, and have the ability to analyze and solve problems.Key Points：Time value calculation, annuity and its compound interest final value calculation,

35、growth annuity calculation.Difficult Points：Related calculation formula and derivation.Lecture 4 bonds and their valuation (supporting course objectives 4) 4.1 quotation of interest rate and its determinants and opportunity cost 4.2 cash flow, price and yield of bonds 4.3 dynamic characteristics of

36、bond price 4.4 yield curve and bond arbitrageTeaching Requirements: The main content of this lecture is bonds and their valuation. The teaching requirements are as follows: first, learn the quotation of interest rate and its determinants and opportunity cost, then learn the cash flow, price and yiel

37、d of bonds, then learn the dynamic characteristics of bond price, and finally learn the yield curve and bond arbitrage, Students are required to master relevant knowledge points, understand the relevant knowledge of bond pricing, be familiar with the relationship between interest rate and opportunit

38、y cost, as well as the relevant calculation of bond pricing, understand the dynamic characteristics of bond price, and have the ability to analyze and solve problems accordingly.Key Points：The quotation of interest rate and its determinants and opportunity cost, the principle of bond pricing and the

39、 dynamic characteristics of bond price.Difficult Points：Calculation of bond pricing and dynamic characteristics of bond price.Lesson 5 stock valuation (supporting course objectives 3)5.1 share price, return rate and investment term5.2 dividend discount model5.3 valuation based on comparable companie

40、s5.4 information, competition and stock pricesTeaching Requirements: The main content of this lecture is stock valuation. The teaching requirements are as follows: first, learn stock price, return rate and investment period, then learn dividend discount model, then learn valuation based on comparabl

41、e companies, and finally learn information, competition and stock price, Students are required to master relevant knowledge points, understand the relevant knowledge of stock valuation, be familiar with the calculation of dividend discount model, and the calculation of valuation based on comparable

42、companies, understand the relationship between information, competition and stock price, and have the ability to analyze and solve problems.Key Points：Dividend discount model, valuation based on comparable companies.Difficult Points：Theoretical basis and practical calculation of stock valuation.Less

43、on 6 net present value and other investment criteria (supporting course objectives 3) 6.1 role and classification of capital investment 6.2 analysis of capital investment process 6.3 net present value 6.4 non discount indicators 6.5 internal rate of return 6.6 adjusted internal rate of returnTeachin

44、g Requirements: The main content of this lecture is net present value and other investment criteria. The teaching requirements are as follows: first, learn the relevant content of net present value, then learn the relevant content of non discount index, then learn the calculation of internal rate of

45、 return, and finally learn the content of adjusted internal rate of return, Students are required to master relevant knowledge points, understand NPV and other investment criteria, be familiar with NPV calculation, non discount index and IRR calculation, understand the calculation of adjusted IRR, a

46、nd have the ability to analyze and solve problems.Key Points：NPV, non discount index, IRR.Difficult Points：The difference of adaptation principle and situation between different indicators.Lesson 8 capital raising: venture capital and venture capital (supporting course objectives 3)8.1 overview of v

47、enture capital: concept, characteristics and functions 8.2 fund raising and organizational structure 8.3 selection of venture projects for investment and investment contracts 8.4 cultivating start-ups and value-added services after fund investment 8.5 successful exit and return on investmentTeaching

48、 Requirements: The main content of this lecture is venture financing and venture capital. The teaching requirements are as follows: first, learn the overview of venture capital, then learn fund raising and organizational structure, then learn to select venture projects for investment and investment

49、contracts, finally learn to cultivate venture enterprises and value-added services after fund investment, and successfully exit and realize investment returns. Students are required to master relevant knowledge points To understand the relevant knowledge of venture capital, to be familiar with fund

50、raising and organizational structure, to select venture projects for investment and investment contracts, to understand the value-added function mechanism of venture capital, and to have the ability to analyze and solve problems.Key Points：Overview of venture capital, project investment and contract

51、 design, post investment cultivation and value-added services, and successful exit.Difficult Points：The logical relationship of the cycle chain of venture capital.Lecture 9 cost of capital (supporting course objectives 3) 9.1 concept of cost of capital 9.2 individual cost of capital 9.3 impact of is

52、suance expenses on capital cost 9.4 weighted average cost of capital 9.5 further discussion on cost of capitalTeaching Requirements: The main content of this lecture is capital cost. The requirements of teaching are as follows: first, learn the concept of capital cost, then learn individual capital

53、cost, then learn the impact of issuing expenses on capital cost, and finally learn the content of weighted average capital cost, Students are required to master the relevant knowledge points, understand the relevant knowledge of capital cost, be familiar with the calculation of capital cost and the

54、calculation of weighted average capital cost, understand the actual application of capital cost, and have the ability to analyze and solve problems.Key Points：Cost of capital and weighted average cost of capital.Difficult Points：Relevant calculation of capital cost in different situations.Lecture 10

55、 capital structure analysis (supporting course objectives 3) 10.1 business risk and financial risk 10.2 capital structure 10.3 MM theory of capital structure without corporate income tax 10.4 MM theory with corporate income tax 10.5 determination of enterprise capital structureTeaching Requirements:

56、 The main content of this lecture is capital structure analysis. The teaching requirements are as follows: first, capital structure, then MM theory on capital structure when there is no corporate income tax, then MM theory when there is corporate income tax, and finally the determination of corporat

57、e capital structure, Students are required to master the relevant knowledge points, understand the relevant knowledge of capital structure, be familiar with the calculation of capital structure, understand the actual application of capital structure, and have the ability to analyze and solve problem

58、s.Key Points：MM theory of capital structure with and without corporate income tax.Difficult Points：Deduction and discussion of capital structure theory.Lecture 11 new capital structure theory: the perspective of information asymmetry (supporting course objectives 3) 11.1 information asymmetry 11.2 m

59、oral hazard and Tiroles fixed investment model 11.3 bilateral moral hazard and venture capitalTeaching Requirements: The main content of this lecture is capital structure analysis. The teaching requirements are as follows: first, capital structure, then MM theory on capital structure when there is n

60、o corporate income tax, then MM theory when there is corporate income tax, and finally the determination of corporate capital structure, Students are required to master the relevant knowledge points, understand the relevant knowledge of capital structure, be familiar with the calculation of capital