Corporate finance is the study of the financing decisions made by firms. No matter what your role in a corporation, an understanding for the key financial decisions made by the firm is vital.

In this course we will focus on two broad financial decisions:

• The capital structure decision:

         What is the optimal mix of securities issued by firms to finance their activities?

• The payout decision:

         How much cash should the firm distribute to its equity holders and how?

These encompass a large component of the activity of financial managers. Thanks to the evolution of the theory of modern corporate finance in the last 30 years, financial managers don’t anymore deal with these issues in an adhoc fashion but have at their disposal a self-consistent and well-articulated theory.

Pre-requesites: Finance - before and till 2014/2015

Pre-requesites: NA - in 2015/2016 first enrolment