Course Details
Country:
Netherlands
Institution:
Erasmus School of Economics
Course Title:
Finance 1
Course Number:
FEB12003X
Course Description:
This course examines:
The corporation and other business forms
The functioning of stock markets
Financial statement analysis
(The absence of) Arbitrage
The time value of money and the appropriate discount rate
Investment decision rules (NPV)
The basics of valuation for capital projects
Bonds & stocks
Market efficiency
Models of risk and return (mean-variance optimization, CAPM and alternatives)
The choice of capital structure in relation to firm value:
Modigliani & Miller
Taxes
Tradeoff theory (financial distress, agency costs)
Asymmetric information (pecking order theory)
Payout policy (dividends, share repurchases)
Language:
English
Approved Equivalent:
FNAN 341
Attachment Files:
