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| ECON0255-1 | Financial Markets and Corporate Strategy
[ english version ]
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| Durée : | 30h Th, 15h Pr | |||||
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| Crédits/ECTS : |
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| Titulaire(s) : | Pierre‑Armand Michel | |||||
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| Aperçu général : | This course offers an intensive and in-depth overview of the main principles underlying Financial Markets and Corporate Strategy: Financial Markets and Financial Instruments; Valuing Financial Assets; Valuing Real Assets; Capital Financial Structure: How Taxes Affect Financing Choices, How Taxes Affect Dividends and Share Repurchases, Bankruptcy Costs and Debt Holder - Equity Holder Conflicts, Capital Structure and Corporate Strategy; Incentives, Information, and Corporate Control: How Managerial Incentives Affect Financial Decisions, The Information Conveyed by Financial Decisions, Mergers and Acquisitions; Risk Management: Risk Management and Corporate Strategy, The Practice of Hedging, Interest Rate Risk Management. | |||||
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| Objectif du cours : | The textbook we use in this course represents the cutting edge of what today's top scholars and practitioners know about finance. This text's modern investment theory presents the forefront of interpreting what the data says about theories, risk management, capital budgeting, and on the issues that need to be considered to determine both a firm's proper mix of debt and equity financing and its value maximizing dividend policy. Using a blend of intuitive and practical methods, the authors lay the foundation to help students become successful financial managers. | |||||
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| Pré-requis : | Cours prérequis: Corporate Finance (30h) et Advanced Corporate Finance (30h). | |||||
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| Organisation : | A discussion of the theoretical underpinnings of "Financial Markets and Corporate Strategy" will be combined with practical applications in the form of cases and exercises. Niveau : 2ème lic. sc. gestion (option) (45h) - 3ème ép. grade d'ingénieur de gestion (45h) - DEA/DES en sc. gestion (option) (45h). | |||||
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| Notes de cours : | Ouvrage suivi : GRINBLATT M. et S. TITMAN, Financial Markets and Corporate Strategy, Irwin/Mc Graw-Hill, New York, 2nd ed., 2002. | |||||
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| Evaluation : | Examen oral. Session : Décembre (3ème ép. grade d'ingénieur de gestion) / Janvier (autres sections). | |||||
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| Contacts : | Enseignant : P.A.MICHEL, Bât. B31, Bureau II/53 Tél. : 04/366.27.20 et 31.97 e-mail : pam.michel@ulg.ac.be Assistante : B. BODARWE, Bât. B31, Bureau II/50 - Tél. : 04/366.31.97 e-mail : beatrice.bodarwe@ulg.ac.be | |||||
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| Remarques : | Durée et période : 30h (cours ex cathedra) + 15h (séances d'exercices) au 1er semestre. | |||||
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ULg : Administration de l'Enseignement et des Etudiants - Affaires Académiques
Responsable de l'information : Monique Marcourt, direction A.E.E.
Date de validité des données : 8/04/2005
Réalisation SEGI