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| GEST1012-1 | Corporation evaluation | |||||||||||
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| Duration : | 30h Th | |||||||||||
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| Credits/ECTS : |
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| Holder(s) : | Alain Schockert | |||||||||||
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| Course contents : | - Assessing a financial asset, a company : -assessment methods : intrinsic value, stock market ratios, discounted cash flow (dividends, free cash-flows); -impact of the financial structure; -risk premium; -importance of the investment cost variable for the valve of financial assets. -illiquidity discount; -call premium, takeover legislation. - Effect of interest rates on financial markets (influence of the business cycle). - Financing sources & cost of capital. - Stock market listing of a Belgian company : advantages & disadvantages. | |||||||||||
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| Course objective : | Good command of company assessment methods. Students will have to be able to take into account the evolving economic & financial context in their reflection, as well as the taxation point of view. | |||||||||||
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| Prerequisites : | FIN 505 Accounting & Finance FIN 524 Financial Analysis | |||||||||||
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| Organization : | -Analysis of real-life cases - Critical analysis of articles. - Economic & financial news in the perspective of the course. | |||||||||||
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| Written notes : | - Richard A. BREALEY / Stewart C. MEYERS, "Principles of Corporate Finance", Mc Graw-Hill International Editions. - J.P. COUVREUR, "La décision d'investir et la politique de l'entreprise", Université et Entreprise. - R. COBBAUT, "Théorie Financière", Economica. - A. SIAENS, "Monnaie et Finance", De Boeck. - J. Fred WESTON and Eugene F. BRIGHAM, "Managerial Finance", Holt-Saunders International Editions. | |||||||||||
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| Assessment : | 1st session assessment : continuous assessment 2nd session assessment : written examination prolonged 2nd session assessment : written examination | |||||||||||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 27/02/2006
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