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| GEST0903-1 | Corporate Financing
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| Duration : | 30h Th |
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| Credits/ECTS : |
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| Holder(s) : | Jacques Berwart |
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| Language : | Langue française |
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| Course contents : | - Assessment of the financial needs of the company.
- Equity capital financing. The investment decision. Techniques (equity capital & subordonnés loans). Public Funding.
- Long- & short-term financing credits. Techniques. Public Funding.
- Short-term operating credits. Techniques.
- Active guarantees (taken by the company) and passive guarantees (given by the company). General points.
- General psychology of the relationship between the company and its professional lenders.
NB : Financial assessment techniques are universal, while funding techniques are different from one country to another |
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| Course objective : | This course will present the theory & practice of corporate financing. Both the points of view of the company and of the loan professional will be presented.
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| Prerequisites : | FIN 505 Accounting & Finance |
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| Organization : | Presentations, illustrated by examples & exercises. |
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| Written notes : | - VAN RYN et HEENEN, "Principe de droit commercial", vol. 3 et 4, Bruylant 1981 et 1988.
- CREDIT GENERAL S.A. DE BANQUE, "Manuel des Crédits", Crédit Général 1987.
- R. BROUW, "La technique de négociation des crédits", Ed. des Services Interentreprises 1973.
- J. MARGERIN et G. AUSSET, "Investissement et financement", Ed. d'Organisation, 1990.
- J. MASSON, "Les crédits bancaires aux entreprises", Ed. d'Organisation, 1989.
- J.-L. MEDUS, "Ingénierie financière et opérations à effets de levier", Ed. d'Organisation, 1991.
- Revues BANQUE (France), REVUE DE LA BANQUE (Belg.), THE JOURNAL OF COMMERCIAL BANK LENDING, RMA (USA). |
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| Assessment : | 1st session assessment : oral examination at the end of the semester
2nd session assessment : oral examination at the end of the semester
prolonged 2nd session assessment : oral examination at the end of the semester |
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| Contacts : | Professor: Jacques Berwart - e-mail: jberwart@ulg.ac.be |
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