FINA0071-1

Durée

30h Th, 24h SEM

Nombre de crédits

	Master en sciences de gestion, à finalité (H.D.)	5 crédits

Enseignant

Marie Lambert

Langue(s) de l'unité d'enseignement

Langue anglaise

Organisation et évaluation

Enseignement au deuxième quadrimestre

Unités d'enseignement prérequises et corequises

Les unités prérequises ou corequises sont présentées au sein de chaque programme

Contenus de l'unité d'enseignement

Introduction to Finance
From Accounting to strategic / « corporate » finance
From Corporate Finance to Financial Markets (Modern Portfolio Theory)Case discussion "Scott's hospitality Inc. - EVA" - mandatory pre-readings

B1. Tools and strategies to manage the financial environment: valuation and investments
Financial and performance analysis
Financing and investment in a global environment: International investments, international capital structure and the cost of capital
Financial analyst report
Credit analysis and debt valuation

B2. Tools and strategies to manage the financial environment: asset & risk management
Investment policy, asset allocation and market views
International risk management
Investment policy, asset allocation and market views

C. Putting all pieces together
Investors' asset allocation preferences
- Types of investors
- From Modern Portfolio Theory to Asset Management
Final quizz

Acquis d'apprentissage (objectifs d'apprentissage) de l'unité d'enseignement

The intended learning objectives (ILOs) for this course are:

Identify and synthetize theories, concepts, tools, skills practices and research to address problems, accomplish complex tasks and complete projects that are common in a business environment;
Develop, implement and evaluate a strategy to assess opportunities that sustain and improve the organization's competitive position;
Compare the environment in which business operates in a Euregional context and elsewhere through direct experience and interaction with local, regional and multinational businesses;
Examine the implications of corporate strategy for financing, knowledge and management; estimate the need for funds, training and project management;
Organize and lead a team to collective group accomplishment;
Demonstrate managerial communication skills.
Synthetize the global context of Risk Management Rules
Specify typology and identification of key risks
Assess the risk-adjusted performance of your asset allocation
Employ main models and tools for risk management
Evaluate the characteristics, objectives and risks of derivatives

After this Course, students should be able to:

Perform diagnostics on company's operating performance and on the key value drivers to improve its performance
Understand the international financial landscape and the challenges and opportunities of a Global Financial Environment
Identify the key financial dimensions facing the firm (interest rates, credit risk, exchange rates, commodities, equity and liquidity risks) and the adequate ways to proactively manage them
Identify the key dimensions of risk management in an international framework and develop a strategic vision of the firm's positioning in this landscape.
Understand approaches to asset management and security selection
Identify the nature and usefulness of derivatives products

Savoirs et compétences prérequis

Accounting

Activités d'apprentissage prévues et méthodes d'enseignement

Readings (book chapters) and assignments to prepare the seminar,
Repeating and deepening the subject matters prepared by the participants,
Casework in small groups applying the relevant market finance concepts. To do so, we ask you to form three groups of participants and to enroll into your group on the OMBA platform,
Brief presentations by the participants on confined topics; they will serve for a further learning and assessment of the cases on one hand and they will be one of the criteria for the mark or grade acquired for the course on the other hand,
Other case and practical exercises.

Mode d'enseignement (présentiel ; enseignement à distance)

Distance learning and on-site seminar

Lectures recommandées ou obligatoires et notes de cours

Compulsory readings
The following book is a prerequisite reading before the course:
Investments, 9/e
Zvi Bodie, Boston University Alex Kane, University of California - San Diego Alan J. Marcus, Boston College

In-depth reading of the following chapters:

Chapter 1 The Investment Environment
Chapter 2 Asset Classes and Financial Instruments
Chapter 3 How Securities are Traded
Chapter 11 The Efficient Market Hypothesis
Chapter 16 Managing Bond Portfolios
Chapter 17 Macroeconomic and Industry Analysis
Chapter 18 Equity Valuation Models
Chapter 19 Financial Statement Analysis
Chapter 24 Portfolio Performance Evaluation (24.1, 24.5)
Chapter 25 International Diversification
Chapter 27 The Theory of Active Portfolio Management (27.1)

Preliminary reading of the following chapters:

Chapter 5 Introduction to Risk, Return, and the Historical Record
Chapter 6 Risk Aversion and Capital Allocation to Risky Assets
Chapter 14 Bond Prices and Yields
Chapter 20 Options Markets: Introduction
Chapter 22 Futures Markets
Chapter 24 Portfolio Performance Evaluation
Chapter 27 The Theory of Active Portfolio Management
Chapter 28 Investment Policy and the Framework of the CFA Institute

Modalités d'évaluation et critères

The evaluation will be done on the basis of the following grid:

Team preparation of the report: 30% of final grade
Individual grading on group presentations (Saturday): 15% of final grade
Integrative case slides: 20% of final grade
Individual grading on group presentations (Sunday): 15% of final grade
Final (individual) quiz: 20% of final grade

This involves that 50% of the final grade is based on teamwork, and 50% of the final grade is individual.

Stage(s)

Remarques organisationnelles