Durée
24h Th
Nombre de crédits
| Executive Master International MBA (non organisé en 2025-2026) | 3 crédits | |||
| Executive Master in Private Equity and Other Alternative Asset Classes | 3 crédits |
Enseignant
Langue(s) de l'unité d'enseignement
Langue anglaise
Organisation et évaluation
Enseignement durant l'année complète
Horaire
Unités d'enseignement prérequises et corequises
Les unités prérequises ou corequises sont présentées au sein de chaque programme
Contenus de l'unité d'enseignement
Day 1 (18 :30-21 :30): Financial forecasting
Day 2 (18 :30-21 :30): Financial Modelling; Valuation
Day 3 (18 :30-21 :30): Capital budgeting
Day 4 (18 :30-21 :30): Real Options
Day 5 (18 :30-21 :30): Funding the business: from start-up to IPO
Day 6 (18 :30-21 :30): Optimal capital structure
Day 7 (18 :30-21 :30): Distribution policy
Day 8 (18 :30-21 :30): Mergers & Acquisitions
Day 9 (18 :30-21 :30): Project Financing
Day 10 (18 :30-21 :30): Wrap up
Day 11 (18 :30-21 :30): Student group project presentations
Day 12 (18 :30-21 :30): Kick-off final exam (take-home case study to be handed in one week following Day 12)
Acquis d'apprentissage (objectifs d'apprentissage) de l'unité d'enseignement
Upon successful completion of this course, participants will be able to :
? Apply the concepts of maximisation of firm value and risk analysis to a variety of management decisions,
? Demonstrate the importance of identifying key value drivers and performing sensitivity analysis in support of decision making,
? Analyse alternative financial decisions using financial models,
? Appreciate the role of corporate finance supporting decision making in the areas of capital budgeting, capital structure and distributions,
? Make financial decisions to create value for the organisation (within the framework of value-based management).
Savoirs et compétences prérequis
Activités d'apprentissage prévues et méthodes d'enseignement
Interactive lectures and exercises.
Mode d'enseignement (présentiel, à distance, hybride)
Cours donné exclusivement en présentiel
Informations complémentaires:
In-class interactive lectures and exercises.
Supports de cours, lectures obligatoires ou recommandées
Autre(s) site(s) utilisé(s) pour les supports de cours
- Moodle HEC Executive (https://exed.hec.uliege.be/)
Informations complémentaires:
Obligatory :
Case pack made assembled by faculty and made available to download from Harvard Business Publishing website
Class notes presented on Power Point
Faculty will present supplemental readings throughout the course
Recommended :
Text books: Fundamentals of Corporate Finance (10th edition or higher) by Richard Brealey, Stewart Myers, Alan Marcus; Corporate
Finance Theory and Practice by Aswath Damodoran; A Random Walk
Down on Walk-Street: The Time-Tested Strategy for Successfully
Investing by Burton Malkiel
Financial press (eg: Financial Times, Wall Street Journal, The Economist, etc.)
News providers (eg: Reuters, Bloomberg, Yahoo Finance, etc.)
The grades will be made available online on Moodle.
Modalités d'évaluation et critères
Examen(s) en session
Toutes sessions confondues
- En présentiel
évaluation orale
Informations complémentaires:
? Understanding of the concepts and their application through Class Participation (35%),
? Group project (30%), and
? Take home case study final exam (35%).
Stage(s)
Remarques organisationnelles et modifications principales apportées au cours
Contacts
Référent du cours :
Zoltan Horvath