Corporate finance

Garant předmětu:

Oldřich Starý

Lecturer:

Oldřich Starý

Tutor:

Oldřich Starý

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Principles of finance, present value and alternative cost

of capital, financial calculus, long-term finance,

valuation of bonds and stocks, investment decision and net

present value, IRR, comparison time period, annual

equivalent value, inflation and return, capital asset

pricing model, portfolio, sensitivity analysis and risk, short term finance, cash flow management.Dividend policy.

Requirements:

Syllabus of lectures:

1.Introduction of finance, present value, opportunity cost

2.Anuity, perpetuity, compound and simple interests.

3.Long term finance. Stock and bonds prices

4.Investment efficiency evaluation techniques. IRR, NPV.

5.Complex financial evaluation.The comparison period, an equivalent annual value.

6.Decision making with NPV.

7.Inflation and tax influence on investment decision.

8.Projects are not a black box.

9.Capital assets pricing model.

10. Introduction to the theory

of portfolio.

11.Sensitivity and risk analysis.

12. Financial risk.

13.Short term financial plans and decison making.

14.Other financial problems.Reserve.

Syllabus of tutorials:

1.Introduction of spreadsheets use focused on financial

management.

Financial calculus.

2.Loans. Kinds of interests calculation..Depreciation. Tax shield. Group project assignment.

3.NPV and IRR calculations. Mutually exclusive investments.Taxes, finance and NPV.

4.Comparison period. Complex projects.Bonds and stock prices. Model with constant growth.

5.Expected return and standard deviation of portfolio. Risk

free return.Market portfolio. Securities market line. Portfolio with maximal return

6.Reading of finacial news.

7.Test. Group project deadline.Project presentation.Assesment. Consultation.

Study Objective:

Study materials:

Note:

Further information:

https://ekonom.feld.cvut.cz/cs/student/predmety/finance-podniku

No time-table has been prepared for this course

The course is a part of the following study plans:

• Inteligentní budovy (compulsory elective course)
• Inteligentní budovy - platný od roku 2012 (compulsory elective course)
• 18 159 NIBU 2012 bez odoru základ (compulsory course in the program)
• Inteligentní budovy - platný od roku 2020 (compulsory elective course)
• Inteligentní budovy - platný od roku 2024 (compulsory elective course)