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11. Corporate Finance

As can be derived from the title, this course is about financial decisions made by a special type of firm: a corporation. A corporation is supposed to maximize the market value of its stocks, but it also has to obey the law, respect ethical norms and contribute to social goals. Concentrating on corporations enables us to focus on the decisions made by the largest and most influential firms in the world including multinationals such as General Motors, IBM, Kodak, Mitsubishi, Shell and Unilever.
Corporate finance is a relevant subject of study because finance has to do with money and nowadays almost everything has a price ticket. The course aims at learning objectives such as to provide the student with the required knowledge and ability concerning the

• terminology, concepts, techniques, models and theories of corporate finance,
• relationship between risk and return,
• (multi-currency) international transactions of a corporation,
• as well as to provide the student with the necessary practical skills to:
  • handle the relevant instruments in order to analyse, select and monitor value-maximizing projects,
  • manage working capital components such as cash, bank accounts, accounts receivable and inventories.