Submitted by: Submitted by zyparis
Views: 985
Words: 15925
Pages: 64
Category: Business and Industry
Date Submitted: 01/02/2011 04:17 AM
Corporate Finance
Instructor: Zhao Xiaokang
The Dept. of Business Administration The Glorious Sun School of Business & Management Donghua University E-mail:zxk@dhu.edu.cn
1
Course Evaluation
♦ Class tests
2 x 20% = 40% ♦ Oral presentation 20% ♦ Final exam 40% ♦ Total 100% ♦ no make-up test, the test weighting will be add to the final exam weighting for those students who missed a class test.
2
Suggested further reading
♦ Corporate finance, 7e, by Ross Westerfield
and Jordan, McGraw-Hill Education, 2007 ♦ Principles of corporate finance, 7e, by Brealey and Myers, McGraw-Hill,2003
3
Useful resourses
♦ Http://www.carleton.ca/financeclub ♦ Http://www.nber.org ♦ Http://www.ssrn.com/fen/index.html ♦ Http://www.wsj.com
…
5
An Introduction to Corporate Finance
♦ Four basic Areas of Finance • Investments
• Financial Institutions • International Finance • Corporate Finance
6
Investment
• • • • What kinds of investment tools we have? How to issue new securities? Security Markets Listing and listing requirements • NYSE is a dealer market or an auction market? • What do Investment banks do?
• Goldman Sachs, Merrill Lynch, JPMorgan, Lehman Brother, Saloman Smith Barney, Morgan Stanley • Investment banking: Underwrites IPOs, places private equity ... • Brokage Service: execute security transaction, offers M&A advisory services ..
7
Financial Institutions
• Commercial Banks • Investment banks • Savings institutions • credit unions • mutual funds • insurance companies • pension funds • …
8
International Finance
• Foreign Exchange Risk • Political Risk • Terms like LIBOR, EURO, Eurodollar • What would be the impact on Chinese products if Yuan Strengthens against Dollar?
9
Corporate Finance
♦ What is corporate finance?
– A discipline concerned with value-creation for shareholders and decision-making. It is the way of thinking about money raising, investing, allocating and controlling, etc.
♦ Three...