Corporate Finance in Emerging Economies

2019-2020

Course Objective

BRIDGING THEORY AND PRACTICE
KNOWLEDGE: Demonstrates theoretical and empirical knowledge concerning
the relevant areas in international business administration
After successfully completing this course, the student:
• can explain, contrast, and compare basic theories, models and concepts
of corporate finance, specifically in relation to investment and
financing decisions taken by firms.
• can describe differences regarding corporate finance in emerging
versus developed economies.

APPLICATION: Can propose a solution to an international real-life
business problem by applying relevant theories and methodologies.
After successfully completing this course, the student:
• is able to apply theoretical knowledge and explain investment and
financing decisions taken by firms.

QUANTITATIVE SKILLS
• is able to apply common valuation models in corporate finance.

BROADENING YOUR HORIZON - STUDENTS ARE ABLE TO REFLECT ON THE ETHICAL
AND SOCIAL IMPLICATIONS OF PROFESSIONAL AND GOVERNMENTAL DECISIONS

After successfully completing this course, the student:
• can explain the financial international, and (cross-)cultural context,
including developed versus emerging economies.

Course Content

The course Corporate Finance in Emerging Economies provides a discussion
of most important financing decisions taken by firms. Throughout the
course, we will put a particular emphasis on highlighting differences
between developed and emerging economies. We will discuss capital
structure decisions, payout policies, corporate valuation models,
markets for corporate securities, and corporate governance. In
particular the latter topics allow broad international comparisons due
to historical, cultural, and regulatory differences across countries.
After successfully attending this course, students should be able to:
• Discuss differences between equity and debt financing
• Critically assess assumptions and outcomes of most common valuation
models
• Highlight international differences in markets for financial
securities and corporate governance

Teaching Methods

Lectures
Tutorials

Method of Assessment

Written exam – Individual assessment
Case assignments – Group assessment
Individual assessment
Mandatory attendance and in-class participation tutorials

Literature

J. Berk and P. DeMarzo, Corporate Finance, Pearson, 3rd Global Edition

Additional (required) materials will be announced via Canvas.

Additional Information

Completing this course (or alternatively a corporate finance course in
the other BSc tracks) is a prerequisite for the MSc Finance, and
recommended for the MSc Business Administration - specialization
Financial Management.

Recommended background knowledge

2.2 Finance

General Information

Course Code E_IBA2_CFEE
Credits 6 EC
Period P5
Course Level 200
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator dr. M. Altieri
Examiner dr. M. Altieri
Teaching Staff dr. G. Tumer Alkan
dr. M. Altieri

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Study Group
Target audiences

This course is also available as: