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TEL-AVIV UNIVERSITY
Faculty of Management – Recanati Business School
1231.3340 Financial Management Prof. Shmuel Kandel
Spring 2004
Course Description and Outline
The objective of this course is to develop decision-making ability based on Corporate Finance theory. Hence, it combines lectures with case analysis. The course and the cases deal with selected topics in Corporate Finance such as valuation, capital budgeting, cost of capital, mergers and acquisitions, capital structure policy, and warrant and convertible use and valuation. The purpose of the cases is not to introduce these topics, but to further examine the theoretical concepts and models of finance and how they can be applied to reasonably realistic situations.
The prerequisite for the course is Principles of Finance (“Yesodot HaMimun”). Most of the required and recommended readings are from the book Corporate Finance: A Valuation Approach by Benninga and Sarig (McGraw Hill, 1997). Cases are provided in the bulkpack. We recommend some articles as additional, background material on some of the topics. The recommended readings are taken from The New Corporate Finance, 3rd Edition, edited by Donald H. Chew, JR. (McGraw Hill, Inc., 2001), which summarizes recent Corporate Finance research in a very accessible manner. You may also read the appropriate chapters from any good Corporate Finance book, such as Principles of Corporate Finance by Brealey and Myers (McGraw-Hill/Irwin, 7E, 2003).
The recommended readings are largely non-technical in nature and summarize the findings of academic research in corporate finance in recent past. Most of the articles are meant to be background material. They need not be cited in the case reports.
In the second meeting, on Wednesday, March 3, 2004, the class will be organized into study groups, four people in a group. Each group will write detailed reports on the six cases. Each report should include 2-4 pages of analysis
Faculty of Management – Recanati Business School
1231.3340 Financial Management Prof. Shmuel Kandel
Spring 2004
Course Description and Outline
The objective of this course is to develop decision-making ability based on Corporate Finance theory. Hence, it combines lectures with case analysis. The course and the cases deal with selected topics in Corporate Finance such as valuation, capital budgeting, cost of capital, mergers and acquisitions, capital structure policy, and warrant and convertible use and valuation. The purpose of the cases is not to introduce these topics, but to further examine the theoretical concepts and models of finance and how they can be applied to reasonably realistic situations.
The prerequisite for the course is Principles of Finance (“Yesodot HaMimun”). Most of the required and recommended readings are from the book Corporate Finance: A Valuation Approach by Benninga and Sarig (McGraw Hill, 1997). Cases are provided in the bulkpack. We recommend some articles as additional, background material on some of the topics. The recommended readings are taken from The New Corporate Finance, 3rd Edition, edited by Donald H. Chew, JR. (McGraw Hill, Inc., 2001), which summarizes recent Corporate Finance research in a very accessible manner. You may also read the appropriate chapters from any good Corporate Finance book, such as Principles of Corporate Finance by Brealey and Myers (McGraw-Hill/Irwin, 7E, 2003).
The recommended readings are largely non-technical in nature and summarize the findings of academic research in corporate finance in recent past. Most of the articles are meant to be background material. They need not be cited in the case reports.
In the second meeting, on Wednesday, March 3, 2004, the class will be organized into study groups, four people in a group. Each group will write detailed reports on the six cases. Each report should include 2-4 pages of analysis