Advanced Capital Budgeting - AP501002
Anglický název: Advanced Capital Budgeting
Zajišťuje: Ústav ekonomiky a managementu (837)
Platnost: od 2021
Semestr: oba
Body: 0
E-Kredity: 0
Způsob provedení zkoušky:
Rozsah, examinace: 3/0 [hodiny/týden]
Počet míst: zimní:neomezen / neurčen (neurčen)
letní:neurčen / neurčen (neurčen)
Minimální obsazenost: neomezen
Jazyk výuky: angličtina
Způsob výuky: prezenční
Pro druh: doktorské
Poznámka: předmět je určen pouze pro doktorandy
student může plnit i v dalších letech
předmět lze zapsat v ZS i LS
Garant: Vlachý Jan doc. Ing. Ph.D.
Záměnnost : D101001
Termíny zkoušek   
Anotace - angličtina
Poslední úprava: Vlachý Jan doc. Ing. Ph.D. (09.12.2020)
The course will familiarize students with assorted topics of the advanced theory of corporate finance and their applications, with an emphasis on quantitative methods, capital budgeting, financing and valuation. Particular focus will be on issues, directly relating to the student‘s thesis.
Literatura - angličtina
Poslední úprava: Vlachý Jan doc. Ing. Ph.D. (09.12.2020)

Core Literature:

[1] Copeland, T.E., Weston, J.F., Shastri, K. Financial Theory and Corporate Policy. 4 ed. Pearson, Boston 2005. ISBN 0-321-12721-8

[2] Ogden, J.P., Jen, F.C., O’Connor, P.F. Advanced Corporate Finance: Policies and Strategies. Prentice Hall, Upper Saddle River 2003. ISBN 0-13-091568-8

[3] Damodaran, A. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. 3 ed. John Wiley, Hoboken 2012. ISBN 971-1-118-01152-2

[4] Bierman, H., Smidt, S. The Capital Budgeting Decision: Economic Analysis of Investment Projects. 9 ed. Routledge, New York 2012. ISBN 978-0-415-40003-9

Recommended Literature:

[5] Tirole, J. The Theory of Corporate Finance. Princeton University Press, Princeton 2006. ISBN 978-0-691-12556-5

[6] Mun, J. Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions. 2 ed. John Wiley, Hoboken 2006. ISBN 978-0-471-74748-2

[7] Vlachý, J. Corporate Finance. Leges, Praha 2018. ISBN 978-80-7502-291-2

Additional readings as assigned by lecturer.

Sylabus - angličtina
Poslední úprava: Vlachý Jan doc. Ing. Ph.D. (09.12.2020)

1. Introduction, reference to prerequisites and subject of thesis

2. Theoretical fundaments of corporate finance, their development and practical contexts

3. Capital budgeting criteria and their application; cash flow estimates for different types of projects

4. Issues in determining the discount rate and cost of capital

5. Investment decisions under uncertainty, modelling techniques

6. Life Cycle Costs, Sunk Costs, Externalities, Synergies

7. Real options and their application for capital budgeting and valuation

8. Corporate and project valuation models

9. Decision-making in Mergers, Acquisitions and Divestitures

10. Capital structure and financing decisions

11. Agency theory, information asymmetry, and its consequences

12. Company in financial distress and under restructuralization

13. Case study and consultation related to the subject of thesis

14. Written assignment presentation and interview

Podmínky zakončení předmětu - angličtina
Poslední úprava: Vlachý Jan doc. Ing. Ph.D. (09.12.2020)

Defence of individually assigned project, interview.