Managerial Finance is one of the core courses in finance. Everyone cares about real business impact of corporate decision. All businesses have to allocate their resources timely and wisely, finding the right opportunity to invest, seeking the right mix of financing to fund these investments, and returning cash to shareholders if not enough good projects. The most fundamental objective of is to maximize firm value, no matter it is large, publicly listed companies or small, privately run businesses. The purpose of this course is to introduce you to capital markets in which firms invest and to give you an understanding of important factors that can affect corporate valuation. All of corporate finance is built on three principals, the investment, financing and dividend decisions. Consequently, any decision (investment, financial, or dividend) that increases the value of a business is considered a good one, whereas one that reduces firm value is considered a poor one. The material in this course will helps to evaluate key decision made by managers of the firm, covering cases in both emerging countries and developed economics. All students of this course should have an international orientation. Besides, we will also analyse firms across their life cycles, especially focus on the estimation of early stage. A startup is not a smaller version of a large company. The subsequent stages of valuation for those young firms can become more explicit since the entrepreneur will have to give up some shares in return for external funding. Topics include advanced capital budgeting and capital raising including venture capital and initial public offerings and mergers and acquisition will also be introduced as a foundation to linked more advanced future studies.

CILO-1: Define the primary goal of a business and the agency problem encountered by a corporation. CILO-2: Calculate the value of various financial securities such as stocks and bonds. CILO-3: Measure cost of equity and cost of debt of a firm and explain the trade-off between risk and return. CILO-4: Understand the corporate payout policy.