財務管理

Financial Management

學期

106-2

學分

3 學分

當期課號

5575

永久課號

IBM6014

開課單位

經營管理研究所

授課教師

蔡蕙安

類別

必修

上課時間表

節	週三
3 10:10–11:00	財務管理 TD 3 節連堂
4 11:10–12:00
N 12:20–13:10

* 根據陽明交大上課時間表所列

概述

This course studies corporate finance and capital markets, emphasizing the financial perspectives of managerial decisions. The course touches on all areas of finance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return, and corporate financing and dividend policy. The course draws heavily on empirical research to help guide managerial decisions.

先修科目

-會計學 -經濟學

評分方式

- Participation and Case Discussion (20%) - Case Presentation (20%) - Mid-Term (30%) - Final Project (30%)

週次計畫

週次	主題
第 3 週	Introduction Brealey, Ch. 1 Play: Match the types of companies with the Balance Sheets and ratios
第 3 週	Principle of Valuation Brealey, Ch. 2-3
第 4 週	Evaluating Projects: NPV, Measuring Cash flows, Using Accounting Data Brealey, Ch. 6, 12
第 5 週	Evaluating Projects: Real Options, Internal Rate of Return. Brealey, Ch. 5, 10, 11
第 6 週	Firm Valuation: Growth and Cash flows (3/28) Brealey, Ch. 4
第 7 週	Firm Valuation: Valuation Models, Accounting vs. Economic Returns Brealey, Ch. 12, 28
第 8 週	Risk & Return Brealey, Ch. 7
第 9 週	Portfolio Theory Brealey, Ch. 7-8
第 10 週	CAPM Brealey, Ch. 8 Case : Mayfield, E. Scott. "NetFlix.com, Inc." Harvard Business School Case. Harvard Business School Publishing. Case: 9-201-037, Rev. March 24, 2003.
第 11 週	Discount Rates in Practice Brealey, Ch. 9 Case: HBR (2016) NEW TECHNOLOGIES TRANSFORMING THE FINANCE FUNCTION, A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT.
第 12 週	Raising Capital Brealey, Ch. 14-15 Case: Mitchell, Mark. Cost of Capital at Ameritrade. Boston, MA: Harvard Business School, 2001. Case No. 9-201-046.
第 13 週	Mid-term.
第 14 週	Capital Structure: Debt/Equity, MM Theorem, Leverage and Risk. Fallacies Brealey, Ch. 17 Case: Baldwin, Carliss Y., Scott P. Mason, and Jennifer H. Hughes. Massey-Ferguson Ltd. - 1980. Boston, MA: Harvard Business School, 1990. Case No. 9-282-043.
第 15 週	Market Efficiency Brealey, Ch. 13 Case: Ball, R. The Theory of Stock Market Efficiency: Accomplishments and Limitations. Journal of Applied Corporate Finance 8, 1995, pp. 4-17.
第 16 週	Merger Brealey, Ch. 31-33 Cases: Mansour, Nick, and H. Irving Grousbeck. "Grand Junction." Graduate School of Business, Stanford University. Case: S-SB-186, September 5, 1997.
第 17 週	Final Project Presentation
第 18 週	Final Paper due

教科書

Brealey, Richard, Stewart Myers and Franklin Allen (2016) Principles of Corporate Finance,Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate, 12th Edition.

Office Hours

地點: B302-2
時間: Wednesday 1-2pm or by appointment
聯絡方式: Email: Diana@nctu.edu.tw Phone: 23812386 x57631 T.A.: simon82516@gmail.com