- Course Code
- MAN611
- Semester
- First Term (Fall)
- Theory+Practice
- 3 + 0
- ECTS
- 10
| Course Type | Compulsory Course |
|---|
| Course Level | Doctorate Of Science |
|---|
| Year of Study | 1 |
|---|
| Semester | First Term (Fall) |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Estimate the cost of capital for the whole firm, individual divisions as well as the specific projects with advanced techniques such as the marginal cost of capital (MCC) schedule.
- Solve capital budgeting problems by risk-adjusted discount rate approach and certainty equivalent approach.
- Explain and evaluate the Modigliani and Miller (MM) capital structure model (with and without taxes) and the Miller model.
- Describe the impact of financial distress, agency costs and asymmetric information on capital structure.
- Explain dividend theories such as the residual theory of dividends and the Miller and Modigliani's irrelevance argument.
- Identify other factors that influence dividend policy.
- Learn the difference between Short-Term and Long-Term Financial Planning.
- Capital Structure Decisions.
- Lease Financing and Hybrid Financing.
- Mergers, LBOs working capital management, Divestitures, and Holding Companies
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | The development of corporate financial theory will be taken into account. As the fundamental issues of finance theory, efficient market hypothesis, portfolio theory, capital asset pricing model, option pricing theory, agency theory will be be primarily examined. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction; Overview of Financial Management, Financial Statements, Cash Flow, and Taxes |
|
2nd Week |
Analysis of Financial Statements, The Financial Environment |
|
3rd Week |
Risk and Return: The Basics, Time Value of Money |
|
4th Week |
Bonds and Their Valuation |
|
5th Week |
Stocks and Their Valuation |
|
6th Week |
The Cost of Capital, The Basics of Capital Budgeting |
|
7th Week |
Cash Flow Estimation and Other Topics in Capital Budgeting, Risk Analysis and Real Options, Long-Term Financial Planning, Capital Structure Decisions:The Basics |
|
8th Week |
Midterm |
|
9th Week |
Distributions to Shareholders: Dividends and Repurchases, Issuing Securities, Refunding Operations, and Other Topics |
|
10th Week |
Lease Financing, Hybrid Financing |
|
11th Week |
Current Asset Management, Short-Term Financing |
|
12th Week |
Derivatives and Risk Management, Bankruptcy, Reorganization, and Liquidation |
|
13th Week |
Mergers, LBOs |
|
14th Week |
Divestitures, and Holding Companies |
|
15th Week |
General Assessment |
|
| Recommended or Required Reading | Financial Management; Theory and Practice, Brigham, Gapenski and Ehrhardt, Dryden Press |
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
50 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
3 |
3 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
1 |
30 |
30 |
| Preparation for Final exam |
1 |
60 |
60 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
50 |
50 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
5 |
5 |
| Homework |
6 |
20 |
120 |
| Total Work Load | 310 |
| Total Work Load / 30 (h) | 10.33 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
Programme Qualifications / Learning Outcomes
|
LO1 |
LO2 |
LO3 |
LO4 |
LO5 |
LO6 |
LO7 |
LO8 |
LO9 |
LO10 |
| K1 |
|
|
|
|
|
|
|
|
|
|
| K2 |
|
|
|
|
|
|
|
|
|
|
| K3 |
|
|
|
|
|
|
|
|
|
|
| K4 |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
| K5 |
|
|
|
|
|
|
|
|
|
|
| K6 |
|
|
|
|
|
|
|
|
|
|
| K7 |
|
|
|
|
|
|
|
|
|
|
| K8 |
|
|
|
|
|
|
|
|
|
|
| K9 |
|
|
|
|
|
|
|
|
|
|
| K10 |
|
|
|
|
|
|
|
|
|
|
| K11 |
|
|
|
|
|
|
|
|
|
|
