Description
Introduction to Corporate Finance examines how firms make financial decisions to maximize shareholder value in a world of risk, uncertainty, taxes, and market imperfections. The course focuses on how managers evaluate investment opportunities, choose between debt and equity financing, manage short-term liquidity, and decide how much cash to return to shareholders versus reinvesting for growth.
Students learn to apply time value of money, capital budgeting techniques, risk-return models, financial statement analysis, and valuation frameworks to real corporate decisions. Emphasis is placed on cash flows rather than accounting profits, risk-adjusted discount rates, and the linkage between operating performance, capital structure, and firm value.
By the end of the course, students can analyze financial data, assess project viability, estimate the cost of capital, and understand how financial markets price risk – developing the analytical foundation used by corporate managers, investment professionals, and financial analysts in the United States.
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