Corporate Financing Decisions

Course Code
FIN 317
Hours
3 hours
Type
Elective
Offered
  • Fall 19
  • Fall 20
  • Winter 20
  • Winter 21
Prerequisites
FIN 300 or 302

Corporate Financing Decisions --- This course develops the conceptual foundation for making corporate financing decisions. Capital structure theory is explained in detail with an in-depth analysis of market imperfections such as taxes, cost of financial distress, agency and informational issues. The next portion of the course covers different securities used to raise external capital with an emphasis on the institutional aspects of acquiring capital (Initial public offerings, seasoned equity offerings, public debt, convertible debt, private equity & venture capital). The causes and effects of financial distress and the bankruptcy process are explained. Payout policy and different payout strategies (dividends versus stock repurchase) are discussed. The course ends with a brief discussion of risk management. Throughout the course, financial theory will be integrated with the use of specific case studies.

Taught By
Nadya Malenko
  • Associate Professor of Finance
Nadya Malenko's research interests are in the areas of corporate finance, corporate governance, and private equity. She has examined shareholder...