Corporate Finance and Governance

Course Code :2110TEWFIN
Study domain:Finance
Academic year:2019-2020
Semester:1st semester
Contact hours:45
Study load (hours):168
Contract restrictions: Exam contract not possible
Language of instruction:English
Exam period:exam in the 1st semester
Lecturer(s)Marc Deloof

3. Course contents *

This course exposes students to the fundamental concepts of financial management and to new concepts and techniques in the field of corporate finance and corporate governance. These include the impact of taxes on capital structure, financial distress and company failure, dividend policy, including stock dividends, stock splits and stock repurchases, the costs and benefits of being listed, the pricing of initial public offerings, mergers and acquisitions, firm valuation, and so on.

As for corporate governance, the course focuses on the relationship between the managers and financiers of a company. Discussions will cover various corporate governance systems around the world; conflicts of interest between managers and shareholders, between creditors and shareholders and between minority and majority shareholders; the role of the board of directors, rewarding managers with stocks and stock options, and other corporate control mechanisms.