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”請遵守智慧財產權觀念並不得非法影印”
9701 金融所碩士班
Fu Jen Catholic University
2008- 2009
Department / Code
Graduate Institute of Finance / 7561
Course Code
01983
Course Name
(課程名稱)
Course Objectives
(課程目標)
Prerequisites
Financial Management
Credit
F
S
(學分數)
3
0
How to be an executive financial manager? (CFO)
This course provides advanced treatment of corporate finance for graduate level finance
majors. The primary objective of the course is to enhance student's understanding on
the theory and application of corporate financial decisions. These decisions include
choosing between competing investment opportunities, raising money on the financial
markets and the issue of capital structure, how to manage operating cash flows with
advanced financial arrangements, how to mange risk and return, what dividend policy to be
made, and etc. Therefore, the topics included are capital budgeting, capital structure,
working capital management, and dividend policy. To make these financial decisions, a
student should be thoroughly equipped with concepts of finance theory and analysis skills
such as pricing and valuation theory, option theory, term structure of interest rate theory,
etc. Of course, computer programming and analysis technique are also required in the
class.
1.
Learn to be an Executive Financial Manager? (CFO)
2.
Understanding What Are Financial Problems
3.
Ability to Solve Financial Problems
4.
Creativity (IQ)
5.
Emotional Quality(EQ)
Financial Management in University Level
Financial Theory and Corporate Policy - Copeland, Weston, and Shastri, 4th ed,新陸
Course Materials
(課程教材)
Reference
(參考書目)
Evaluation
Homework assignments and problems
Literature Reviews of students’ research interests
Principals of Corporate Finance, Brealey Myers
Corporate Finance, 6th ed. Ross, Westerfield, Jaffe
MIT Open Course Ware / Sloan School of Management
a. Finance Theory II, spring 2003, Dirk Jenter & K. Lewellen
b. Financial Management, summer 2003, Jonathan Lewellen
(http://ocw.mit.edu/OcwWeb/Sloan-School-of-Management/index.htm
期中考(筆試)(Midterm Test)
20%
 專題發表(Literature Review & Presentation)
20%
期末考(筆試)(Final Test)
30%
 作業分析(Homework Assignment & Report)
20%
 課堂參與(Class Participation)
10%
(評量方式)
Pedagogical Methods
(教學方法)
講授(Lecture)
讀書會(Study Group & Team Work)
電子教學(e-Learning, Power Point, EXCEL)
論文發表討論 (Presentation on Research Thesis)
角色扮演實境教學(Role Playing & Case Study)
對話教學法(Dialogue & Discussion Teaching)
Course Web
(課程網頁)
Questions, Answers, and Consulting through E-Mail & Appointment Meeting
Week
Course Outline
Date
1
9/19
2
9/26
3
10/03
4
10/10
5
10/17
6
10/24
7
10/31
8
11/07
9
11/14
10
11/21
11
11/28
12
12/05
13
12/12
14
12/19
15
12/26
16
01/02
17
01/09
18
01/16
(課程大綱進度)
Topic
Introduction to Class & Financial Management:
Cash Flows, Principal of Valuation, & Financial Markets
HWA1: Valuation Methods and Models?
Preview Chapter 13.
Ch. 13: The Role of the CFO, Performance Measurement, and
Incentive Design
Preview Chapter 14.
Ch. 14: Valuation and Tax Policy
Cost, Market, and Earning Approaches
HWA2: Cash Flow Estimations? (Equity, debt, Asset)
Preview Chapter 9
National Holiday
Ch. 9. Multi-period Capital Budgeting under Uncertainty: Real Options
Analysis
HWA3:Growth Rates Estimations? (perpetual vs n yr life)
Ch. 9 (Continued)
Preview Chapter 15
Ch. 15: Capital Structure and the Cost of Capital
HWA4: Costs of Capital Estimates (Equity, Debt, Asset)
Chapter 15 (Continued) : HWA discussion and Review
Mid-Term Examination 期中考 (Ch. 9, 13, 14, 15)
Preview Chapter 16
Ch. 16: Dividend Policy: Theory and Empirical Evidence
HWA5: Valuation Wrap-Ups (Equity, Debt, Asset, Stock)
Ch. 8. The Term Structure of Interest Rates, Forward Contracts, and
Futures
Ch. 8. (Continued)
HWA6: Risk Analysis – Sensitivity Study
Research Interest 1-3: Literature Review Presentations
Preview Chapter 17
Ch. 17: Applied Issues in Corporate Finance
Research Interest 4-6: Literature Review Presentations
Ch 17 (continued)
Research Interest 7-9: Literature Review Presentations
Preview Chapter 18
Ch. 18: Acquisitions, Divestitures, Restructuring, and Corporate
Governance
Research Interest 9-12: Literature Review Presentations
Preview Chapter 19
Ch. 19: International Financial Management (Optional)
Research Interest 13-15: Literature Review Presentations
Preview Chapter 20
Ch. 20: Unsolved Issues, Undiscovered Territory, Future of Finance
(Optional)
Research Interest 16-20: Literature Review Presentations
Final Examination 期末考 (Valuation & Ch. 8, 16-19)
Contribution to
全人教育
做中學
Mission
(Holistic Education)
(Learning by doing)
(本課程與管理學院
人本價值
整合資源
創新知識
國際視野
使命之關係)
(Human-centric values)
(Resource integration)
(Innovative knowledge)
(International view)
Contribution to
learning goals：
management college
(本課程能達成開課
單位的哪些目標-院)
掌握投入之專業知識內涵並能建立起一套學習及研究的方法。
Each student should be able to recognize the appropriate methods and procedures of research pertaining to
their area of specialization. This learning goal is met through the completion of their thesis projects.
能整合理論與實務，提升各種組織之績效。
Each student should be able to integrate theory and practical applications to increase the productivity of
organizations. This learning goal is met through the course embedded exams.
拓展國際視野與觀點，提升其國際化能力。
Each student should be able to expand their global perspectives to adapt to internationalization. This learning
goal is met through the course embedded exams.
善用現代資訊科技於資源之統整與應用。
Each student should be able to capitalize on modern information technology in the integration and use of
resources. This learning goal is met through the course embedded exams.
建立正確的專業倫理與人本價值觀念並應用於專業的決策中。
Each student should be able to recognize professional ethics and human-centric values, and be able to apply
them in professional decision-making. This learning goal is met through the course embedded exams.
完備財務金融理論之訓練及提升對金融市場與商品之了解。
Contribution to
learning goals:
Graduate Institute of
Finance
(本課程能達成開課
單位的哪些目標-所)
Instructor
(老師資料)
Each student should be able to possess comprehensive financial theories and
understand the financial market and its products. This learning goal is met through the course embedded exams.
提高對研究方法流程之熟稔度及各研究工具之操作能力。
Each student should be able to understand research methodologies and processes, and the ability to apply
research tools. This learning goal is met through the thesis writing.
培養理論與實務之整合能力。
Each student should be able to integrate theory and practice. This learning goal is met through projects.
激發關心時事及國際趨勢發展的習慣與態度。
Each student should be aware of current events and international development trends. This learning goal is met
through the case studies.
培育邏輯分析與金融問題解決的能力。
Each student should be able to possess abilities in analytical thinking and problem solving. This learning goal is
met through thesis writing.
Wei Pen Tsai
蔡偉澎
E-mail: wpt@mail.fju.edu.tw
Phone: 29053998
Office Hour: Wednesday, Thursday, Friday 15:30 -17:30pm
Room: SL424