Syllabus and Course Description
Fall/Spring Semester of the Academic Year of Fall, 2010
Department/
Institute of Business
Course Title：(Chinese) 財務管理
Institute
and Management
Permanent Course
(English) Financial Management
IBM 6014
ID
Instructor: Fen-may Liou
Year of Students
(for undergraduate
courses)
Required competence or courses that must be previously taken by students: None
Credits
Required/
Elective
3
Course Descriptions and Objectives:
The objective of this course is to give students the capacity to understand the theory and apply the techniques
that have been developed in corporate finance. The course touches on all areas of finance, including the
business objective and the agent problem, financial statement analysis, the trade-off between risk and expected
return, the project worth, the financing decision, and the dividend policy. All these things fitting together leads
to final firm valuation. The course also draws Harvard case studies to guide managerial decisions.
Textbooks
(please specify
titles, authors,
publishers and
year of
publication)
Damodaran, Aswath 2006. Applied Corporate Finance: A User's Manual, 2nd ed., John
Wiley & Sons, Inc. http://pages.stern.nyu.edu/~adamodar/
Brealey, Richard A., Stewart C. Myers and Franklin Allen 2008. Principles of
Corporate Finance, 9th ed., 2008, McGraw-Hill.
Course Contents
Topics
Outlines
1.Objective of financial
management and agent
I. Introduction
problems
2. Corporate governance
around the world
Hours
DemonLectures
stration
1. Ratio analysis and
competitive advantage
of the firm
2. Financial planning
12
III. Risk and
Return
CAPM and other risk and
return models
9
1. Capital structure:
Theory, models and
applications
2. Payout policy
Remarks
6
II. Financial
Statement
Analysis
IV. Financing
and Payout
Policy
Experiment
Othe
rsi
Harvard Case:
Enron Selling
Recommendati
on
Harvard Case:
Refinancing of
Shanghai GM
(A)
15
Linear
Technology:
Dividend
Policy
Harvard Case:
V. Valuation
1. Time value of money
2. Project worth
3. Firm valuation
Seagram
Greater China
Office
Relocation in
HK
12
Valuation:
Spyder Active
Sports
Description of Course Details:
1. Homework and Assignments: Group work: Term paper; Harvard cases
2. Exams and Quizzes:
Evaluation and Grading Policy: Term paper 40%; Harvard case presentation 30%, discussions 15%
3. Class participation: 15%
4. Pedagogy and other supplementary information (websites, TAs, handouts and/or databases):
Time Slot
Location
Contact Information
Office Hours
NCTU Taipei Campus, Email mayliou@mail.ypu.edu.tw
4F, Teacher’s Lounge msn: mayliou@so-net.net.tw
subject to reservation
Syllabus
Week
Contents/Topic
Date
1
Course Introduction and Term Paper requirements
2
Objective in corporate finance and agent problems
3
Corporate governance in the world
Ratio analysis and competitive advantage
4
Time value of money, Investment valuation: decision criteria
5
Investment valuation: case illustration
6
Harvard case 1: Enron: Sell Recommendations
7
CAPM and other risk and return models
8
From cost of equity/debt to cost of capital
9
Harvard case 2- Seagram Greater China Office Relocation in HK
10
Financing mix: Theory, models and applications
11
Financing mix: Moving to optimal financial structure
(Term paper first part due)
12
Payout policy
13
Harvard case 3- Refinancing of Shanghai GM (A)
14
Firm valuation
15
Harvard case 4: Linear Technology: Dividend Policy
16
Harvard case 5: Spyder Active Sports 2004
17
Knowing Wall Street
(Term paper due)
18
Wrap-up
Remarks：
1、Inclusive of visiting institutes/organizations outside the NCTU or other academic events.
2、Please adhere to pertinent regulations/laws on intellectual property rights. Do not use pirated
textbooks.
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