HADM 7723: Corporate Finance
MMH Requirement - 3 credit hours - Letter grade only
Offered Summer only
This course is not offered this semester - Spring 10
Limited to Hotel students.
This course builds on the prerequisite courses of financial accounting and financial reporting. Topics include: applications of discounting techniques; evaluation of capital expenditures; estimation of cost of capital; bond and stock valuation; portfolio theory; asset-pricing models; and capital-structure decisions. The course emphasizes valuation skills as a means to bring together the cost of capital, financing, and operating issues faced by a firm. Students come to understand the financial impact of managerial decisions; know how to differentiate decisions that increase the value of a firm; and know how to properly evaluate investment, financing, and payout decisions. They also learn standard techniques of financial analysis, such as discounted cash-flow valuation, capital budgeting, risk analysis, and estimation of the cost of debt and equity.