|
課程名稱 |
財務管理
Financial Management |
|
開課學期 |
107-1 |
|
授課對象 |
商學研究所 |
|
授課教師 |
胡星陽 |
|
課號 |
Fin7023 |
|
課程識別碼 |
723 M3300 |
|
班次 |
02 |
|
學分 |
3.0 |
|
全/半年 |
半年 |
|
必/選修 |
必修 |
|
上課時間 |
星期四2,3,4(9:10~12:10) |
|
上課地點 |
管二303 |
|
備註 |
本課程中文授課,使用英文教科書。大學修過財務管理者。
限本系所學生(含輔系、雙修生) 且 限碩士班以上
總人數上限：50人 |
|
課程網頁 |
https://ceiba.ntu.edu.tw/1021_fm |
|
課程簡介影片 |
|
|
核心能力關聯 |
本課程尚未建立核心能力關連 |
|
課程大綱
|
|
為確保您我的權利,請尊重智慧財產權及不得非法影印
|
|
課程概述 |
This course is designed to provide a framework for understanding the theories and practices of financial management. |
|
課程目標 |
The emphasis will be on applying fundamental financial problem solving techniques toward achieving solutions to basic, real world, practical situations. The focus of this class will be on discussing firm’s investment, financing, and dividend policies, along with subjects related to corporate valuation. |
|
課程要求 |
The case report and term paper are group-based. Each group has three to four members. Please post your group members on CEIBA 討論看板 by 9/27.
You have to identify your quotes and to reference your data sources in your powerpoint file or written report. You should consult relevant books for the details. Using others’ words without identifying is plagiarism and you will fail the course. |
|
預期每週課後學習時數 |
|
|
Office Hours |
|
|
指定閱讀 |
You are expected to understand the basics of Financial Management. One textbook you can use to review is: Stephen Ross, Randolph Westerfield, and Bradford Jordan, 2016, Fundamentals of Corporate Finance, 11/e, McGraw-Hill International Enterprises LLC., Taiwan. (華泰 Hwa Tai Publishing) |
|
參考書目 |
There is no textbook. Papers will be assigned. |
|
評量方式
(僅供參考) |
|
No. |
項目 |
百分比 |
說明 |
|
1. |
class participation |
15% |
Participation includes class participation and online participation. You are encouraged to share and discuss news reports or articles in the class and on the CEIBA討論看板. |
2. |
case discussion |
25% |
There are four cases: three HBS cases (extra fees required) and one self-prepared case. For each case, there will be questions provided beforehand. Each group has to write a maximum two-page text and submit it at the assignment area of the CEIBA website by the night before the case discussion. |
3. |
term paper |
25% |
For the topic of the term paper, each group can choose its own as long as it is related to this class. There will be a class presentation and a written report. |
4. |
exam |
35% |
|
|
|
週次 |
日期 |
單元主題 |
|
第1週 |
9/13 |
Introduction |
|
第2週 |
9/20 |
Investment Decision – Real Options
Timothy A. Luehrman, “Investment Opportunities as Real Options: Getting Started on the numbers”, Harvard Business Review, July-August 1998, pp.51-67
McDonald, Robert L., 2006, The Role of Real Options in Capital Budgeting: Theory and Practice1, Journal of Applied Corporate Finance 18:2, 28-39. |
|
第3週 |
9/27 |
Investment and Valuation
Mauboussin, M. J. and Callahan, D., 2014, Capital Allocation: Evidence, Analytical Methods, and Assessment Guidance. Journal of Applied Corporate Finance, 26: 48–74.
*Franck Bancel, and Usha R. Mittoo, 2014, The Gap between the Theory and Practice of Corporate Valuation: Survey of European Experts, Journal of Applied Corporate Finance 26:4
|
|
第4週 |
10/4 |
CASE (1) Real Options: Arundel Partners
Long-term Financial Planning
Capital Structure |
|
第5週 |
10/11 |
NO CLASS |
|
第6週 |
10/18 |
Capital Structure
*van Binsbergen, J. H., Graham, J. R. and Yang, J. (2011), An Empirical Model of Optimal Capital Structure. Journal of Applied Corporate Finance, 23: 34–59.
|
|
第7週 |
10/25 |
CASE (2) Financial Planning: Butler Lumber
Internet Financing
Agrawal, Ajay, Christian Catalini, and Avi Goldfarb, 2014, Some Simple Economics of Crowdfunding, in Innovation Policy and the Economy, Volume 14, ed. by Josh Lerner and Scott Stern, University of Chicago Press
Morse, A., 2015. Peer-to-Peer Crowdfunding: Information and the Potential for Disruption in Consumer Lending. Annual Review of Financial Economics, 7, pp.463-482. |
|
第8週 |
11/1 |
Payout Policy
*Becker, Bo, Zoran Ivković, And Scott Weisbenner, 2011, Local Dividend Clienteles, Journal of Finance 66:2, 655-683. |
|
第9週 |
11/8 |
CASE (3) Capital Structure – Debt Policy at UST Inc
Risk Management |
|
第10週 |
11/15 |
校慶(停課一天) |
|
第11週 |
11/22 |
Risk Management
*Stulz, René, 2013, How Companies Can Use Hedging to Create Shareholder Value, Journal of Applied Corporate Finance 25:4, 21-29 |
|
第12週 |
11/29 |
EXAM |
|
第13週 |
12/6 |
Financing Innovation
* Kerr, William R. and Ramana Nanda, 2015, Financing Innovation, Annual Review of Financial Economics 7: 445–62 |
|
第14週 |
12/13 |
CASE (4) Crowdfunding |
|
第15週 |
12/20 |
Going public |
|
第16週 |
12/27 |
Going public |
|
第17週 |
1/3 |
Group Presentation |
|