Corporate Finance (MFIN 851)

2023 Fall
Sabancı Business School
Evrim Akdoğu,
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Doctoral, Master
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Fundamental issues of finance are taught in this course. The course starts with financial statements analysis, introducing students with balance sheets and income statements of corporations. Time value of money, Net Present Value (NPV) and Discounted Cash Flow (DCF) analysis follows. Using these techniques, we go onto valuation of stocks and bonds. Capital investment decisions are examined as well. Course ends with an introduction to the Capital Asset Pricing Model (CAPM), which is a neat depiction of the relation between risk and return. Also the course examines the analysis of capital structure of firms, which involves comparing the cost of debt and equity financing. Other topics include payout policy, options and futures, risk management, mergers and acquisitions and financial distress.


1. Develop the ability to use critical, analytical, and reflective thinking and reasoning 4

2. Reflect on social and ethical responsibilities in his/her professional life. 3

3. Gain experience and confidence in the dissemination of project/research outputs 3

4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments. 3

5. Communicate effectively by oral, written, graphical and technological means and have competency in English. 3

6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating. 3

1. Develop, interpret and use statistical analyses in decision making. 4

1. Demonstrate knowledge of financial theory as well as practice and to be able to display critical evaluation of the knowledge. 4

2. Comprehend the international financial markets, practices, and accounting standards. 4