Advanced Financial Management

3 units

A comprehensive, advanced study of corporate financial management. Focuses on the internal decisions of a corporation, the valuation of a firm in the capital market, and the relationship between the two. Topics include capital budgeting systems, project and firm valuation, capital structure decisions, debt policy, payout policy, raising capital, and how a variety of market frictions, such as taxes, financial distress costs, asymmetric information, and agency conflicts, affect managers’ decisions.