Graduate Corporate Finance

About

This course covers firms' financial decisions, as in most cases they are at least as important as the operational decisions, for the success of these firms.

The first part of the course focuses on evaluating projects and estimating value of firms using the DCF method, along with understanding the differences between economic (or incremental) value and accounting value.

In the second part we explore the discount rate, used in the evaluation of firms: how it is calculated and its link to firms' risk.

The third part deals with capital structure, the tension between equity and debt. Specifically, we learn about raising money, payout policy, bankruptcy, and agency problems such as under-investing and risk-shifting.

Course leader

Carsten Sørensen

Target group

This is a graduate level course. CBS Summer University courses at Copenhagen Business School is open to all and welcomes domestic and international students as well as professionals.

Fee info