Company Valuation and Risk Management (5 cr)

Objectives (course unit)

The course familiarizes students with functions of capital markets, company valuation and risk management.

After completing the course the students
- can calculate the value of a bond
- can calculate the costs of liabilities and equity
- are able to determine the value of a company
- are able to use derivative instruments
- manage the currency exposure.

Content (course unit)

How to calculate the cost of liabilities and equity for a company?
How to evaluate the company value?
What are derivative instruments?
How can the company protect itself from the currency risk exposure?

Assessment criteria, satisfactory (1-2) (course unit)

The student knows the link between the required rate of return and value of a bond. They know how to calculate the cost of capital. The student knows company value calculation methods and is able to evaluate company value. They knows what kinds of derivatives exist and what are they used for.

Assessment criteria, good (3-4) (course unit)

The student is able to calculate the value of a bond. They are able to calculate the average cost of capital. The student able to use one of the company value calculation methods to evaluate the company value. They know the tools and methods to manage risks. The student knows derivative strategies and how derivatives are used.

Assessment criteria, excellent (5) (course unit)

The student is able to calculate the value of a bond by using various rates of return. They are able to calculate the average cost of capital. The student can determine the value of the company by using various calculation methods. They know the tools and methods to manage risks and are able to manage the risks with various derivative strategies.

Evaluation methods and criteria

Tentti

Assessment scale

0-5

Teaching methods

Luennot ja harjoitukset

Learning materials

Niskanen & Niskanen: Yritysrahoitus. Edita. Uusin painos
Tunneilla ja Moodlessa jaettava materiaali

Student workload

5 op x 27 h

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Opiskelija ei osaa kurssilla vaadittavia asioita

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Opiskeija täyttää kurssivaatimukset välttävästi

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Oopiskelija osaa kurssin asiat hyvin ja pystyy itsenisesti laskemaan yrityksen arvon ja
tietää perusteet teknisestä osakeanalyysistä ja riskienhallinnasta.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Opiskeija osaa kiitettävästi selvittää yhtiön arvon ja tietää miten rahoitusriskeiltä voi suojautua.