Study programme 2018-2019Français
Corporate Finance
Programme component of Master's Degree in Management à la Warocqué School of Business and Economics
CodeTypeHead of UE Department’s
contact details
UW-M1-SCGEST-025-MOptional UEHELDENBERGH AnneW751 - Finance
  • LORENT Benjamin

of instruction
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Anglais
Anglais201000044.001st term

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
W-FINA-014Corporate Finance2010000Q1100.00%
Programme component

Objectives of Programme's Learning Outcomes

  • Mobilise expertise in at least one area of management.
    • Master the principal decision-making processes of a company.
  • In an active and integrated manner, master knowledge in the various fields of management and use them effectively in a professional context.
    • Integrate highly specialised knowledge in different fields of management.
  • Understand interactions between companies and their socio-economic environments.
    • Master and appropriately mobilise knowledge and methodological approaches to understand and explain interactions between companies and their environment.

Learning Outcomes of UE

At the conclusion of this teaching, the students will be able to understand the interactions of the investment's decisions and financing decisions in the creation of firm's value.

Content of UE

Financing decisions; risk; financing theories; capital stucture puzzle; dividend policy; dividend controversy ; effect of the notional interest deduction on cost of capital.

Prior Experience

Not applicable

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
  • Cours magistraux
  • Conférences
  • Travaux pratiques
  • Etudes de cas

Mode of delivery

AAMode of delivery
  • Face to face

Required Reading

AARequired Reading

Required Learning Resources/Tools

AARequired Learning Resources/Tools
W-FINA-014Not applicable

Recommended Reading

AARecommended Reading
W-FINA-014Copie de présentation - Partie 1 - Slides Parts 1 & 2 - Benjamin Lorent

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
W-FINA-014Not applicable

Other Recommended Reading

AAOther Recommended Reading
W-FINA-014Berk J. & DeMarzo P., (2017), Corporate Finance, 4th edition, Pearson. Brealey R.A., Myers S.C. & Allen F., (2016), Principles of Corporate Finance, 12th edition, Mc Graw Hill. Myers S. C. (1984), « The Capital Structure Puzzle », Journal of Finance, 39, pp. 575-592. Modigliani F. & Miller M. (1958), « The cost of capital, corporation finance and the theory of investment », American Economic Review, 58, (3), pp. 261 297. Modigliani F. & Miller M. (1963), « Corporate income taxes and the cost of capital : a correction », American Economic Review, 53, (3), pp. 433 443. Ross S., R. Westerfield, J. Jaffe & B. Jordan (2016), Corporate Finance, 11th edition, Mc Graw Hill.

Grade Deferrals of AAs from one year to the next

AAGrade Deferrals of AAs from one year to the next
(*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term
Date de génération : 02/05/2019
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111