Applied Corporate Finance

Teachers

Included in study programs

Teaching results

Upon successful completion of this course, doctoral students should well comprehend the concepts, tools and techniques used in corporate practice. The study builds on the quantitative knowledge of previous graduate studies and is complemented by new, more complex concepts that focus on practical application and on the issues that managers face in their day-to-day business finance practice. The aim of the course is to prepare doctoral students not only in terms of knowledge and their practical application, but especially to be prepared for the management of business finances in relation to strategic financial decisions.
I. Knowledge base and understanding
After completing this course, doctoral students should be prepared:
• to understand in depth the concepts and tools of short-term and long-term financing, its nature, specific features and their application in business practice.
• analyze the company's financial statements in relation to the financial planning and budgeting of business entities,
• make effective financial decisions based on a thorough assessment of the financial situation, financing options, capital costs in the short and long term,
• design, plan and implement an effective financial strategy of the company and propose other appropriate policies that lead to its implementation.
II. Skills and competence
After completing the course, doctoral students will expand their knowledge in the following areas:
• analyze and implement the company's financial and investment strategy
• design company policies in the areas of strategy, risk management, especially financial risks, financing and investments
• solve case studies in the field of business finance management

Indicative content

• Financial statements and their analysis. Shareholders´ report. Financial and market ratios (case studies).
• Financial planning. Cash budgeting (case studies).
• •. Practical approaches to measuring credit, market, operational risk. Practical basis of financial risk measurement models.
• Techniques of capital planning and decision-making process on the capital structure and assets and financial stability of business entities (case studies).
• Cost of capital in the long run. Investment decision making and long-term planning. Marginal costs of preferred shares, ordinary shares and debt securities.
• Capital structure of the business entity and the theory and practice of dividend policy (case studies). Short-term financial decision-making. Short - term loans. Hybrid financing. Financial derivatives, their structure and application.
• Mergers and joint ventures. Leverage buyout, reorganization, restructuring, liquidation and bankruptcy (case studies).

Support literature

• Gitman L.J, a kol., 2014, Principles of Managerial Finance, Pearson. 14th edition
• Farkaš, R.: 2020. Účtovná závierka obchodných spoločností. Wolters Kluwer. 2020. ISBN 978-80-571-0247-2.
• Čaplánová, A., Hloušková J., Sivák R., Tsigaris, P., 2017, A Behavioral portfolio approach to multiple job holdings, Review of Economics of the Household, Vol.15 (2), pp. 669-689.
• Hloušková J., Mikócziová, J., Sivák R., 2014, Capital Income Taxation and Risk-Taking under Prospect Theory: The Continuous Distribution Case, Czech journal of economics and finance, Vol.64 (5) pp. 374-391.
• ČAPLÁNOVÁ, Anetta - SIVÁK, Rudolf - HUDSON, John. Vplyv priamych zahraničných investícií na inovačnú činnosť firiem. [The impact of foreign direct investment on firms' innovation activities]. In Politická ekonomie, ISSN 0032-3233, 2012, roč. 60, č. 6, s. 764-779.
• BELANOVÁ, Katarína - GERTLER, Ľubomíra - SIVÁK, Rudolf. “Too Much Debt Will Kill You”: Although Not in Central Europe, Yet. In Ekonomický časopis, ISSN 0013-3035, 2020, roč. 68, č. 10, s. 981-1001.

Requirements to complete the course

100% final exam.

Student workload

1 credit = 26 hours, i.e. total student load = 8 credits * 26 hours
Student workload: 208 hours
consultations – 30 hours, studies and preparation – 100 hours, preparation final exam – 78 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 06.02.2023

Date of the latest change: 11.01.2022