FIN380.5 Corporate Finance (Tsinghua U)

Taught in English. Firms compete in Consumer & Business Markets to sell their products and services, and they also compete in Capital Markets for the resources required to operate their business. Investors provide the capital (resources) to companies with the expectation that they will earn a competitive return on their capital and compensate them for risk. A consumer or business manager is continuously faced with financial choices and meeting the demands of both of these arenas of competition.

For the consumer these choices include, among others, financing a purchase, saving for retirement and evaluating investment products. For a business manager, the choices include deciding which projects to pursue and alternative approaches to provide funds for these projects. Finance is the study of a framework that can be used to evaluate these choices consistent with the necessity of competing for investor capital. Regardless of your ultimate career, a solid understanding of the fundamentals of finance will serve you well. 

The course will provide an analytical framework that can be consistently applied to evaluate financial decisions. By the end of this course you should be able to:

  • Use discounted cash flow analysis to determine the value added of business decisions or the fair market value of investment securities.
  • Understand the basic types of financial instruments used by firms.
  • Understand the basic principles of no arbitrage, efficient markets, risk and return and capital structure.
  • Develop cash flow projections from accounting data.
  • Perform basic financial statement analysis.

(TU #30511053)

Class taught by Tsinghua University and may not be available every semester. Tsinghua’s exam schedule for this course may require students to stay beyond the regular Syracuse Beijing program end-date.

Registration restriction: Closed to SU Management School majors and minors.

Department: Finance

Location: Tsinghua

Credits: 3