Corporate Finance is an introductory finance course that is required for all EMBA students. It is therefore designed to cover those areas of finance that are important to all managers whether they specialize in finance or not. At the end of the course you will be able to value a firm. In order to reach this goal we will cover the following topics along the way:
1. General framework for valuation (including, as special cases, valuation of stocks and bonds, and evaluation of investment opportunities)
2. The free cash flow method for firm valuation
3. Basic concepts of risk and return and identification of opportunity cost of capital
4. Choice of alternative sources of external funding for company operations
The course will consist of approximately one-half lecture and one-half in-class case discussions, for which students should prepare carefully. The aim of the course is to provide students with an understanding both of sound theoretical principles of finance and of the practical environment in which financial decisions are made.
S. Sloan Colt Professor of Banking and International Finance
Lawrence R. Glosten is the S. Sloan Colt Professor of Banking and International Finance at Columbia Business School. He is also co-director (with Merritt Fox and Ed Greene) of the Program in the Law and Economics of Capital Markets at Columbia Law School and Columbia Business School and is an adjunct faculty member at the Law School. He has been at Columbia since 1989, before...