Corporate Finance in Indian Institute of Technology, Kharagpur
The aim of this course is to equip the learners to understand, appreciate, and employ the corporate finance concepts and applications in the context of managerial decision making. The course participants should be, at the end of the course, able to understand the decisions related to capital budgeting, capital structure, management of working capital, and dividend policy, by way of learning tools and techniques to solve advanced numerical problems of real business situations efficiently. The course shall have four distinct modules, namely investment decisions, financing decisions, working capital management decisions, and payout decisions. Investment decisions aim to help understand the valuation of financial securities, and the role of risk-return relationship in making the capital budgeting decisions. Financing decisions help in determining the right source of capital while keeping shareholders’ interests a priority. Working capital management decisions focus on optimal management of inventory, debtors and receivables, and payables. Finally, payout decisions are related to the issues pertaining to paying dividends or keeping the profits within the business. We shall also consider some other relevant issues as part of our discussion with respect to financial decision making process.INTENDED AUDIENCE : Undergraduate and postgraduate-level students with interest in business management and/or finance in terms of academic specialization (e.g., minor/major in finance/financial engineering/management) or career choices (e.g., BFSI industry, stock market investments, FinTech, etc.)PREREQUISITES : UG-level courses in Economics (Microeconomics and Macroeconomics) and Basic Statistics Financial Accounting and Financial Institutions and MarketsINDUSTRY SUPPORT : Banking and Financial Services Industry (banks, financial analysis and advisory firms, equity and investment research companies)
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