Information Package / Course Catalogue
Corporate Finance
Course Code: BFN567
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of this course "Corporate Finance and Finance Theory" is to explain the concepts of corporate finance and basics of finance theory. This course will provide an extensive information to the student about the impact of investment, finance decisions to the future of the company. With the help of real case studies and examples, the student will learn how these decisions are taken,the decision-taking process in the companies, the advantages and disadvantages of these decisions in different market conditions. The student will have an extensive knowledge in valuation, cost of capital, opportunity costs, capital budgeting, dividend distribution policy, IPOs, SPOs, private equity funds and corporate bonds.

Course Content

Financial Aim of the company, partnership and shareholder structure of companies and the impact of financial decisionsFinancial Aim of the company, partnership and shareholder structure of companies and the impact of financial decisions Time Value of Money, Valuation of ProjectsTime Value of Money, Valuation of Projects Financial Ratios, Equity Valuation MethodsFinancial Ratios, Equity Valuation Methods Financial Ratios, Equity Valuation MethodsFinancial Ratios, Equity Valuation Methods Risk, Profitability and Opportunity Cost of CapitalRisk, Profitability and Opportunity Cost of Capital Risk, Profitability and Capital BudgetingRisk, Profitability and Capital Budgeting Weighted Average Cost of Capital (WACC) and Capital Structuring Decisions, Debt vs. EquityWeighted Average Cost of Capital (WACC) and Capital Structuring Decisions, Debt vs. Equity Analysis of ISE Equity Market, valuations of companies in Istanbul Stock Exchange (ISE)Analysis of ISE Equity Market, valuations of companies in Istanbul Stock Exchange (ISE) Dividend distribution policies, Analysis of dividend policies of ISE companiesDividend distribution policies, Analysis of dividend policies of ISE companies IPOs, dynamics, examples from Turkey and worlIPOs, dynamics, examples from Turkey and worl M&A market in Turkey and in the world, how the financial needs of the companies are maintained, Private Equity FundsM&A market in Turkey and in the world, how the financial needs of the companies are maintained, Private Equity Funds Capital structuring ways of companies, short and long term planningCapital structuring ways of companies, short and long term planning Bond markets, valuation of government and corporate bondsBond markets, valuation of government and corporate bonds Corporate Bonds, global and local examplesCorporate Bonds, global and local examples

Name of Lecturer(s)
Learning Outcomes
1.Understands the dynamics of mergers and acquisitions with real examples from Turkey and world, analyses private equity funds
2.Analyses financial needs of companies, IPOs, SPOs, corporate restructurings, corporate bond launches etc.
3.Analyses dividend payment strategies and the impact of short/long-term finance/investment decisions on companies
4.Analyses cost of capital and opportunity costs
5.Understands financial ratios and equity valuation methods
Recommended or Required Reading
1.Av. Dr. İsmail G. Esin- Av.S. Tunç Lokmanhekim- Mergers and Acquisitions in Practice
Weekly Detailed Course Contents
Week 1 - Theoretical
Financial Aim of the company, partnership and shareholder structure of companies and the impact of financial decisions
Week 2 - Theoretical
Time Value of Money, Valuation of Projects
Week 3 - Theoretical
Financial Ratios, Equity Valuation Methods
Week 4 - Theoretical
Financial Ratios, Equity Valuation Methods
Week 5 - Theoretical
Risk, Profitability and Opportunity Cost of Capital
Week 6 - Theoretical
Risk, Profitability and Capital Budgeting
Week 7 - Theoretical
Weighted Average Cost of Capital (WACC) and Capital Structuring Decisions, Debt vs. Equity
Week 8 - Intermediate Exam
Midterm Exam
Week 9 - Theoretical
Analysis of ISE Equity Market, valuations of companies in Istanbul Stock Exchange (ISE)
Week 10 - Theoretical
Dividend distribution policies, Analysis of dividend policies of ISE companies
Week 11 - Theoretical
IPOs, dynamics, examples from Turkey and world
Week 12 - Theoretical
M&A market in Turkey and in the world, how the financial needs of the companies are maintained, Private Equity Funds
Week 13 - Theoretical
Capital structuring ways of companies, short and long term planning
Week 14 - Theoretical
Bond markets, valuation of government and corporate bonds
Week 15 - Theoretical
Corporate Bonds, global and local examples
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work72228
Midterm Examination110111
Final Examination115116
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
OÇ-1
4
4
4
4
4
3
3
3
3
OÇ-2
5
3
3
5
4
4
4
5
5
OÇ-3
3
5
5
4
4
5
5
5
4
OÇ-4
4
4
4
2
5
3
5
2
2
OÇ-5
4
4
4
5
2
5
3
2
2
Adnan Menderes University - Information Package / Course Catalogue