Managerial Finance Course

This course deals with the principles of corporate finance. It will provide you with the language and the tools of finance and give you the capacity to understand the theory and apply, in real world situations, the techniques that have been developed in corporate finance. We discuss the three main principles that guide corporate managers in maximizing firm value: (1) the investment principle, (2) the financing principle, and (3) the dividend principle. The major topics of the course include the role of corporations and financial managers, time value of money, valuation, capital budgeting, hurdle rates, capital structure, and dividend policy. While focused on the corporate setting, this course will also help you to make better decisions in your own financial matters and it will familiarize you with how financial markets work.

Video Transcript

Welcome to managerial finance. My name is Milena Petrova, and I will be the lead professor in this course. A little bit about myself—I’ve been teaching corporate finance at the executive level since 2006. And since the same year, I have also been a faculty [member] at Syracuse University. I have taught at other schools, such as University of Amsterdam in the Netherlands and Bocconi University in Milan, Italy. My areas of teaching and research expertise are corporate finance, specifically corporate restructuring and corporate governance, and real estate finance, specifically commercial real estate pricing, real estate investment trusts, and real estate operations. I have presented my research at multiple leading international conferences, and I have published my research in multiple leading finance and real estate journals. Before taking an academic position, I worked in management consulting, and I worked there as a consultant in Booz Allen Hamilton. I have also had a position in project finance. I have trained and consulted for investment and real estate professionals in the U.S., Asia, the Middle East, Africa, and the Caribbean.

The purpose of this course is to introduce students to important concepts in finance and to extend their knowledge into how these concepts, tools, and methods could be used in order to make informed decisions in corporate finance. You will be exposed to fundamental theories in corporate finance. You will also learn how to apply these theories in practice, and finally, understand the challenges in applications and limitations of these different tools and concepts. The course will cover the following topics: objectives of financial management, time value of money, interest rates, risk-return tradeoff, valuation of real and financial assets, value-based management cost of capital, capital structure, and payout policy. The learning objectives of this course are to understand time value of money, tradeoff between the risk and return, and valuation of stocks and bonds. You will also understand the challenges of effective financial management and how it could be used to create value for shareholders. I hope you like this course, you enjoy it, you find it useful not only in learning the different concepts within financial management but also in the real world in applying it to investment decisions.