Strategic Financial Management

Description

Students can make strategic and tactical decisions in the financial management of a firm, evaluating both long-term alternatives and short-term financing decisions, including financial restructurings, share issuances and share buybacks.  Students are able to make decisions about mergers & acquisitions and asset sales. Upon completion of the course, a student is able to: evaluate and suggest strategic and tactical merger & acquisition decisions that follow from the general firm strategy evaluate and propose a suitable investment strategy to benefit from the insights provided by the literature on M&As and restructuring understand the theory and empirical evidence of M&As and financial restructurings understand the importance of ownership structure and corporate governance in making strategic financial decisions understand how strategic financial decisions differ in family firms reflect on the role of sustainability in strategic financial decisions evaluate and propose a suitable divestiture strategy for a company taking into account both company characteristics and the general environment in which the company operates evaluate and interpret results of existing empirical event studies assess the financial and organizational consequences of financial restructuring strategies and evaluate their suitability given the characteristics of the firm and the general environment in which the company operates calculate the value of a firm, both listed and private, using different valuation methods evaluate the motives, the methods and the strategic and financial consequences of initial and seasonsed equity offerings distinguish between several motives for share repurchases and to evaluate the advantages, disadvantages and consequences of different repurchase methods identify the most important M&A theories interpret the empirical evidence of M&As evaluate M&A deals