Students study the following broad questions. How should a firm decide whether to invest in a new project? How much debt and equity should a firm use to finance its activities? How should a firm pay its investors? How do taxes affect a firm’s investment and financing decisions? What determines the value of a firm? After studying this course, students will have the capabilities to answer those questions and issue valuation reports for a company.
1.Introduction
1.1 What is the Corporate Finance?
1.2 What is the goal of a corporation?
2. Introduction of Investment Decisions
2.1 Time Value of Money
2.2 The Application of Time Value of Money
3.Methods of Investment Decisions
3.1 Investment Criteria
3.2 Some Special Cases
Quiz 3
4. Applications of Investment Decisions
4.1 Identifying and Estimating a Project's Cash Flows
4.2 Estimating the Cost of Capital
Quiz 4
5.Theory of Financing Decisions I
5.1 The Introduction of Capital Structure Problems
5.2 Modigliani-Miller Theorem Without Taxes
5.3 Modigliani-Miller Theorem With Taxes
Quiz 5
6.Theory of Financing Decisions II
6.1 Financial Distress and the Trade-off Theory
6.2 Agency Problems and the Trade-off Theory
6.3 Information Asymmetry and the Pecking Order Theory
Quiz 6
7.Capital Budgeting and Valuation with Leverage
7.1 The Weighted Average Cost of Capital Method (WACC)
7.2 The Adjusted Present Value Method (APV)
7.3 The Flow-to-Equity Method (FTE)
7.4 Summary
Quiz 7
8.Allocation Decisions
8.1 Allocation Decisions in a Perfect Market
8.2 Allocation Decisions in an Imperfect Market
Quiz 8
The students may have or may not have knowledge of basic principles of accounting.
为积极响应国家低碳环保政策， 2021年秋季学期开始，中国大学MOOC平台将取消纸质版的认证证书，仅提供电子版的认证证书服务，证书申请方式和流程不变。
电子版认证证书支持查询验证，可通过扫描证书上的二维码进行有效性查询，或者访问 https://www.icourse163.org/verify，通过证书编号进行查询。学生可在“个人中心-证书-查看证书”页面自行下载、打印电子版认证证书。
完成课程教学内容学习和考核，成绩达到课程考核标准的学生（每门课程的考核标准不同，详见课程内的评分标准），具备申请认证证书资格，可在证书申请开放期间（以申请页面显示的时间为准），完成在线付费申请。
认证证书申请注意事项：
1. 根据国家相关法律法规要求，认证证书申请时要求进行实名认证，请保证所提交的实名认证信息真实完整有效。
2. 完成实名认证并支付后，系统将自动生成并发送电子版认证证书。电子版认证证书生成后不支持退费。
教材：
许志 周玮 《公司金融学》高等教育出版社，2025
参考资料：
1. Corporate Finance: the Core, Johnathan Berk and Peter DeMarzo and , 4th Edition, Pearson Publication
2. Fundamentals of Corporate Finance, Stephen Ross, 11th Edition, McGraw-Hill Education
3. Finance for Executives: Managing for Value Creation, Gabriel Hawawini and Claude Viallet, 5th Edition, Cengage Learning
教授
由高教社联手网易推出，让每一个有提升愿望的用户能够学到中国知名高校的课程，并获得认证。
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