Course code:

Term and year: Spring 2026

Day and time: Wednesday, 15:00-17:45

Instructor: Mgr. Matěj Kořínek, MSc.

Instructor contact: matej.korinek@aauni.edu

Consultation hours: Thursday, 17:00-18:00 online

1.   Course Description

This course covers the principles of corporate finance and their practical applications. It offers deeper insights into valuation of bonds and stocks, decision-making within corporations, theory of capital structure and management, and related topics of payout and debt policies. In addition, the course covers the basics of pricing derivative securities and managing risk.

2.   Student Learning Outcomes

Upon completion of this course, students will be able to:

▪        use present value formula, value bonds and stocks and employing investment criteria

▪        make investment decision and project analysis

▪        understand strategy and the capital investment decisions

▪        be aware of risk return tradeoff, cost of capital: CAPM + APT

▪        understand the concept of efficient markets, corporate financing, and how corporations issue securities

▪        be aware of payout policy, whether debt policy matters, and how much should a corporation borrow?

▪        manage risks – forwards and futures

▪        have basic knowledge of derivative securities, real options

3.   Reading Material

Required Materials

• Principles of Corporate Finance by Brealey, Myers, Allen, Edmans – 2025 release, ISBN13: 9781266029646
• Cases in Corporate finance by Joshipura, Mathur – 2024, ISBN-13: 9781032724485 – available on Perlego

4.   Teaching methodology

·        Presentations, interactive seminars, home assignments, cases studies

5.   Course Schedule

6.   Course Requirements and Assessment (with estimated workloads)

*1 = Critical Thinking; 2 = Effective Communication; 3 = Effective and Responsible Action

7.   Detailed description of the assignments

The assignments (both big and small) will be composed of qualitative and quantitative examples as well as theory questions. Both correctness of the answers as well as steps taken to solve the assignments will be evaluated. If a student makes a basic mistake such as 5x5=20, only minor points will be deducted. The key is to link theory with numbers and to understand why certain steps can be taken and what they mean. The assignments will be as such that if the student provides whole solution with reasoning, teacher will be able to evaluate students from qualitative, quantitative and theoretical angles. The key to successful assignments is to properly follow the procedures described in the textbook and during the class. To sum it up, theory, quality and math will all be evaluated with math slightly sidelined.

Regarding case studies, they will test students from the same angles as small and big assignments. In addition, students will be forced to be creative in their solution and able to search relevant sources since there is no guarantee that all issues in the cases will be discussed during the lectures. On top of that, students will practice presentation skills. The key to successful case study is the application of corporate finance theory to solve the assignment. All theory, quality, math and quality of presentation will be evaluated with math slightly sidelined.

8.   General Requirements and School Policies

General requirements

All coursework is governed by AAU’s academic rules. Students are expected to be familiar with the academic rules in the Academic Codex and Student Handbook and to maintain the highest standards of honesty and academic integrity in their work. Please see the AAU intranet for a summary of key policies regarding coursework.

Course specific requirements

There are no special requirements or deviations from AAU policies for this course.