9.4C - Financing and Investment Appraisal
9.4C - Financing and Investment Appraisal
Financing and Investment Appraisal
Code: 9.4C
Semester: 9 / Year: 5 (Mantatory)
Teachers: Pendaraki Konstantina
Lectures hours (per week): 3
laboratory hours (per week):
Subject
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Financial operation and business environment,
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Time value of money,
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Evaluating risk and return,
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Financing business activities,
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Investment appraisal and Decision making,
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Cost benefit analysis,
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The basics of capital budgeting,
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Evaluating Cash flows,
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Break-even analysis,
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Operating leverage and Financial leverage,
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Weighted Average Cost of Capital
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Pricing stocks and bonds
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Working Capital management
Educational Aims
Investments are the most important factor of growth, because they mobilize, combine and exploit all factors of production such as soil, human resources, capital, know-how and entrepreneurship. Making investments with a high rate of efficiency requires rational decision making and evaluation of investment projects. Specifically, the course aims to introduce students to the basic principles of finance and to learn the basic techniques and methods of Financial Management and Investment Evaluation with a view to their practical application. In this sense the lesson is the basis on which specific methodologies and techniques are developed in individual specific courses of financial management. Finally, the aim of the course is to understand from the students the importance of evaluating investment projects in the modern financial environment and the transformation of financial management into a distinct scientific field /profession.
At the end of this course the students shouldbe able to:
- Understand the concept of Net Asset Value,
- Understand the concepts of Present and Future values,
- Calculate risk and return,
- Calculate WACC,
- Calculate NPV, IRR, MIRR, PBP,
- Use appropriate tools for capital investment process,
- Pricing stocks and bonds,
- Analysing Break Even Point,
- Calculate working capital.
In addition, withinthe workshop, exercises are solved so that the students gain essential skills and more flexibility in dealing with practical problems of evaluation and financing of investment projects.
Student Evaluation
Written examination aftertheend of the semester (100%) including:
- QuickQuestions,
- TestDevelopment Questions,
- Problemsolving
Bibliography
- Ζοπουνίδης, Κ. «Βασικές Αρχές Χρηματοοικονομικού Μάνατζμεντ», Εκδόσεις Κλειδάριθμος, Αθήνα, 2013 (in Greek).
- Κιόχος, Π., Παπανκολάου, Γ., Θάνος, Γ., και Κιόχος, Α. «Χρηματοοικονομική Διοίκηση και Πολιτική», Σύγχρονη Εκδοτική, Αθήνα, 2002 (in Greek).
- BodieZvi, KaneAlex, MarcusAlan, «Επενδύσεις», Επιμέλεια: Κ. Συριόπουλος, Εκδόσεις UTOPIA, Αθήνα, 2014 (in Greek).
- BrealeyRichard, MyersStewart, AllenFranklin, «Αρχές Χρηματοοικονομικής των Επιχειρήσεων», Επιμέλεια: Χ. Αλεξάκης, Δ. Καινούργιος, Δ. Κουσενίδης, Α. Σάμιτας, Κ. Συριόπουλος, Εκδόσεις UTOPIA, Αθήνα, 2013 (in Greek).