Corporate Finance
本课程聚焦企业的财务决策，包括投资决策、融资决策和股利政策三大核心领域。课程深入讲解资本预算方法（NPV、IRR、回收期）、资本结构理论（MM定理、权衡理论、优序融资理论）、加权平均资本成本（WACC）计算、股利政策与股票回购、以及营运资本管理。通过大量企业案例分析，学生将掌握公司估值和财务决策的系统方法。
This course focuses on corporate financial decisions: investment, financing, and payout policy. It covers capital budgeting (NPV, IRR, payback), capital structure theory (MM propositions, trade-off theory, pecking order), WACC calculation, dividend policy and share repurchases, and working capital management. Extensive case studies build systematic corporate valuation and decision-making skills.
学生选取一家拟被收购的目标公司，运用现金流折现法（DCF）和可比公司法进行估值。需要预测未来五年的财务报表，计算WACC作为贴现率，得出企业的内在价值。同时分析并购的协同效应、融资方案设计、以及对收购方每股收益的影响，最终给出合理的收购价格区间和交易结构建议。
Students select a target acquisition company and value it using DCF and comparable company analysis. They forecast five-year financial statements, calculate WACC, and derive intrinsic value. The report analyzes synergy effects, financing structure, EPS impact on the acquirer, and recommends a fair price range and deal structure.