(in Polish) Finanse korporacyjne 2400-M1ABFK

The course presents issues related to corporate financial management. It enables students to assess the financial condition of companies and identify ways in which they create value. Methods of selecting financial risk management techniques will be presented. The course will cover and explore issues such as:
• The theory of capital structure in a company
• Sources of financing for a company, including the financing of risky projects (e.g., research and development and innovation), including the use of grants and tax support
• Advanced assessment of financial statements, including, among others, company ratio analysis and assessment of the level of operating and financial leverage, taking into account industry differences
• Assessment of company investment and dividend decisions
• Company valuations, taking into account the reasons for performing them and presenting methods for valuing intangible assets
• Types of financial risk and ways of managing it using appropriate financial instruments and strategies
• Problems with making investment decisions in a company, particularly with regard to agency theory

Classes conducted as part of the “Integrated Program for the Development of Teaching ZIP 2.0” project, co-financed by the European Social Fund European Funds for Social Development 2021-2027 (FERS) (agreement no.: FERS.01.05 IP.08 0365/23 00).

Basic literature:
1. Damodaran A., Finanse korporacyjne Teoria i praktyka, Helion, Gliwice, 2017.
2. Jajuga K. [red.], Zarządzanie ryzykiem, Wydawnictwo PWN, Warszawa 2007.
3. Panfil M., Wycena biznesu w praktyce, Poltext, Warszawa 2009.
4. Grzywacz J. [red], Struktura kapitału w przedsiębiorstwie w warunkach ekspansji, kryzysu i zjawisk upadłościowych, Oficyna Wydawnicza SGH, Warszawa, 2015.
5. Ostaszewski J., Cicirko T. [red], Podstawy finansowania spółki akcyjnej, Difin, Warszawa 2017.

Supporting literature:
6. Kossecki P. Wycena aktywów niematerialnych do celów prawnych, Wolters Kluwer, 2024.
7. Butler, K. C., Multinational Finance - Evaluating the Opportunities, Costs, and Risks of Multinational Operations, 6th Edition, Hoboken, John Wiley & Sons, New Jersey 2016.
8. Ross S., Westerfield R., Jaffe J., Corporate Finance, 10th edition, Mcgraw-Hill/Irwin Series in Finance, 2013.
9. Oplustil K., Instrumenty nadzoru korporacyjnego (corporate governance) w spółce akcyjnej, C.H. Beck, Warszawa, 2010 (wybrane rozdziały).

Additional materials (including scientific, business/ industry/technical articles and chapters from selected books) that will be referred to during the course.