TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Doctorate Of Science
YEAR OF STUDY	1
SEMESTER	First Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	Professor Güray Küçükkocaoğlu
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Estimate the cost of capital for the whole firm, individual divisions as well as the specific projects with advanced techniques such as the marginal cost of capital (MCC) schedule. 2) Solve capital budgeting problems by risk-adjusted discount rate approach and certainty equivalent approach. 3) Explain and evaluate the Modigliani and Miller (MM) capital structure model (with and without taxes) and the Miller model. 4) Describe the impact of financial distress, agency costs and asymmetric information on capital structure. 5) Explain dividend theories such as the residual theory of dividends and the Miller and Modigliani's irrelevance argument. 6) Identify other factors that influence dividend policy. 7) Learn the difference between Short-Term and Long-Term Financial Planning. 8) Capital Structure Decisions. 9) Lease Financing and Hybrid Financing. 10) Mergers, LBOs working capital management, Divestitures, and Holding Companies
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	The development of corporate financial theory will be taken into account. As the fundamental issues of finance theory, efficient market hypothesis, portfolio theory, capital asset pricing model, option pricing theory, agency theory will be be primarily examined.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction; Overview of Financial Management, Financial Statements, Cash Flow, and Taxes 2nd Week Analysis of Financial Statements, The Financial Environment 3rd Week Risk and Return: The Basics, Time Value of Money 4th Week Bonds and Their Valuation 5th Week Stocks and Their Valuation 6th Week The Cost of Capital, The Basics of Capital Budgeting 7th Week Cash Flow Estimation and Other Topics in Capital Budgeting, Risk Analysis and Real Options, Long-Term Financial Planning, Capital Structure Decisions:The Basics 8th Week Midterm 9th Week Distributions to Shareholders: Dividends and Repurchases, Issuing Securities, Refunding Operations, and Other Topics 10th Week Lease Financing, Hybrid Financing 11th Week Current Asset Management, Short-Term Financing 12th Week Derivatives and Risk Management, Bankruptcy, Reorganization, and Liquidation 13th Week Mergers, LBOs 14th Week Divestitures, and Holding Companies
RECOMENDED OR REQUIRED READING	Financial Management; Theory and Practice, Brigham, Gapenski and Ehrhardt, Dryden Press
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 50 Total(%) 50 Contribution of In-term Studies to Overall Grade(%) 50 Contribution of Final Examination to Overall Grade(%) 50 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 3 3 Preparation for Quiz Individual or group work 1 30 30 Preparation for Final exam 1 60 60 Course hours 14 3 42 Preparation for Midterm exam 1 50 50 Laboratory (including preparation) Final exam 1 5 5 Homework 6 20 120 Total Workload 310 Total Workload / 30 10,33 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No