BA RIA-VUNG TAU UNIVERSITY SOCIALIST REPUBLIC OF VIET NAMFACULTY OF ECONOMICS –LAW-LOGISTIS Independence– Freedom – Hapiness MODULE OUTLINE DETAILS1.General Information - Course Name: S
Trang 1BA RIA-VUNG TAU UNIVERSITY SOCIALIST REPUBLIC OF VIET NAM FACULTY OF ECONOMICS
–LAW-LOGISTIS
Independence– Freedom – Hapiness
MODULE OUTLINE DETAILS
1 General Information
- Course Name: Strategic Corporate and Project Finance
- Module Code:
- Credit: 3 credits
- Previous Prerequisite Modules : None
- The requirements for the module: None
2 Objectives of the module
Knowledge:
Students who wish to better understand how their strategic corporate finance knowledge, skills, tools and project finance might be put to use in the real world Topics range from weighted average cost of capital, value-based management, optimal capital structure, risk management and project finance management
Skills:
Students can analyze and summarize data to make assessments about strategic corporate and project finance; understand and comply with laws; make optimal investment plans
Attitudes:
Seriously, confidently, know how to develop the ability, self-learn experience to behave appropriately in different situations
3 Preparation of the module output
After completing the module, students will be able to work with the basic knowledge of strategic corporate and project finance management; formation and development of analytical skills, teamwork skills; develop assessment and self-assessment competencies
4 Summary of the subject content
The module equips students how their corporate finance knowledge, skills, tools and project finance might be put to use in the real world Applying analytical skills and efficiency assessments to the practices of the business
5 The detailed content and forming of organization of teaching, learning section
5.1 Module theory or theory combined with practice:
Detail Content
Number of periods Specific
objectives
Specific tasks
of student
In class Experiment,
practice Theory Exercise,
Discussions
PART ONE: STRATEGIC
CORPORATE FINANCE
cost of capital
Reference documents:
Trang 2Chapter 1: The Cost Of Capital +Document
[1]: Content from Chapter 1
1.1 Calculation pitfalls
1.2 Market risk premium
1.3 Toward a better Beta
1.4 The “Riskless Rate”
1.5 The cost of debt
1.6 Global capital costs
1.7 WACC and Hurdle Rates
Chapter 2: Finding Your
Sources of Value
sources of value
Reference documents: +Document [1]: Content from Chapter 2
2.1 Why shareowner value?
2.2 Performance measurement
pitfalls
2.3 Measuring Economic Profit
and Value
2.4 Analyzing the Corporate
Portfolio
2.5 Incorporating the Cost of
Capacity
2.6 Value-Based Strategies and
Tactics
2.7 Managing for Value
2.8 Balancing Performance with
Value
Chapter 3: Creating value
Through Divestiture
how to create value through divestiture
Reference documents: +Document [1]: Content from Chapter 3
3.1 Divestiture Creates Value
3.2 Sources of Value: Motives for
Divestiture
3.3 Alternative Methods of
Disposition
3.4 What Works Best for Whom?
3.5 What Happens Longer Term?
3.6 Practical Impediments to
Divestiture
3.7 Financial Policy
Considerations
3.8 Tax Considerations and
Structural Refinements
Chapter 4: Cash and The
Optimal Capital Structure
about cash and the optimal capital structure
Reference documents:
Trang 3+Document [1]: Content from Chapter 5
4.1 Trends and Implications
4.2 How Much Is Too Much?
4.3 The Costs and Benefits of
Excess Cash
4.4 How the Market Views Excess
Cash
4.5 Optimal Capital Allocation
PART TWO: PROJECT
FINANCE
Chapter 5: Introduction To The
Theory And Practice Of Project
Finance
basic knowledge about the theory and practice of project finance
Reference documents: +Document [2]: Content from Chapter 1
5.1 What Is Project Finance?
5.2 Why Do Sponsors Use Project
Finance?
5.3 Who Are the Sponsors of a
Project Finance Deal?
5.4 Overview of the Features of
Project Finance
5.5 The Theory of Project Finance
Chapter 6: Project
Characteristics, Risk Analysis,
and Risk Management
project characteristics, risk analysis, and risk management
Reference documents: +Document [2]: Content from Chapter 3
6.1 Identifying Project Risks
6.2 Risk Allocation with Contracts
Stipulated by the SPV
6.3 Summary of the Risk
Management Process
Chapter 7: Valuing the Project
and Project Cash Flow Analysis
how to value the project and project cash flow analysis
Reference documents: +Document [2]: Content from Chapter 5
7.1 Analysis of Operating Cash
Flows and Their Behavior in
Different Project Life-Cycle
Phases
7.2 Defining the Optimal Capital
Structure for the Deal
7.3 Cover Ratios
7.4 Sensitivity Analysis and
Scenario Analysis
Chapter 8: Financing the Deal 4 2 Understand
how to Finance the project finance deal
Reference documents: +Document [2]: Content from Chapter 6
8.1 Advisory and Arranging
Activities for Project Finance
Funding
8.2 Other Roles in Syndicated
Loans
8.3 Fee Structure
8.4 International Financial
Institutions and Multilateral Banks
Trang 48.5 Bilateral Agencies:
Developmental Agencies and
Export Credit Agencies (ECAs)
8.6 Other Financial Intermediaries
Involved in Project Finance
6 Assess the learning outcomes of study
6.1 Regular and period marks, diligently learning attitude: 20% of module marks 6.2 Mid – term test’s mark : 20% of module marks
6.3 Final test’s mark : 60% of module marks
7 References
7.1 Documents required
[1] Justin Pettit, Strategic Corporate Finance: Applications in Valuation and
Capatal Structure, John Wiley & Sons, 2007
[2] Stefano Gatti, Project Finance in Theory and Practice: designing, Structuring
and Financing Private and Public Projects, Academic Press, 2008.
7.2 References
[3] E R Yescombe, Principles of Project Finance, Academic Press, 2002.
8 Lecturer’s information
- MBA Nghiem Phuc Hieu
- Areas of specialization: Financial – Banking Management
- Contact Address: 01 Truong Van Bang, Ward 7, Vung Tau City
- Email: hieunp@bvu.edu.vn
Ba Ria-Vung Tau Province, date month year
PRINCIPAL EVALUATION BOARD LECTURER