Corporate Finance Law
B656 is taught by B. Broughman, Fitter, W. Hicks, C. Ochoa
This advanced business law course explores a fundamental question for business organizations: how does a firm earn/raise money to finance its operations? Topics include fundamental and advanced finance concepts including: the time value of money, valuation of bonds and stocks, portfolio theory, market efficiency, capital structure, and behavioral finance. Fundamental principles of corporate financial decision-making will be covered including capital allocation and budgeting utilizing DCF/NPV. We will also explore corporate valuation methods in an M&A context and firms choice of capital structure. Gentle Warning: no prior finance experience is required, but a basic accounting course can be helpful. Overall, by law school standards, we will be using math frequently in this course. The course is taught from a largely a practical perspective to provide insight into the field of corporate/investments finance. There is no formal math pre-requisite as this course does not require high levels of mathematical sophistication (i.e. no calculus, no linear algebra, etc.). Solid high-school-level algebra is all that is required and we will leverage tools such as MS-Excel and/or a financial calculator to simplify the computational aspects of the course where possible. Students will be required to pass two exams and work through several numerical problem sets and group work exercises to develop the analytics and logic behind corporate finance as part of the course.