Corporate Finance 문서 원본 보기

= Corporate Finance as a Discipline =
'''Corporate finance ([[기업재무]])''' is the decision-making process related to raising capital and efficiently allocating it in order to maximize long-term shareholder value. It includes the following components:
* Capital structure (자본구조) refers to the way a company finances itself, primarily through a mix of debt (external capital) and equity (internal capital).
* Capital budgeting (자본예산) is the process by which companies make long-term investment decisions, focusing on selecting investment projects that can maximize the firm's value by analyzing their costs and benefits.
* Dividend policy (배당정책) determines how a company distributes profits to its shareholders and involves maintaining a balance between reinvesting in the company and returning profits to shareholders.

= Corporate Finance as a Course =
Corporate finance is typically taught to second and third-year undergraduate students, focusing on financial decision-making in businesses. Key topics covered in this course include cost of capital, capital structure, raising capital, and dividend policy. Many universities adopt the textbook [https://product.kyobobook.co.kr/detail/S000003153196 Fundamentals of Corporate Finance] (13th Edition, 2021, McGraw-Hill Education, ISBN: 9781265553609) by Ross, Westerfield, Jordan (RWJ). The scope of corporate finance usually begins with Part 6 of this book, while Parts 1-5 are typically covered in [[Financial Management]] course. The following section explains the key concepts of corporate finance based on RWJ's chapters.

== Part 6: Cost of Capital and Long-Term Financial Policy ==
=== Chapter 14: Cost of Capital ===
* [[Cost of Equity|Cost of equity]]
* [[Cost of Debt|Cost of debt]]
* [[Weighted Average Cost of Capital|Weighted average cost of capital]]

=== Chapter 15: Raising Capital ===
* [[Initial Public Offering|Initial public offering]]

=== Chapter 16: Financial Leverage and Capital Structure Policy ===
* [[Irrelevance Proposition|Irrelevance Proposition]]
* [[Pecking Order Theory]]

=== Chapter 17: Dividends and Payout Policy ===
* [[Ex-Dividend Date|Ex-dividend date]]

== Part 7: Short-Term Financial Planning and Management ==
=== Chapter 18: Short-Term Finance and Planning ===

=== Chapter 19: Cash and Liquidity Management ===

=== Chapter 20: Credit and Inventory Management ===

== Part 8: Topics in Corporate Finance ==
=== Chapter 21: International Corporate Finance ===

=== Chapter 22: Behavioral Finance: Implications for Financial Management ===

=== Chapter 23: Enterprise Risk Management ===

=== Chapter 24: Options and Corporate Finance ===

=== Chapter 25: Option Valuation ===

=== Chapter 26: Mergers and Acquisitions ===
* [[Mergers and Acquisitions|Mergers and acquisitions]]

=== Chapter 27: Leasing ===