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1、,Introduction of Finance and Corporate Finance,MA RUFEI Macau University of Science and Technology 2013.9.3,馬如飛 博士（MA RUFEI PH.D） Office: A412 Office Tel: 8897 2876 E-mail: rfmamust.edu.mo Teaching area: Corporate finance, International financial management. Research area: Monetary policy and corpor
2、ate finance; Supply chain finance,Topics Covered,What is Finance What is corporate finance The main issues of corporate finance The basic knowledge corporate finance Top three journals in financial field Financial database,What is Finance,What is Finance,What is Finance,Wealth, Money, Investment, Fi
3、rms, Financing, Dividend, Bank, Interest, Risk, Time Value, Credit, Stock market, Bond market,What is corporate finance,The main issues of corporate finance,1) Transfer pricing (this is very relevant if the company has multinational entities) 2) Managing risks 3) Dividends policy 4) Quantifying unce
4、rtainty 5) Management of working capital 6) Marketing/public image/relations 7) Project valuation,The main theory,Net Present Valuation and Separation Theorem (Hirshleifer, 1985) Equity Valuation Model (Gordon and Shapiro, 1956) Irrelevance of Debt-Equity Ratio (Modigliani and Miller, 1958),The main
5、 theory,Agency Theory Models (Jensen and Meckling, 1976) Capital Asset Pricing Model (Sharpe, 1964; Lintner, 1965) Efficient Markets Hypothesis (Fama, 1970),The main theory,Portfolio Allocation Theory (Markowitz, 1952) Option Pricing Model (Black and Scholes, 1973),The basic knowledge corporate fina
6、nce,Basic Knowledge of Financial Accounting Knowledge of Advanced Math Knowledge of Statistics & Econometrics,Top three journals in financial field,Journal of finance Journal of financial economics Reviews of financial studies,Financial database,Datastream (Access up to 50 years of history, millions of global instruments and indicators and coverage for 175 countries in 60 global markets.) GTA（China Stock Market and Accounting Research Database. Including all the data of Chinas listed companies from 1990 to present.),
