HOFSTRA UNIVERSITY
FRANK G. ZARB
SCHOOL OF BUSINESS
Ato provide students with a perspective on the
integration of the functional areas of business,
while maximizing
the use of analytical skills and knowledge for decision making in a
contemporary global business environment
DEPARTMENT OF FINANCE
FINANCE 402 – Managerial Finance
(Executive MBA)
Spring 2002
LOCATION OFFICE
116A Weller, 220 Weller,
PHONE EXTENSION & EMAILS:
Dr.
Andrew Spieler 463-5334 FINACS@HOFSTRA.EDU
Dr. Nikbakht 463-5679 FINEZN@HOFSTRA.EDU
GENERAL INFORMATION
Location of Department Office 221
Weller Hall
Telephone number of Department 463-5698
Department Chairperson Dr. Nancy Huckins
DESCRIPTION OF COURSE
The
following are highlights for the
Managerial Finance Course for EMBA Students in Spring 2002. The course
explores key issues encountered by financial managers and analyzes the decision
making process that is most consistent with maximizing the value of the
firm. Coverage includes, but is not
limited to capital expenditure analysis,
working capital management, financing, cost of capital and capital
structure decisions ,and dividend policy.
The financial decision making process is developed with emphasis on the
role of global financial markets, ethics, and considering the various
constituencies of a modern corporations.
REQUIRED TEXT
Finance for Executives by Hawawini and Viallet, 2nd Edition
published by South-Western
Investment Valuation by Aswath Damodaran, published by John Wiley
OUTCOME OBJECTIVES
AND METHODS OF ACHIEVING THE OBJECTIVES
This course presents the tools to develop the
conceptual skills required of financial managers. It is designed to put in practical use the theories and
techniques analyzed in the classroom.
Emphasis will be placed on valuation in an environment of risk. Some of the more modern issues concerning
the interpretation of firm policy with respect to dividends, financial
structure and corporate asset and liability restructuring, and capital
budgeting will be discussed. Lectures,
solving and interpretation of integrated problems in finance, class discussion,
along with students’ written reports will be used to maximize learning in this
course.
ATTENDANCE POLICY
Attendance is required. The course lectures and
problem solving in this course are designed in a way that students’ attendance
and class participation are required for learning the subjects and passing the
tests.
METHODS OF EVALUATING STUDENTS
Exam 1 (First Half))
40% by Dr. Nikbakht
Exam 2 (Second Half) 40% by Dr. Huckins
Class participation including class reports or other
written assignments as assigned 20% (Dr. Nikbakht, Dr. Huckins)
SCHOOL OF BUSINESS POLICY ON MAKEUP EXAMINATIONS
To be eligible for a makeup examination, a student
must submit to the instructor written documentation of the reason for missing a
scheduled examination due to medical problems or death of an immediate family
member. The instructor (not the student) determines whether and
when a makeup is to be given. If a
makeup examination is to be given, the instructor will determine the type of
makeup examination. If the student
misses (for any reason) the scheduled makeup examination, additional make-ups are not
permissible.
UNIVERSITY
POLICY ON INCOMPLETE GRADES
Incomplete work must be completed and submitted to the
instructor for a passing or failing grade before the end of the next regular
semester.
UNIVERSITY POLICY ON
ACADEMIC HONESTY
A University is a community of faculty and students
dedicated to the acquisition and transmission of knowledge. Every individual in this community has an
obligation to uphold its intellectual standards, which alone make learning and
education worthwhile. It is the responsibility
of the faculty to try to communicate both knowledge and respect for
knowledge. It is equally the
responsibility of the student to respect knowledge for its own sake. Only thus does the student prove
himself/herself deserving of a university education.
Course Outline with Calendar
Date/Instructor Chapter/Book
Sat. Feb. 9 Dr. Nikbakht Chapters
1-2 (Hawawini and Viallet)
Dr. Nikbakht’s Notes on Time Value of Money &
Various Applications
Friday Feb. 15 Dr. Nikbakht Chapters 6-7
(Hawawini and Viallet)
Saturday Feb. 23, Dr. Nikbakht Chapters 6-8 (Damodaran)
Friday March 1, Dr. Nikbakht Chapters
10-11 (Damodaran)
Saturday March 9, Dr. Nikbakht Chapter 12-13 (Damodaran)
Friday March 15, Dr. Nikbakht Chapter 14-15 (Damodaran)
Saturday March 23, Dr. Nikbakht Chapter 16, 19-20 (Damodaran)
Friday April 5, Dr. Nikbakht Students Reports (3:15 to 4:15 pm)
Exam One (4:15 to 6 pm)
Saturday April 13 Dr. Andrew
Spieler To be assigned
Friday, April 19 Dr.
Andrew Spieler To be assigned
Saturday, April 27 Dr.
Andrew Spieler . To
be assigned
Friday, May 3, Dr.
Andrew Spieler To be assigned
Saturday May 11, Dr.
Andrew Spieler To
be assigned
Friday May 24, Dr.
Andrew Spieler To be assigned
Saturday, June 1, Dr.
Andrew Spieler To be assigned
Friday, June 7, Dr.
Andrew Spieler To be assigned