Écoles, masters et doctorats / Schools, Masters and Doctorates / Enseignements / Teachings
Pedagogical Format : Seminar Course validation : Each student will make an in-class presentation of 20 to 25 minutes (as part of a two-person or three-person team) and write a relatively short paper (maximum 6,000 words). The ﬁnal grade will be determined based on the in-class presentation, the paper, and in-class participation. Workload : Students are expected to read 50 pages a week on average. Pedagogical Method : Each course will comprise an in-class presentation by students, followed by a general discussion on the topic of the day (a topic broader than that of the presentation) based in part on the compulsory readings. There will be no guest teacher Course Description : This seminar is located at the intersection of political science, law, philosophy, sociology, and economics. While considering in greater detail the US historical experience, it will provide a comparative exploration of antidiscrimination policies including the cases of India, South Africa, Malaysia, the United Kingdom, Canada, and France. Among other things, we shall examine the connections (or lack thereof) between philosophical theories of social justice and equality and antidiscrimination law and policies ; clarify the analytical and empirical links between racism, discrimination, and afﬁrmative action ; and assess the potential justiﬁcations for afﬁrmative action, while accounting for the predominance of some over others in political and legal spheres. Required reading : RAWLS, John. A Theory of Justice. Cambridge (Mass.) : Harvard University Press, 1971, pp. 3-53.
Prerequisite : Students should have a previous understanding of securities markets purposes/ mechanisms and knowledge of basic features of main traded securities (bonds, shares) ;they should also have a good grasp of : corporate ﬁnancial analysis concepts and practises (general accounting principles, balance sheet and p/l breakdown and analysis, working capital requirements, ﬂow of funds analysis) ; knowledge of corporate valuation methods (risk appraisal & measurement, impact on cost of equity/wacc, discounted cash ﬂows, main valuation ratios) ; - corporate business & ﬁnancial strategy (investment analysis, dividend policy, and value creation appraisal) ; - knowledge of main ﬁnancial maths/statistical routinely used concepts and calculations (mean/ median, st deviation, correlation, discounting, capitalisation, npv calculations etc., see use of hp 12c calculator). Pedagogical Format : Seminar Course validation : Participation in course + Multiple Choices Test on course content at the end. Pedagogical Method : Slide presentation of support material with illustrative case studies. Course Description : The ECM course covers Equity and Equity related fundraising options for listed Corporates through market offerings :IPO, Capital increase (Placing, Rights Issue), Block Trades (Accelerated or marketed offering), Equity-Linked Issue (Convertible/ Exchangeable Bond Issue). Rationale, Product description,Valuation/Pricing Approaches, Regulated issues (Time schedule, Due Dilligence, Investors Education Process, documentation. Corporate Debt objective is to provide 1) an overview of the various options available to a CFO within the Financial objectives and constraints framework of a Corporate : Market, Business model, investment perspectives, Capital structure and 2) a discussion on the Intrinsic rationale and possible Terms in various situations : Securitization, Reverse factoring, Working Capital optimisation, Public-Private-Projects, Project Financing, Acquisition Finance, Debt Capital Markets (Straight, Hybrid or Project Bonds). 1291
EQUITY CAPITAL MARKETS & CORPORATE DEBT FINANCE
Semester : Spring Number of hours : 34 Language of tuition : English
Teachers : Aline FRAGNET D'HAUSEN (Managing Director –Coverage & Investment Banking, at Société Générale), Foday JANNEH (Teaching Assistant), Bruno RIGAL (Managing Director – Coverage & Investment Banking, Na