Ethical guidelines and penalties for cheating
Research ethics and responsible scientific and research
practice
• Arcada has committed to comply with the guidelines of the
Finnish Advisory Board on Research Integrity for conduct of
research and procedures for handling violations of them.
• A student guilty of cheating or otherwise in breach of the
guidelines of the Finnish Advisory Board on Research Integrity or
Arcada's regulations on good scientific and research practice can
be punished with a warning or suspension from Arcada for a
limited time (Degree Statutes 27 §).
• Assignments will immediately be failed if plagiarism is discovered
(start: Rules and Regulations – Plagiarism).
Ethical guidelines and penalties for cheating
Research ethics and responsible scientific and research
practice
• Arcada has committed to comply with the guidelines of the
Finnish Advisory Board on Research Integrity for conduct of
research and procedures for handling violations of them.
• A student guilty of cheating or otherwise in breach of the
guidelines of the Finnish Advisory Board on Research Integrity or
Arcada's regulations on good scientific and research practice can
be punished with a warning or suspension from Arcada for a
limited time (Degree Statutes 27 §).
• Assignments will immediately be failed if plagiarism is discovered
(start: Rules and Regulations – Plagiarism).
Corporate Finance
Lecture 1: Course introduction
Joacim Broth 2024
Learning outcomes
• a knowledge on how markets price various assets and risks (knowledge)
• a basic knowledge of some crucial macroeconomic indicators affecting
financial markets (knowledge)
• a good knowledge of the main types of funding available to companies
(knowledge)
• capability to independently produce financial calculations regarding
investments (skill)
• capability to evaluate financing alternatives (skill)
• ability to collaborate in a multicultural team in producing and presenting a
report (skill)
• an active interest in current events in the economy (attitude)
• an ability to discuss events in the economy also outside your specific field
of expertise (attitude)
• a healthy scepticism regarding news reporting on the economy (attitude)
Relevance
• All of you will be large investors one day
• Most of you will be large borrowers one day
• All of you will work in organizations which are
affected by the financial markets
The timeline shows the inflation rate measured by the Harmonised
Index of Consumer Prices (HICP) in Germany
Course Outline : contents
• Background: macroeconomic factors and the financial
markets
• Topics
• The financial perspective
• Risk and return
• Discounting cash flows
• The financial markets and main instrument types
• Interest rates and currencies
• Cost of capital and funding alternatives
• Presentations and discussions
Schedule
Schedule for Corporate Finance 2024
29 October Introduction + lecture 1
31 October Lecture 2
5 November Lecture 3
7 November Lecture 4
12 November Lecture 5
14 November Lecture 6
19 November Lecture 7
21 November Lecture 8
26 November Lecture 9
28 November Lecture 10
3 December (lesson 1) Status and questions individual assignment
3 December (lesson 2) Status and questions Group assignment
9 December Group presentations and discussions (4 groups)
12 December Group presentations and discussions (4 groups)
17 December Group presentations and discussions (4 groups)
19 December Group presentations and discussions (4 groups)
27.10.2024
Course Literature
• Brealey, Myers & Allen. Principles of Corporate
Finance, McGraw Hill. Latest edition you can get
hold of
• Any other similar source, in your chosen language
• Material relevant to each individual topic,
published by financial market actors, government
bodies, regulators etc.
27.10.2024
Examination
• Group assignment:
– The group assignment gives 40 points.
– In groups of 4 students, prepare written academic essays on given
topics. Presentation of some of the reports for the class. Discussion
after presentations
– Groups are assigned by the teacher if you cannot create them
yourself.
– All members of a group get the same grade
• The individual academic essay gives 50 points.
• Attendance at lectures gives 10 points.
• Copy-pasting or other forms of plagiarism will lead to failure in
the course. Also cheating in attendance!
• Grade given for an assignment cannot be improved on, but a
failed report can be resubmitted.
• Missing the deadline will reduce grade by 1
28.8.2013
Format for the presentations
• There will be 3 presentation/discussion sessions
• Each group will prepare a 15-minute presentation
and hand in a Powerpoint
• In each session 4 reports will be presented and
discussed
• Attendance at your own group's presentation is
required to get points
28.8.2013
Business report vs. Academic text
Business report Academic text
• For a business user • For other academics
• Intended for problem • Discussion is often more
important than solutions
solving to find solutions
• Discussion is based on existing
• Supported by facts and academic knowledge + empiric
numbers, often collected data
for the report • Follows a strict academic
format for structure, style,
• Free format, ease of use is referencing and sources
key (powerpoint) • The value is in the entire text,
• The value is in the solution not the solution or conclusion
27.10.2024
Assignment – now until forever
• Follow the business news!
– Bloomberg
– CNN
– Wall Steet News
– Kauppalehti
– The Guardian
– Etc
• Pick up main trends and current topics
• Be prepared to discuss
– In class
– With friends
– In business meetings
27.10.2024
What is corporate finance
• A discipline within financial management, dealing
with
– Acquisition and pricing of long-term assets
– Financing and the price of financing (funding)
– Pricing of risk
• Applications of corporate finance, examples
– Investment calculations
– Evaluating funding alternatives
– Managing currency risk
– Valuing share issues or trades
• Investment portfolios, diversification and efficient
markets not covered in this course
27.10.2024
The financial vs. accounting perspective,
examples
Finance Accounting
• Free market ”capitalism” • Rules-based
• Market values • Historical cost
• Risk-taking vs. returns • Principle of conservatism
• Instant decisions • Formal reporting cycles
• Forward-looking • Historical data
Confusing:
Ekonomichef/talouspäällikkö = finance manager or CFO
Finansieringschef/rahoituspäällikkö = finance manager or CFO
27.10.2024
Discussion
• In pairs/threes, discuss the
• Business confidence unchanged date: 29.09.2024
• https://ek.fi/en/current/bulletins/business-confidence-
overall-remains-nearly-unchanged/#spf-
Confidence%20Indicators /
– Local effects? ...Short term – Long term
– Global effects? ...Short term – Long term
27.10.2024
Questions
• Questions
• Next time already 31 of October
27.10.2024
