Skip to main content
About HEC About HEC Faculty & Research Faculty & Research Master’s programs Master’s programs MBA Programs MBA Programs PhD Program PhD Program Executive Education Executive Education Summer School Summer School HEC Online HEC Online About HEC Overview Overview Who We Are Who We Are Egalité des chances Egalité des chances Career Center Career Center International International Campus Life Campus Life Stories Stories The HEC Foundation The HEC Foundation Faculty & Research Overview Overview Faculty Directory Faculty Directory Departments Departments Centers Centers Chairs Chairs Knowledge Knowledge Master’s programs Master in
Management Master in
programs Dual-Degree
MSc International
Finance MSc International
Masters Specialized
Visiting students Visiting students Certificates Certificates Student Life Student Life
MBA Programs MBA MBA EMBA EMBA TRIUM EMBA TRIUM EMBA PhD Program Overview Overview HEC Difference HEC Difference Program details Program details Research areas Research areas HEC Community HEC Community Placement Placement Job Market Job Market Admissions Admissions Financing Financing Summer School Youth Leadership Initiative Youth Leadership Initiative Summer programs Summer programs Admissions Admissions FAQ FAQ HEC Online Overview Overview Degree Program Degree Program Executive certificates Executive certificates MOOCs MOOCs

The Corporate Finance course is derived from the following three courses: Financial Markets, Financial Economics, and Financial Accounting.

Accordingly, students wishing to register for Corporate Finance should have a thorough understanding of the main theories and concepts taught in the above three modules.

The aim of the course is to lay out the theoretical framework of corporate finance, analyze the main financial decisions taken by companies and introduce the basic financial management culture.


First, the course focuses on understanding the current situation and value of a company (financial analysis). It then moves to present how the various theories (market equilibrium, agency theory, signal theory, behavioural finance) can explain the financial decisions made by chief financial officers.

Lastly, it looks in detail at the different financial decisions taken in a company and the overall impact on company value for subjects such as:

  • Choice of financial structure
  • Dividend policy
  • Raising equity
  • Financing start-ups
  • Debt policy
  • LBOs
  • Risk management policy
  • Mergers and acquisitions.