| 授業名 | Financial Management |
|---|---|
| Course Title | Financial Management |
| 担当教員 Instructor Name | Liu Lian |
| コード Couse Code | NUC428_N25B |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 科目区分 Course Category | 専門教育科目 / Specialized Subject |
| 学位 Degree | BBA |
| 開講情報 Terms / Location | 2025 UG Nisshin Term3 |
授業の概要 Course Overview
Mission Statementとの関係性 / Connection to our Mission Statement
This course builds upon the foundational principles introduced in Introduction to Finance, offering a deeper exploration of financial decision-making in a dynamic global landscape. Aligned with the NUCB Business School's mission, it enhances both analytical rigor and strategic thinking in financial management. Over seven weeks, students will delve into advanced topics such as securities pricing, alternative investments, cost of capital, foreign exchange markets, and financial risk management in global markets. Through case-based learning, participants will bridge theory with practice, gaining the expertise needed to navigate complex financial environments and make informed, value-driven decisions.
授業の目的（意義） / Importance of this course
This course equips students with advanced financial skills to make strategic decisions in global markets. Building on foundational finance concepts, it covers securities pricing, alternative investments, cost of capital, and risk management. Through real-world case studies, students develop the expertise to navigate financial complexities, enhance corporate value, and drive sustainable growth.
学修到達目標 / Achievement Goal
By the end of the course, students will not only gain a deep understanding of core financial concepts but also develop the strategic thinking necessary to navigate and shape the evolving financial landscape.
本授業の該当ラーニングゴール Learning Goals
*本学の教育ミッションを具現化する形で設定されています。
LG1 Critical Thinking
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
受講後得られる具体的スキルや知識 Learning Outcomes
○ Interpret and analyze financial statements to assess a company’s profitability, liquidity, solvency, and operational efficiency.
○ Evaluate equity financing decisions, including the process, valuation, and strategic considerations of initial public offerings (IPOs).
○ Understand the structure and features of debt instruments, including corporate bonds, and assess the risks and returns associated with debt financing.
○ Estimate a firm’s cost of capital and apply capital budgeting techniques such as Net Present Value (NPV), Internal Rate of Return (IRR), and Discounted Cash Flow (DCF) in investment decision-making.
○ Design working capital and cash flow management strategies that support operational efficiency and financial stability.
○ Apply financial derivatives such as forwards and options to hedge against foreign exchange and interest rate risks in corporate settings.
○ Critically analyze the causes and consequences of financial crises and evaluate their implications for modern corporate financial management and regulation.
○ Evaluate equity financing decisions, including the process, valuation, and strategic considerations of initial public offerings (IPOs).
○ Understand the structure and features of debt instruments, including corporate bonds, and assess the risks and returns associated with debt financing.
○ Estimate a firm’s cost of capital and apply capital budgeting techniques such as Net Present Value (NPV), Internal Rate of Return (IRR), and Discounted Cash Flow (DCF) in investment decision-making.
○ Design working capital and cash flow management strategies that support operational efficiency and financial stability.
○ Apply financial derivatives such as forwards and options to hedge against foreign exchange and interest rate risks in corporate settings.
○ Critically analyze the causes and consequences of financial crises and evaluate their implications for modern corporate financial management and regulation.
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 4 質の高い教育をみんなに（Quality Education）
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 30 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 70 % |
| フィールドメソッド Field Method | 0 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
Course Prerequisites
○ Subject topics will be taught using case studies. Pre-reading is essential. It is recommended that participants spend at least 1 hours preparing for each case, including previewing the fundamental knowledge provided in the casebook. Assignment questions will be provided before class to facilitate understanding of related information and relevant case studies.
○ As part of the coursework, each participant needs to have access to a laptop equipped with the specified financial analysis software, such as Microsoft Excel, to ensure active participation in hands-on exercises, financial modeling.
Class Discussion
○ The course is designed to be highly interactive, with class discussions playing a pivotal role in reinforcing financial concepts. Through these discussions, participants will connect theoretical knowledge with practical financial decision-making.
Feedback Methods
○ During these sessions, participants can discuss their individual progress, seek clarification on any doubts, and obtain personalized guidance.
○ Subject topics will be taught using case studies. Pre-reading is essential. It is recommended that participants spend at least 1 hours preparing for each case, including previewing the fundamental knowledge provided in the casebook. Assignment questions will be provided before class to facilitate understanding of related information and relevant case studies.
○ As part of the coursework, each participant needs to have access to a laptop equipped with the specified financial analysis software, such as Microsoft Excel, to ensure active participation in hands-on exercises, financial modeling.
Class Discussion
○ The course is designed to be highly interactive, with class discussions playing a pivotal role in reinforcing financial concepts. Through these discussions, participants will connect theoretical knowledge with practical financial decision-making.
Feedback Methods
○ During these sessions, participants can discuss their individual progress, seek clarification on any doubts, and obtain personalized guidance.
授業スケジュール Course Schedule
第1日（Day1）
Introduction to Financial ManagementNavigating the Nexus: Risk & Return Dynamics
Review of Financial Statements
●使用するケース
Anandam Manufacturing Company: Analysis of Financial Statements第2日（Day2）
Synchronized Movements: The Symphony of Asset CorrelationEquity Financing and Initial Public Offerings (IPO)
●使用するケース
Alibaba's IPO Dilemma: Hong Kong or New York?第3日（Day3）
Crafting Financial Masterpieces: Portfolios & Their Foundational TheoriesDebt Financing (Features of debt securities, Risk associated with investing in bonds, Yield cuve)
●使用するケース
WorldCom, Inc.: Corporate Bond Issuance第4日（Day4）
Strategic Portfolio DesignCapital Structure and Cost of Capital
●使用するケース
Domino's Pizza Enterprises (Australia): Weighted Average Cost of Capital第5日（Day5）
Strategic Portfolio DesignFinancial Investment: ETF & Mutual Funds
●使用するケース
Exchange-Traded Funds at Vanguard (A)Exchange-Traded Funds at Vanguard (B)
第6日（Day6）
Financial Derivatives for Risk Hedging●使用するケース
F. Mayer Imports: Hedging Foreign Currency Risk第7日（Day7）
Navigating Fiduciary Duties and Stakeholder Fairness in Corporate Restructuring●使用するケース
Marriott Corp. (A)&(B)成績評価方法 Evaluation Criteria
*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
| 講師用内規準拠 Method of Assessment | Weights |
|---|---|
| コールドコール Cold Call | 0 % |
| 授業内での挙手発言 Class Contribution | 70 % |
| クラス貢献度合計 Class Contribution Total | 70 % |
| 予習レポート Preparation Report | 0 % |
| 小テスト Quizzes / Tests | 0 % |
| シミュレーション成績 Simulation | 0 % |
| ケース試験 Case Exam | 0 % |
| 最終レポート Final Report | 30 % |
| 期末試験 Final Exam | 0 % |
| 参加者による相互評価 Peer Assessment | 0 % |
| 合計 Total | 100 % |
評価の留意事項 Notes on Evaluation Criteria
教科書 Textbook
- Ronald W. Melicher, Edgar A. Norton「Introduction to Finance: Markets, Investments, and Financial Management」Wiley（2016）
参考文献・資料 Additional Readings and Resource
Zvi Bodie, Alex Kane and Alan Marcus「Essentials of Investments」McGraw-Hill（2022）
授業調査に対するコメント Comment on Course Evaluation
Teaching this course for the first time
担当教員のプロフィール About the Instructor
Refereed Articles
- (2025) Influential analysis of smart transportation policy on common prosperity using casual mediation effect inference. Case Studies on Transport Policy 21(101529):
- (2025) Mapping Extent of Spillover Channels in Monetary Space: Study of Multidimensional Spatial Effects of US Dollar Liquidity. International Journal of Financial Studies 13(2):
- (2025) How Has the Renminbi’s Role in Non-USD Currency Markets Evolved After COVID-19? An Analysis Based on Spillover Effects. International Journal of Financial Studies 13(1): 2227-7072
- (2024) Climate Change and Corporate Financial Performance. Journal of Risk and Financial Management 17(7): 1911-8066
- (2023) The Effect of ESG performance on the stock market during the COVID-19 Pandemic-Evidence from Japan. Economic Analysis and Policy 79 2204-2296