| 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
Misson 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.
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
○ Analyze Financial Markets and Instruments: Examine the structure, functions, and dynamics of financial markets, institutions, and instruments in a global context.
○ Apply Securities Pricing Models: Utilize valuation models to assess asset prices and investment decisions.
○ Evaluate Cost of Capital: Calculate and interpret the Weighted Average Cost of Capital (WACC) and its implications for corporate financing and investment strategies.
○ Understand Foreign Exchange Markets: Analyze exchange rate mechanisms, currency risks, and the impact of macroeconomic factors on global financial markets.
○ Implement Financial Risk Management: Apply advanced risk management techniques using financial derivatives, including options, futures, and swaps.
○ Assess Alternative Investments: Explore the characteristics, risks, and returns of alternative assets such as hedge funds, private equity, and real estate.
○ Make Strategic Financial Decisions: Develop critical decision-making skills to optimize capital allocation, manage financial risks, and enhance corporate value in complex financial environments.
○ Apply Securities Pricing Models: Utilize valuation models to assess asset prices and investment decisions.
○ Evaluate Cost of Capital: Calculate and interpret the Weighted Average Cost of Capital (WACC) and its implications for corporate financing and investment strategies.
○ Understand Foreign Exchange Markets: Analyze exchange rate mechanisms, currency risks, and the impact of macroeconomic factors on global financial markets.
○ Implement Financial Risk Management: Apply advanced risk management techniques using financial derivatives, including options, futures, and swaps.
○ Assess Alternative Investments: Explore the characteristics, risks, and returns of alternative assets such as hedge funds, private equity, and real estate.
○ Make Strategic Financial Decisions: Develop critical decision-making skills to optimize capital allocation, manage financial risks, and enhance corporate value in complex financial environments.
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）
Stock Market Dynamics●使用するケース
Next Capital: Leveraging Opportunities in the Hong Kong IPO Market第2日（Day2）
Fixed-Income Securities and Yield Curve●使用するケース
Alibaba's Bonds Dilemma: Location, Timing, and Pricing第3日（Day3）
Cost of Capital and Capital Structure●使用するケース
Domino's Pizza Enterprises (Australia): Weighted Average Cost of Capital第4日（Day4）
Alternative Investments: Mutual Funds, Hedge Funds, Private Equity, ETFs, and REITs●使用するケース
1. Feehan Investment Management: Hedge Fund or Mutual Fund?2. Lyxor ChinaH Versus Lyxor MSIndia: Portfolio Risk and Return
第5日（Day5）
Strategic Portfolio Design: Navigating the Efficient Frontier●使用するケース
Partners Healthcare第6日（Day6）
Purchasing Power Parity and the Foreign Exchange Market●使用するケース
1. Pixonix Inc. - Addressing Currency Exposure2. Financial Crisis in Asia: 1997-1998 (Abridged)
第7日（Day7）
Financial Risk Management in Global Markets●使用するケース
The 2007-2008 Financial Crisis: Causes, Impacts and the Need for New Regulations*NOTE: Case selection might change during the actual course.
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) 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
- (2023) Spillover effect of the RMB and Non-USD currencies after the COVID-19 pandemic: Evidence captured from 30-minute high frequency data. International Review of Economics & Finance 84 1059-0560
- (2022) Smart assessment and forecasting framework for healthy development index in urban cities. Cities 131(Cities): 1873-6084