(SMAF0203) -  ΑΧΙΛΛΕΑΣ ΖΑΠΡΑΝΗΣ, ΑΝΤΩΝΙΟΣ ΑΛΕΞΑΝΔΡΙΔΗΣ, ΠΕΤΡΟΣ ΜΕΣΣΗΣ

Περιγραφή Μαθήματος

The course discusses the fundamental features of the Capital Asset Pricing Model  (CAPM) and the empirical evidence relating to the CAPM and the reasons why the academic community and practitioners are turning away from using the CAPM. Explains the key characteristics of multi-factor models, including the arbitrage pricing theory (APT) and the three-factor model and expresses a reasoned and balanced judgement of the risk-return relationship  in financial markets.

The course explains the function of stock markets, and discusses issues such as raising equity capital, long-term debt finance, short- and medium-term finance, treasury and working capital management and stock market efficiency. Furthermore, the course explains the nature of derivatives and the distinction between different kinds of derivatives, and demonstrates their application in a wide variety of areas.

The course shows the value of forwards, futures, FRAs, swaps, caps and floors markets by demonstrating transactions which manage and transfer risk. Furthermore the course explains the role and importance of the foreign exchange markets, describes hedging techniques to reduce the risk associated with transactions entered into in another currency, considers methods of dealing with the risk that assets, income and liabilities denominated in another currency, when translated into home-currency terms, are distorted, describes techniques for reducing the impact of foreign exchange changes on the competitive position of the firm and it outlines the theories designed to explain the reasons for currency changes.

Ημερομηνία δημιουργίας

Πέμπτη 28 Ιανουαρίου 2021