Problématique des choix d'investissement - financementStratégie d'Entreprise (ERE)

Know: • Integration of investment into the overall strategic management of the company • The fundamental relationship between profitability and financial risk and its translation into interest rates and expected returns on financial assets • Financing of investments • Investment financing choices Master • Identification and construction of investment performance indicators • Informed arbitration between competing investment options

• Investment and business strategy • The financial asset valuation model, CAPM – Capital Investments Pricing Model, and the fundamental profitability-risk relationship of financial market assets • The leverage effect of debt on profitability and corporate risk – reminder • The components of an interest rate • From result to cash flow – reminder • Problems of updating future cash flows and weighted average cost of capital • Borrowings with linear repayments, loans with "final" repayments, loans with annuities or constant monthly payments: calculation of financial cost and impact on cash flow • Summary indicators of the expected performance of an investment: Actual value Nette – VAN -, Internal rate of return – TRI, Time to recover the Investment Capital • Available sources of financing for a business start-up, innovation financing, equipment financing project • The study of the financial balance in the choice of investment with the implementation of the financing plan. • Investment choice support modeling: IT spreadsheet implementation of an investment performance measurement application • Use of the model for decision-making

Table Control (Duration 1h30)