Strategic Financial Management-II

I Security Analysis
• Fundamental analysis - Economic analysis, Industry analysis and Company Analysis, Bond valuation, Price Yield relationship, Bond Price forecasting – application of duration and convexity, Yield curve strategies
• Technical Analysis – market cycle model and basic trend identification, different types of charting, support and resistance, price patterns, moving averages, Bollinger Bands, momentum analysis.
Valuation of Securities- Valuation of Equity Shares and Bonds, Price Yield relationship, Bond Price forecasting – application of duration,and convexity, Yield curve strategies

II Portfolio Theory and Asset Pricing
Efficient Market Theory – Random walk theory ; Markowitz model of risk return optimization.
Capital Asset Pricing Model (CAPM)
Arbitrage Pricing Theory (APT)
Sharpe Index Model
Portfolio Management - Formulation, Monitoring and Evaluation
Equity Style Management
Principles and Management of Hedge Funds
International Portfolio Management.

III Financial Services in India
Investment Banking, Retail Banking, On Line Share Trading, Depository Service
Mutual Funds: Regulatory framework, formulation, monitoring and evaluation of various schemes of Mutual funds, Money market mutual funds.
Exchange Traded Funds.

IV Money Market operations
Foreign Direct Investment, Foreign Institutional Investment.
International Financial Management
Raising of capital abroad - American Depository Receipts, Global Depository Receipts, External Commercial Borrowings and Foreign Currency Convertible Bonds
International Capital Budgeting.
International Working Capital Management.
Foreign Exchange Exposure and Risk Management
Exchange rate determination, Exchange rate forecasting, Foreign currency market.
Foreign exchange derivatives – Forward, futures, options and swaps
Management of transaction, translation and economic exposures Hedging currency risk.

V Mergers, Acquisitions and Restructuring
Meaning of mergers and acquisition, categories, purposes.
Process of mergers and acquisition – Identification and valuation of the target, acquisition through negotiation, due diligence, post – merger integration.
Legal and regulatory requirements
Merger and Acquisition agreement
Reverse merger
Potential adverse competitive effects of mergers.
Corporate Takeovers: Motivations, Co-insurance effect, Cross-border takeovers, Forms of takeovers, Takeover defenses.
Going Private and Other Control Transactions: Leveraged Buyouts (LBOs), Management Buyouts (MBOs), Spin Offs and Asset Divestitures
Corporate Restructuring : Refinancing and rescue financing, reorganizations of debtors and creditors, Sale of assets, targeted stock offerings, downsizing and layoff programmes, negotiated wage give-backs, employee buyouts.