Corporate Finance - BUSN8020

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Spring Term 7 15 (7.5) David Morelli checkmark-circle

Overview

The module will develop students' understanding of corporate finance theory and its applications to the main problems faced by financial managers and corporate decision makers. The main topics that will be covered include corporate capital budgeting, investment decisions under uncertainty, cost of capital, sources of finance, capital structure, dividend policy and mergers and acquisitions (M&A) decisions.

Details

Contact hours

Total contact hours: 36
Private study hours: 114
Total study hours: 150

Method of assessment

Main assessment methods:
Group presentation (30%)
Individual Report (2500 words) (70%)

Reassessment method:
100% coursework

Indicative reading

Damodaran, A (2015). Applied Corporate Finance, 4th edition. John Wiley & Sons. ISBN-10: 1118808932
Berk and DeMarzo (2016). Corporate Finance, 4th edition, Global Edition. Pearson, ISBN-10: 1292160160
Brealey, R., Myers S., & Allen F. (2020). Principles of Corporate Finance. 13th edition. McGraw-Hill, ISBN: 978-1-260-56555-3.

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- demonstrate a systematic knowledge and understanding of various finance theories and concepts;
- demonstrate a comprehensive knowledge and understanding of empirical studies within the field of finance and the ability to interpret and evaluate results from such studies;
- identify, find, select, record, organise and manipulate complex knowledge and data relevant to issues and tasks within finance;
- apply quantitative techniques for solving complex problems within a finance context;
- demonstrate a comprehensive knowledge of the agency model and its applications in finance and the firm in general.
- recognise the sources of positive net present value and understand how financial management can create value for the firm.
- recognise the incentives for and mechanics of issuing and retiring securities.
- demonstrate a comprehensive knowledge and understanding of corporate capital structure and dividend policy and be able to critically analyse the factors that influence these corporate policies;
- demonstrate a systematic knowledge of mergers/takeovers and a critical understanding of influencing factors and acquisition funding.


The intended generic learning outcomes.
On successfully completing the module students will be able to:
- analyse compare, discuss, critically evaluate various theories. To structure, develop and defend complex arguments orally and in writing;
- plan work, use relevant sources and study independently;
- ensure appropriate formats are selected for presentation of work, which includes the acknowledgement and reference of sources;
- analyse structured and unstructured problems;
- work within groups, share ideas with each other and discuss the relevant issues/results by positively responding to constructive criticism;
- locate, extract, and critically analyse data from different sources.

Notes

  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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