Learning Outcomes:
On completion of this module students should: -
1. Understand why shareholder wealth maximisation is considered to be the primary objective of a business.
2. Achieve a good practical understanding of the 3 principal financial decisions that flow from shareholder wealth maximisation, namely
i) the financing decision,
ii) the investment decision, and,
iii) the dividend decision.
3. Appreciate the theoretical principles associated with the 3 principal financial decisions.
4. Develop an understanding of functional financial decisions, such as mergers and asset valuation.