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; (1) the financing decision, (2) the investment
decision and, (3) 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.
5. Appreciate the linkages between finance and other key business disciplines.
Indicative Module Content:
Topic 1 - The Time Value of Money
Topic 2 - Corporate Finance - Setting the Scene
Topic 3 - Bond and Stock Valuation
Topic 4 - Risk and Return
Topic 5 - The Cost of Capital
Topic 6 - Capital Budgeting
Topic 7 - Debt Policy/Capital Structure
Topic 8 - Payout Policy
Topic 9 - Mergers and Acquisitions
Topic 10 - Case study about Mergers, Acquisitions, and Corporate Control