FIN20050 Corporate Finance

Academic Year 2022/2023

In this subject we build on the corporate finance content of a previous introductory finance course. We cover the theory, practice and evidence on corporate investment and financing decisions: capital budgeting, capital structure, cost of capital, raising finance, dividend policy, agency issues, Mergers and Divestments, corporate control and governance.

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Curricular information is subject to change

Learning Outcomes:

On completing this module students will be expected to be able to: - Explain theory on capital structure, dividend policy and agency issues, and the extent to which it holds in reality.- Apply the techniques associated with capital budgeting, such as calculating an appropriate cost of capital, in a real-world setting. - Critically appraise the extent to which agency issues and corporate governance affect corporate financing and investment decisions.- Describe the various approaches used by firms to raise finance and demonstrate an understanding of the benefits of the various sources of finance. Acquire a developed understanding of the techniques employed to assess both proposed mergers and divestments. Have a good understanding of the issues relating to corporate governance.

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Specified Learning Activities

20
Autonomous Student Learning

60
Total

104
Approaches to Teaching and Learning:
Active/task-based learning; peer and group work; lectures; critical writing; reflective learning; enquiry & problem-based learning; case-based learning.
 
Requirements, Exclusions and Recommendations
Learning Requirements:

Students must have taken and passed FIN20010 Principles of Finance (or a similar introductory finance course).


Module Requisites and Incompatibles
Equivalents:
Corporate Finance (FIN30250)


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Assignment: Company Report Unspecified n/a Graded No

30
Examination: Final Examination 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

70

Carry forward of passed components
Yes
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

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