Unit name | Corporate Finance |
---|---|
Unit code | EFIMM0111 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Kim |
Open unit status | Not open |
Pre-requisites |
Financial Management (AFM) Finance (EFM) |
Co-requisites |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
This unit aims to provide students with a well-rounded picture of firms’ investment decisions and financing decisions. Building on the basic tools introduced in TB1 pre-requisite units, the unit explores various topics in corporate finance. They include capital budgeting problems, the effect of capital market imperfections on the firms’ investment and financing decisions, the use of real options in project evaluation, mergers and acquisitions, and security offerings. The unit will be delivered via a mix of lectures, tutorials, and exercise lectures, as well as case studies and additional readings where appropriate.
On successful completion of the unit, students will be able to
(ILO-1) describe main questions of corporate finance, discuss underlying economic theories, and apply numerical techniques to analyse problems.
(ILO-2) discuss the key aspects of project evaluation and demonstrate a good command of valuation methods including real-option approach.
(ILO-3) explain market imperfections and their implications for firms’ investment and financing decisions drawing on appropriate theoretical frameworks and empirical evidence.
(ILO-4) discuss important issues and institutional details surrounding corporate activities, such as mergers and acquisitions and security offerings, and analyse related problems.
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
This unit will be assessed by 100% exam
Berk and DeMarzo, 2017, Corporate Finance, 4th Edition, Prentice-Hall
Ross, Westerfield, and Jaffe, 2016, Corporate Finance, 11th Edition, McGraw-Hill
Hillier, Grinblatt and Titman, 2012, Financial Markets and Corporate Strategy, 2nd Edition, McGraw-Hill
Case study materials (to be distributed)