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Unit information: Advanced Corporate Finance in 2022/23

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Advanced Corporate Finance
Unit code EFIM30020
Credit points 10
Level of study H/6
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Ozkan
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

Principles of Finance (EFIM20044)

Units you must take alongside this one (co-requisite units)

Financial Markets (EFIM30019)

Units you may not take alongside this one

None

School/department School of Accounting and Finance - Business School
Faculty Faculty of Social Sciences and Law

Unit Information

This module covers advanced topics on corporate financing decision and how information asymmetry and conflicts of interests among various claimants influence corporate policies. Topics covered include optimal capital structure, financial distress, share repurchases, initial public offerings (IPOs), interaction of corporate strategy and financing, corporate governance, mergers and acquisitions, and real options.

Your learning on this unit

On successful completion of this unit a student will be able to:

  • understand how firms make decisions on their capital structure considering information asymmetry and conflicts of interests among various claimants.
  • understand how firms decide whether they should do share repurchase or pay dividends.
  • Understand which factors influence mergers and acquisitions decisions.
  • Understand how corporate governance mechanisms can influence mergers and acquisitions.
  • Understand which factors explain IPO underpricing.
  • Understand how firms use real options in evaluating projects.

How you will learn

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

How you will be assessed

Formative: Students do group presentations and hand in their answers for tutorial sets.

Summative: 100% 1.5 hour exam

All learning objectives are assessed by both summative and formative assessment

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30020).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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