Unit name | Corporate Finance and Valuation |
---|---|
Unit code | EFIM20042 |
Credit points | 20 |
Level of study | I/5 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Li |
Open unit status | Not open |
Pre-requisites |
Mathematics for Economics Probability, Statistics and Econometrics Financial Markets, Institutions and Instruments Risk and Return |
Co-requisites |
Asset Markets |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
This unit aims to equip students with the fundamental concepts and tools underlying the Corporate Finance side of modern finance.
The unit identifies the driving forces behind capital structure decisions and choices over debt and equity finance. Students will be exposed to the relevant models of corporate financial policy under market imperfections (taxes, informational asymmetries and agency problems, etc.), and analyse/discuss, among others, the implications of corporate and personal taxes for firms’ capital structure choices, the possible costs of financial distress, the incentives involved in financial decisions and the signalling impact of those for financial market participants. The unit also covers some specific topics in corporate finance, such as mergers and acquisitions, decision to go public, start-up finance, and real-option valuation approach.
On successful completion of the unit, students will be able to:
22 hours lectures
5 hours exercise lectures
10 hours small group classes
Formative assessment: problem sets will be circulated.
Summative assessment
2.5 hour closed book examination. This assesses all learning outcomes.
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. EFIM20042).
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.