Corporate Finance

Module overview

This module acquaints students with the main concepts, methods and insights in corporate finance at the graduate level. It focuses on firms' financial decision-making and its effect on corporate profits and valuations. Particular emphasis will be placed on the role of asymmetric information in financial decision-making in determining valuations, marekt outcomes and welfare.

Aims and Objectives

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

Use quantitative reasoning to evaluate decisions

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

apply adequate analytical methods to determine optimal financial decsions for corporations
value corporations based on their financial choices

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

key concepts and analytical methods in current corporate finance
the effect of distortions, especially informational distortions, on optimal and actual financial decisions
the consequences of financial decisons made by corporations on their valuations

Learning and Teaching

Teaching and learning methods

Lectures and masterclasses

Study time
Type	Hours
Independent Study	80
Teaching	20
Total study time	100

Resources & Reading list

General Resources

Other course information (including reading and lecture material) available via Blackboard.

Textbooks

Tirole J (2006). The Theory of Corporate Finance. Princeton University Press.

Brealey R, Myers SC and Allen F (2020). Principles of Corporate Finance. McGraw-Hill.

Assessment

Assessment strategy

Assessment in this module is through final exam (worth 80% of final mark) and mid-term test (20%). This is supported by continuous formative assessment through exercises and problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through 100% end of module written examination as well.

Summative

This is how we’ll formally assess what you have learned in this module.

Breakdown
Method	Percentage contribution
Mid-term test	20%
Final Exam	80%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
Method	Percentage contribution
Final Exam	100%

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Breakdown
Method	Percentage contribution
Final Exam	100%

Repeat Information

Repeat type: Internal & External