BE311-5-SP-CO:
Corporate Finance
2020/21
Essex Business School
Colchester Campus
Spring
Undergraduate: Level 5
Current
Sunday 17 January 2021
Friday 26 March 2021
15
07 October 2020
Requisites for this module
BE300 or EC111 or IA712
(none)
(none)
(none)
BE329, BE331, BE332, BE335, BE630, BE634, BE937
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad),
BSC N233 Actuarial Science (Including Placement Year),
BSC N323 Actuarial Science,
BSC N324 Actuarial Science (Including Year Abroad),
BSC N325 Actuarial Science (Including Foundation Year),
BSC N390 Banking and Finance,
BSC N391 Banking and Finance (Including Foundation Year),
BSC N392 Banking and Finance (Including Placement Year),
BSC NH90 Banking and Finance (Including Year Abroad),
BSC N300 Finance,
BSC N301 Finance (Including Foundation Year),
BSC N302 Finance (Including Year Abroad),
BSC N304 Finance (Including Placement Year),
BSC GN13 Finance and Mathematics,
BSC GN15 Finance and Mathematics (Including Placement Year),
BSC GN18 Finance and Mathematics (Including Foundation Year),
BSC GN1H Finance and Mathematics (Including Year Abroad),
BSC N344 Finance and Management,
BSC N345 Finance and Management (Including Year Abroad),
BSC N346 Finance and Management (Including Placement Year),
BSC N347 Finance and Management (Including Foundation Year),
LLB MN10 Law with Finance,
LLB MN11 Law with Finance (Including Year Abroad),
LLB MN12 Law with Finance (Including Placement Year),
BSC N355 International Business and Finance,
BSC N356 International Business and Finance (Including Placement Year),
BSC N357 International Business and Finance (Including Year Abroad),
BSC N358 International Business and Finance (Including Foundation Year),
MSCIN399 Actuarial Science and Data Science
The purpose of this module is to introduce the students to the corporate financial decision making. The focus is on the two major types of corporate decisions: investment decisions (spending capital) and financing decisions (raising capital). We will also present the fundamental theory of pay-out policy and capital structure and introduce option pricing theory as a tool for valuing corporate flexibility. Finally, we review some smaller topics: debt financing, risk management, working capital management, and corporate restructuring.
The module aims to give the students an introduction to the net present value concept, which is a key tool for corporate financial decision making.
On successful completion of the module, students will be able to:
1. Demonstrate the understanding of, and apply, net present value as a tool for corporate decision making.
2. Demonstrate an understanding of, and apply, the fundamental principles of capital structure and pay-out policy.
Skills for Your Professional Life (Transferable Skills)
The students will learn to structure and break down a problem before solving it in manageable bits. Also, students will learn communication skills.
1. There will be a double lecture week 1 – 6 and 8 – 10.
2. There will be a single tutorial for all students in week 1 – 10.
In academic year 2020-2021 the delivery is likely to be different and involve online learning.
This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Written Exam |
IN CLASS TEST |
|
|
| Exam |
Main exam: 24hr during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Norvald Instefjord, email: ninstef@essex.ac.uk.
Norvald Instefjord & Yiwei Li
ebsugcol@essex.ac.uk
Yes
Yes
No
Dr Apostolos Kourtis
The University of East Anglia
Senior Lecturer in Finance
Available via Moodle
Of 1625 hours, 0 (0%) hours available to students:
1625 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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