BE311-5-AU-CO:
Corporate Finance
2024/25
Essex Business School
Colchester Campus
Autumn
Undergraduate: Level 5
Current
Thursday 03 October 2024
Friday 13 December 2024
15
12 August 2024
Requisites for this module
(none)
(none)
(none)
(none)
BE329, BE331, BE332, BE335, BE342, 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 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)
The purpose of this module is to provide an introduction to corporate financial decision making.
The aim of this module is:
- To give the students an introduction to the main concepts associated with corporate financial decision making
By the end of this module, students will be expected to be able to:
- Understand the concepts of value, net present value, and risk, and how to apply these in financial decision making.
- Understand the process of capital budgeting and the concept of efficient markets.
- Understand the fundamental principles of capital structure and payout policy.
- Understand the fundamental principles of option pricing theory and how to apply these in financial decision making.
Skills for Your Professional Life (Transferable Skills)
- Communication skills.
- Structured problem solving – how to structure a problem and break it down into manageable smaller bits.
This module's 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 payout 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.
This module is part of the Q-Step pathway. Q-Step is an award which you can gain simply by enrolling on specific modules and will signal to employers your capability in quantitative research. Learn more about the Q-Step pathway and enhance your degree now.
This module will be delivered via:
- One 2-hour lecture per week.
- One class per fortnight.
The fortnightly classes will be for students in smaller groups run by Assistant Lecturers. You will be informed of which group you belong to and what the dates are for your classes.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Online Test |
|
100% |
| Exam |
Main exam: In-Person, Closed Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Closed Book, 120 minutes during September (Reassessment 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.
Dr Norvald Instefjord and Liangrong Chunyu
ninstef@essex.ac.uk
Yes
Yes
No
No external examiner information available for this module.
Available via Moodle
Of 47 hours, 47 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
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