BE350-7-SP-CO:
Corporate Finance

The details
2019/20
Essex Business School
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 13 January 2020
Friday 20 March 2020
20
25 September 2019

 

Requisites for this module
(none)
(none)
(none)
(none)

 

(none)

Key module for

MSC N39012 Finance and Investment,
MSC N39024 Finance and Investment,
MSC N30212 Finance and Management

Module description

The purpose of this module is to give a standard introduction of the field of corporate finance at the postgraduate level. The first part of this module looks at the classical areas of Modigliani-Miller irrelevance, Taxes and capital structure, Trade-off theory and Pecking order theory of capital structure. The second part looks at the more modern areas, which are essentially based on contract theory. Here we look at agency based models and asymmetric information based models of corporate finance. The final part looks at empirical evidence - some time will be allocated to the area of financial constraints - and if time permits, some special topics in corporate finance such as corporate restructuring (mergers, takeovers, workouts, buyouts etc). This is not an introductory Module.

Module aims

The module aims primarily to introduce students to the roles of agency costs and information asymmetries in corporate financial decision making.

Module learning outcomes

On successful completion of the module, students will be able to:
1. Understand, demonstrate knowledge of, and solve problems related to capital structure

2. understand, demonstrate knowledge of, and solve problems related to agency costs and information cost of financing

3. understand, demonstrate knowledge of and solve problems related to financial constraints and various topics covered in the lectures

Module information

Skills for Your Professional Life (Transferable Skills)

The module will teach students communication skills and problem solving skills, in particular how to structure and break down a large problems into smaller manageable bits.

Learning and teaching methods

There will be a double lecture and a single tutorial each week.

Bibliography

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 Weighting
Written Exam In-class Test 100%
Exam 120 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
30% 70%

Reassessment

Coursework Exam
0% 100%
Module supervisor and teaching staff
Norvald Instefjord and Yiwei Li
ebspgtad@essex.ac.uk

 

Availability
Yes
No
No

External examiner

Dr Nikolaos Papanikolaou
Bournemouth University
Senior Lecturer in Accounting & Finance
Resources
Available via Moodle
Of 34 hours, 22 (64.7%) hours available to students:
12 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Essex Business School

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