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Module Title LM Advanced Corporate Financial Management
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 26688
Module Lead Patricia Chelley-Steeley
Level Masters Level
Credits 20
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions Available to only students on the MSc Financial Management programme.
Contact Hours Lecture-0 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-0 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description This module aims to extend the discussions of the topics covered in the Corporate Financial Management module in Semester 1 and give students a deeper knowledge and understanding of advanced corporate finance theories. Topics covered in the module include theory of choice under uncertainty without, and with, capital markets, portfolio allocation, asset and option pricing models (including CAPM, APT and Black-Scholes option pricing model), efficient market hypothesis, foreign direct investment and multinational capital budgeting, lease or buy decision, mergers and acquisitions and behavioural finance.
Learning Outcomes By the end of the module students should be able to:
  • critically evaluate the effects of investment and financing decisions of firms on their market values under uncertainty;
  • critically apply a range of asset and option pricing models and know their strengths and limitations;
  • assess efficiency of financial markets;
  • critically evaluate the impacts of mergers and acquisitions on the financial performance of firms; and
  • demonstrate critical knowledge and understanding of the key issues in the behavioural finance literature.
Assessment 26688-01 : Coursework : Coursework (25%)
26688-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions Assessments:
An individual assignment containing not more than 2,000 words (25%) and a 3-hour closed book examination (75%).

Reassessment:
A 3-hour closed book examination (100%).
Other
Reading List