Course Details in

Module Title	LM Entrepreneurial Finance
School	Birmingham Business School
Department	Economics
Module Code	07 28821
Module Lead	Dr Samer Adra
Level	Masters Level
Credits	10
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	Optional module for MSc Financial Management
Exclusions
Description	This module deals with private equity and venture finance from the inception of a project idea, or investment, to the harvesting of the project, or investment (exiting). The first half of the module deals with the institutional backgrounds of new venture financing and the differences between entrepreneurial and ‘traditional’ corporate finance. The second half covers aspects of initial valuation and alternative ways of harvesting equity investment in a project. In particular, initial public offerings (IPOs) process and financial performance of venture-backed companies are considered.
Learning Outcomes	By the end of the module students should be able to: demonstrate a comprehensive knowledge and understanding of various financial and ownership aspects of private equity and venture capital investments; apply various valuation techniques in private equity settings; show a systematic understanding of how firms make initial public offerings and the cost of such offerings; and critically evaluate short and long term performance of venture capital-backed companies.
Assessment	28821-01 : Group Report : Group Assessment - Coursework (30%) 28821-02 : 28821 Main Summer Exam : Exam (Centrally timetabled) - Computer based (50%) 28821-04 : Continuous Assessment : Coursework (20%)
Assessment Methods & Exceptions	Main assessment: Continuous assessment (20%), Group report 3,000 words (30%) & 1 hour exam (50%). Re-assessment: MCQ (20%), 750 word individual assignment (30%) & 1 hour exam (50%). Students only resit the failed component
Other	None
Reading List