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Module Title
LM Entrepreneurial Finance
School
Birmingham Business School
Department
Birmingham Business School
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