This module aims to give students critical knowledge and understanding of finance theories and the key issues in corporate financial management.
In order to give students a deeper knowledge and understanding of corporate finance theories, the module will also cover theory of choice under uncertainty without, and with, capital markets, asset and option pricing models, efficient market hypothesis, theories and techniques of valuation of options, shares and acquired companies, mergers and acquisitions and behavioural finance. Sustainable/green financing and emerging markets finance will also be considered.
Learning Outcomes
By the end of the module students should be able to:
Appraise project investment proposals and critically evaluate the effects of investment decisions of firms on their market values under certainty and uncertainty.
Employ different techniques of valuation of stocks, bonds and options
Assess the potential impacts of financing and dividend decisions of firms on their costs of capital and market values. The students should also have critical knowledge and understanding of the capital structure and dividend policy literatures.
Critically apply a range of asset and option pricing models and know their strengths and limitations;
Assess efficiency of financial markets; and demonstrate critical knowledge and understanding of the key issues in the mergers and acquisitions, behavioural finance and digital finance.
Assessment
36325-01 : Individual Case Study : Coursework (50%)
36325-02 : Exam : Exam (Centrally Timetabled) - Mixed (50%)
Assessment Methods & Exceptions
Assessment: 1,500 word individual assignment (50%) 2-hour written examination (50%)
Reassessment: Students who fail the module will resit the failed component(s) only.