Course Details in 2022/23 Session

Module Title	LM Alternative Finance
School	Birmingham Business School
Department	Finance
Module Code	07 37212
Module Lead	Module lead: Dr Samer Adra
Level	Masters Level
Credits	20
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	None
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) and mergers and acquisitions (M&As) processes, as well as financial performance of venture-backed companies, are considered. A rich set of case studies is presented to familiarise students with relevant and practical considerations in IPOs and M&As. This part will also cover a wide range of alternative financing strategies that exist in the growing field of Islamic Finance. It will also address the design and structuring of Sharia-compliant products. Moreover, the module will cover the challenges that socially responsible start-up companies face in the modern digital age in both traditional markets and Islamic ones.
Learning Outcomes	By the end of the Module, students should be able to: First Bullet point. critically explain various financial and ownership aspects of private equity and venture capital investments; apply various valuation techniques in private equity and venture capital settings; critically examine how firms make initial public offerings and the cost of such offerings; critically evaluate short- and long-term performance of venture capital-backed companies; identify and critically appraise the differences between the traditional finance and Islamic finance; evaluate the rich set of challenges the start-up companies face in the digital age in both traditional and Islamic markets
Assessment	37212-01 : Individual Assignment 1 : Coursework (50%) 37212-02 : Individual Assignment 2 : Coursework (50%)
Assessment Methods & Exceptions	Method of Assessment: A 2,000 words individual assignment (50%) and a 2,500 words individual assignment (50%). Method of Reassessment: Students who fail the module will resubmit the failed component(s) only.
Other	None
Reading List