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Corporate finance

M421

In this module you will study the main issues in modern corporate finance. It will enable you to relate principles and practice to the financing decisions of enterprises in modern economies.

You will also analyse the decisions firms make about financing their investments in productive capital.

Topics covered

  • Unit 1: Perspectives on Corporate Finance
  • Unit 2: Net Present Value and Capital Budgeting Decisions
  • Unit 3: Risk, Capital Market Equilibrium and Capital Budgeting Decisions
  • Unit 4: Efficiency of Capital Markets and Implications for Corporate Financing Decisions
  • Unit 5: Dividend Policy
  • Unit 6: Capital Structure I
  • Unit 7: Capital Structure II: Information Asymmetries and Agency Costs
  • Unit 8: Mergers

Assessment

  • one three-hour unseen written examination (70%)
  • two tutor marked assignments (30%)

Essential reading

  • Hillier, D, S Ross, R Westerfield, J Jaffe, & B Jordan (2016) Corporate Finance, 3rd Edition, McGraw-Hill Education.