CORPORATE FINANCE - 2017/8

Module code: MANM199

Module provider

Surrey Business School

Module Leader

PETMEZAS D Prof (SBS)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 7

JACs code

N300

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Independent Study Hours: 117

Lecture Hours: 22

Tutorial Hours: 11

Assessment pattern

Assessment type Unit of assessment Weighting
Examination EXAM - 2 HOURS- CLOSED BOOK 60
Coursework GROUP PRESENTATION AND REPORT (2000 WORDS) 40

Alternative Assessment

Individual Assignment of 3000 words.

Prerequisites / Co-requisites

None

Module overview

This module is a continuation of earlier Foundation of Finance module and further develops finance for students interested in corporate finance.  The module is to demonstrate the link between those various decisions and areas.  In particular, we will explore how the firm’s financing, investment, capital structure and payout policies interact with each other and how those decisions have implications for corporate bankruptcy and takeovers.

Module aims

The main aim of this module is to provide a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles to long-term strategic decision making. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence.

Learning outcomes

Attributes Developed
Advanced knowledge and critical understanding of essential components of modern corporate finance and associated current research. KCT
Explored, understood and appreciated the complexity and contradictions of the current academic literature and its implications for professional practice, and be able to identify open questions for their own research. K
Demonstrated ability to learn and work independently in corporate finance, exercising critical judgement and discrimination in the resolution of complex problematic situations. KC
Used specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in corporate finance. KC
Had the opportunity to apply problem solving and analytical skills to issues in corporate finance. KC
Written Communication – e.g. by writing summative assignments KCT
Interpersonal Communication – e.g. by actively participating in lectures and seminars; by preparing and giving group presentations; by writing a group report. KCT
Oral Communication – e.g. by presenting in seminars. KCT
Teamwork – e.g. by preparing for seminars in groups. KCT
Planning, Organising and Time Management – e.g. by preparing work for seminars; downloading handouts before relevant lectures; observing strict deadlines for summative work. KCT
Problem Solving and Analysis – e.g. by using a logical and analytical approach to answer question in preparation for seminars and case study. KCT
Using Initiative - e.g. by organising teamwork and group presentations; searching relevant literature and information in preparation of summative work. KCT
Numeracy – e.g. by being exposed to empirical applications in finance; applying core mathematical and statistical skills to answer a range of tutorial questions. KCT
Computer Literacy – e.g. by word-processing summative assignments; accessing and downloading from SurreyLearn teaching material; using e-mail to communicate with tutors and other students; using library on-line facilities and the web to search for literature. Finally, making use of the School Finance Databases, such as Datastream and Bloomberg. KCT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:


Risk and corporate capital budgeting
Source of finance and cost of capital
Information Asymmetry, Corporate Governance and Agency Theory
Corporate capital structure
Corporate dividend policy
Mergers and acquisitions
Divestitures
Spin-offs
Company Valuation

Methods of Teaching / Learning

The teaching and learning strategy is designed to allow students to come to grips with the essential quantitative nature of the subject, and more importantly, to facilitate the application to practical problems.

The teaching and learning methods include formal lecture and tutorials, use of case studies and exercises to reinforce and test learning and the use of SurreyLearn to facilitate teaching, enhance the learning outcomes and direct students to the relevant reading in the set textbooks and in journal articles.

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to obtain advanced knowledge and critical understanding of essential components of modern corporate finance by reading through their textbooks and other academic journals, improving their team-working skills and communications skills.

Thus, the summative assessment for this module consists of:


Coursework of 2000 words and Group Presentation (40% of the total mark), which gives the opportunity to students 1) to learn how to search the electronic library in order to find academic articles which are necessary to write the assignment, 2) to improve their communication skills, as they have to present their work in front of all other students, 3) to improve their team-working skills, as this is the product of a team-work and 4) learn how to do a good time-management, as they need to manage their time as a team in order to have the work ready.


Deadline for the submission of the assignment and presentation of the work is the Week 6.


Exam, which accounts for the 60% of the total mark and consists of 4 questions from different topics of the taught material where students have to answer 2 questions.


The exam takes place after the 11 teaching weeks.

Formative assessment and feedback

Students receive verbal feedback on their performance in tutorials.

Reading list

Reading list for CORPORATE FINANCE : http://aspire.surrey.ac.uk/modules/manm199

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Accounting and Finance MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
Corporate Finance MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
Investment Management MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module
Economics and Finance MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.