Accounting and Finance

Corporate and International Finance (Elective)

Module code: N1563E
Level 5
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Computer based exam, Coursework

In this module, we’ll help you to foster critical understanding of the important ideas and analytical tools used in corporate financial decision making.

You’ll develop an appreciation of the challenges to implementing these ideas and tools through debate in the corporate finance literature and events reported in the financial press.

Lectures will cover topics such as:

  • the corporation
  • the nature of financial decision making
  • interest rates
  • valuing bonds
  • investment decision rules
  • capital budgeting
  • valuing stocks
  • capital markets and the pricing of risk
  • portfolio choice and the capital asset pricing model
  • the cost of capital
  • investor behaviour and capital market efficiency
  • capital structure in a perfect market
  • debt and taxes
  • financial distress
  • managerial incentives and information
  • payout policy
  • mergers and acquisitions.

Module learning outcomes

  • Demonstrate understanding of the essential principles and analytical tools of corporate finance
  • Critically discuss and evaluate these principles and analytical tools
  • Relate the principles and tools, and the debates surrounding them, to today's events, appreciating the difficulties of applying the theory to the real world.
  • Demonstrate the ability to form judgments and take decisions in the face of uncertainty while armed with inadequate ideas and tools.