MN20503: Intermediate corporate finance for managers
[Page last updated: 15 October 2020]
Academic Year: | 2020/1 |
Owning Department/School: | School of Management |
Credits: | 6 [equivalent to 12 CATS credits] |
Notional Study Hours: | 120 |
Level: | Intermediate (FHEQ level 5) |
Period: |
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Assessment Summary: | EX 100% |
Assessment Detail: |
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Supplementary Assessment: |
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Requisites: | Before or while taking this module you must ( take MN10500 AND take MN20502 ) OR take ES20070 |
Description: | Aims: This unit will explore theoretical issues in corporate finance and will enable students to understand the practical issues involved in a firm's investment and financing decisions. Learning Outcomes: By the end of this unit, the student should be able to: * Perform numerical analyses of investment appraisal and capital structure decisions. * Discuss the results of the aforementioned analyses. * Write management-style reports recommending optimal investment and financing policies, considering all of the issues involved. Skills: Intellectual skills * The ability to perform investment appraisal and capital structure techniques. * The ability to assess mergers and takeovers. * The ability to price options. Professional/practical skills. * The ability to present corporate finance decisions to management. Transferable/key skills * The ability to apply financial techniques to management decisions. Personal/interpersonal * The ability to communicate information regarding complex financial decisions to users of such information. Content: New Investment Appraisal (particularly decision trees, risk analysis, and real options) Cost of Capital (capital asset pricing model and arbitrage pricing models) The effect of capital structure on firm value (particularly the effects of managerial incentives and signalling on a firm's financing decisions) Optimum Capital Structure, with regard to tax, agency costs, and signalling. Convertible debt. Risk Management. Dividend Policy. Analysis of distressed companies. Takeovers. |
Programme availability: |
MN20503 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.
MN20503 is Optional on the following programmes:Department of Chemistry
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