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Unit information: Fundamentals of Corporate Finance in 2020/21

Unit name Fundamentals of Corporate Finance
Unit code EFIMM0029
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Xu
Open unit status Not open
Pre-requisites

None

Co-requisites

None

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description

The unit introduces fundamental concepts in corporate finance. Topics covered include methods of investment project appraisal and factors shaping capital structure and dividend policies. The students are exposed to Modigliani-Miller irrelevance propositions and then study the impact of taxation and distress on financing choices.

Intended learning outcomes

Having successfully completed this unit students should be able to;

  • Describe, apply and evaluate the techniques that firms use in investment appraisal.
  • Derive and understand the core theories surrounding firms' capital structure policies.
  • Derive and understand the key theories of dividend policies.

Discuss and critically evaluate how those core theories hold up in practice.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Details

This unit will be assessed by 100% exam

Reading and References

Hillier, D., Grinblatt, M., and Titman, S. (2012), Financial Markets and Corporate Strategy, Second European Edition, McGraw-Hill.

Brealey, R. A., Myers, S. C., & Allen, F. (2014). Principles of Corporate Finance. Eleventh Global Edition, McGraw-Hill/Irwin.

Berk, J. and DeMarzo, P. (2014). Corporate Finance. Fourth Global Edition, Pearson.

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