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Unit information: International Corporate Finance and Governance in 2020/21

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Unit name International Corporate Finance and Governance
Unit code EFIMM0123
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Neufeld
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 aim of this unit is to provide an understanding (from both a theoretical and empirical standpoint) of the corporate financial decision making in an international context rather than focusing only in an Anglo-Saxon corporate governance system.

Intended learning outcomes

  1. Explore and analyze different sources of financing available to firms.
  2. Critically assess how firms decide on which source of financing to utilize considering various firm-specific, manager-specific, and country-specific characteristics.
  3. Critically assess the role of various non-financial stakeholders including customers, suppliers and labour unions in corporate financial decision making.
  4. Understand how firms decide about their IPO (initial public offering) process.
  5. Critically assess how firms decide on various aspects of their M&A (mergers and acquisition) and leveraged buyout deals.
  6. Understand how different country-specific institutional set-ups influence M&A decisions.
  7. Understand how governance mechanisms including hedge fund activism influence corporate financial policies.
  8. Understand how R&D (research and development) investments are financed in different institutional settings.

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 coursework 40% and exam 60%

Reading and References

Corporate Finance: European Edition, David Hillier, Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan, 3rd edition, McGraw-Hill Education – EuropeMcGraw-Hill Education – Europe

-Corporate Finance: Global Edition, Jonathan Berk, Peter DeMarzo

Pearson, 3rd edition

-Journal articles and case studies

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