Module Information
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 30 Hours. |
Seminars / Tutorials | 8 Hours. |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | 2000 word essay | 20% |
Semester Exam | 2 Hours | 80% |
Supplementary Exam | 2 Hours | 100% |
Learning Outcomes
Having completed the module, students will be able to:
* Describe and explain the issues of capital structure, dividend policy and leasing versus purchase policy (and associated matters)
* Describe, derive, interpret and apply models which have been proposed to illuminate these issues
* Solve related numerical problems
* Describe, explain and illustrate the evolution of the debate upon these issues
* Compare and contrast differing opinions and positions in these debates
* Assess and criticise the models
* Relate key financial issues one to another, to associated theory and to the preferences and expectations of key stakeholders
* Select, explain and apply appropriate theory to questions and problems
Aims
- Capital structure
- Dividend policy
- Leasing (versus purchase) policy
- Working capital management
Brief description
This module is designed to provide a thorough treatment of the key financial decisions which are faced by the directors and managers of firms.
Outline syllabus
Introduction to corporate finance (including agency and signalling theories)
Relevant aspects of corporate taxation
Capital structure
Dividend policy
Leasing policy
Working capital management
Reading List
Should Be PurchasedWatson, D and Head, A (2007) Corporate Finance: Principles and Practice 4th edition FT Prentice Hall Primo search Recommended Text
Brealey, Richard A. (2003.) Principles of corporate finance /Richard A. Brealey, Stewart C. Myers. 7th ed. McGraw-Hill/Irwin Primo search Emery, Douglas R. (c1997.) Corporate financial management /Douglas R. Emery, John D. Finnerty. Prentice Hall Primo search Levy, Haim. (1994.) Capital investment and financial decisions /Haim Levy and Marshall Sarnat. 5th ed. Prentice Hall Primo search Neale, Bill (Feb. 2004) Business Finance, a Value Based Approach Financial Times/Prentice Hall [Imprint] Primo search Ross, Stephen A. (2005.) Corporate finance /Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe. 7th ed. McGraw-Hill/Irwin Primo search
Notes
This module is at CQFW Level 6