Module Identifier AC33010  
Academic Year 2001/2002  
Co-ordinator Mrs Irena Jindrichovska  
Semester Semester 1  
Course delivery Lecture   15 Hours  
  Tutorial   4 Hours  
Assessment Essay     20%  
  Exam   2 Hours   80%  

Module objectives / Learning outcomes

This module is aimed to provide an understanding of the fundamentals of corporate financial strategy during the life cycle of the company. A number of practical examples are presented during the course of this module. The approach of blending theoretical principles with practical applications is chosen in order to emphasize the modern fundamentals of financial strategy and to make the theory come to life with contemporary examples. The overriding objective of this module is to present a number of integrated and powerful principles and help to develop analytical skills and the decision-making capacity of the module participants.

At the end of the module students should be able to assess the financial strategy of the firm in-depth and set up appropriate measures that can add value to the organization.

Reading Lists

** Essential Reading
Ward, Keith. (1993) Corporate Financial Strategy. Butterworth Heinemann

** Recommended Text
M C Jensen and W H Merckling. Theory of the firm: Managerial Behaviour, Agency Costs and Ownership Structure. 3. Journal of Financial Economics, pp 305-360.
E F Fama. Agency Problems and the Theory of the Firm. 88. Journal of Political Economy, pp 288-307.

** Essential Reading
F J Weston, J A Siu and B A Johnson. Takeovers, Restructuring and Corporate Governance. 3rd edition. Prentice Hall