| Module Identifier |
AC30520 |
| Module Title |
CORPORATE FINANCE |
| Academic Year |
2003/2004 |
| Co-ordinator |
Mr Richard H G Jackson |
| Semester |
Semester 2 |
| Pre-Requisite |
AC30420 |
| Course delivery |
Lecture | 18 Hours |
| |
Seminars / Tutorials | 5 Hours hours |
| Assessment |
| Assessment Type | Assessment Length/Details | Proportion |
|---|
| Semester Exam | 2 Hours | 80% |
| Semester Assessment | | 20% |
|
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
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.
Objectives
This module will provide a detailed treatment of the following issues, as faced by the directors and mangers of firms:
-
capital structure
-
dividend policy
-
leasing (versus purchase) policy
This will be approached by consideration of context in which decisions upon these issues are made; presentation and anlysis of the debates which have surrounded (and continue to surround) them; recourse to the associated theoretic and empirial academic literature; and destruction of the idea of a set of discrete, simple solutions.
Outline syllabus
-
introduction to corporate finance (including agency and signalling theories)
-
relevant aspects of corporate taxation
-
capital structure
-
dividend policy
-
leasing policy
-
capital markets
Reading Lists
Books
** Recommended Text
Brealey, R.A. and Myers, S.C. Principles of Corporate Finance
6th. McGraw Hill
Ross, S.A., Westerfield, R.W. and Jaffe, J. Corporate Finance (International Edition, Revised Printing)
6th. McGraw Hill
** Supplementary Text
Emery, D.R. and Finnerty, J.D. (1997) Corporate Financial Management
Internat.. Prentice Hall
Notes
This module is at CQFW Level 6