Module Identifier AC33010  
Academic Year 2003/2004  
Co-ordinator Mr Tony Davies  
Semester Semester 1  
Mutually Exclusive This module is not available to A & F students  
Course delivery Lecture   15 Hours  
  Seminars / Tutorials   4 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment  20%
Supplementary Exam  100%

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
Bender, Ruth and Ward, Keith (2002) Corporate Financial Strategy Butterworth Heinemann, or
Ward, Keith (1993) Corporate Financial Strategy Butterworth Heinemann
F J Weston, J A Siu and B A Johnson Takeovers, Restructuring and Corporate Governance 3rd edition. Prentice Hall

** Recommended Text
M C Jensen and W H Merckling Theory of the firm: Managerial Behaviour, Agency Costs and Ownership Structure 3rd edition. 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.


This module is at CQFW Level 6