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2014/2015  BA-BINBO1430U  EngAGE Advanced Corporate Finance

English Title
EngAGE Advanced Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Fourth Quarter, Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in International Business
Course coordinator
  • Ken L. Bechmann - Department of Finance (FI)
Main academic disciplines
  • Finance
Last updated on 04-08-2014
Learning objectives
At the end of the course, the student should be able to:
  • Solve real-world problems and cases using the tools and theoretical concepts from basic corporate finance
  • Explain alternative approaches that can be used to solve these problems and cases
  • Discuss advantages and disadvantages of such approaches and how the choice among these might influence the solution to the problem
  • Relate the choice between various approaches to theoretical and empirical findings in corporate finance
Course prerequisites
EngAGE students only
Prerequisites for registering for the exam
Number of mandatory activities: 1
Compulsory assignments (assessed approved/not approved)
A case solved and presented in class in groups with a maximum of 4 students is a prerequisite for attending the examination. The group presentation of the solution to the case will be assessed by the teacher of the course with pass/fail.

The make-up and re-examination will be an individual 4 pages home assigment of a similar case. The written assignment must be assessed by the teacher of the course with pass/fail prior to the regular examination.
Examination
EngAGE Advanced Corporate Finance:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period May/June and Summer Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Additional allowed aids
  • Books and compendia brought by the examinee
  • Notes brought by the examinee
  • Allowed calculators
  • Allowed dictionaries
Make-up exam/re-exam
Another examination form
The make-up and re-examination will be an individual 20 minutes oral examination.
Description of the exam procedure

48 hours before the exam, case material for the exam will be distributed. No internet access allowed during the 4 hour written examination.

PC Exam, open book, all aids permitted except access to internet.
 
Course content and structure
This course is focusing on the real-world applications of the tools and concepts of modern corporate finance in actual financial decisions for various types of corporations. This is primarily done by case analysis. However, the lectures will also briefly review the essential theory and important tools as well as discuss alternative and more advanced extensions of these tools. Among the topics covered are investment decisions including real options theory, capital structure, valuation, payout policy, risk management, executive compensation, and mergers and acquisitions.
Teaching methods
The class hours will be used for lectures, smaller exercises, and case presentations/​discussions. In addition, relevant guest speakers will be used.
Student workload
Class hours 42 hours
Preparation for class including solving cases 155 hours
Final examination 28 hours
Expected literature
The literature will consist of:
-     References to chapters in a standard corporate finance textbook like Brealey, Myers and Marcus, Fundamentals of Corporate Finance
-     Various research articles (theoretical and empirical)
-     Cases
Other readings like newspaper articles and consultancy reports
Last updated on 04-08-2014