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2021/2022  BA-BPOLO1342U  Corporate Finance

English Title
Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory (also offered as elective)
Level Bachelor
Duration One Quarter
Start time of the course Third Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc i International Business and Politics, BSc
Course coordinator
  • Yingjie Qi - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 26-10-2021

Relevant links
Learning objectives
  • Identify, explain, discuss and apply the core concepts, models and methods
  • Calculate, interpret and compare financial statistics, prices, returns and costs
  • Elaborate, present and discuss solutions for financial decision problems
Examination
Corporate Finance:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Access to Canvas
  • Access to the personal drive (S-drive) on CBS´ network
  • Advanced IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content, structure and pedagogical approach

This course provides a broad overview of corporate finance covering the main tools that financial managers use to analyze investment and financing decisions. The first set of lectures will be devoted to introducing students to the goals pursued by corporations and to the financial side of their operations. Subsequently, we will be reviewing some of the accounting concepts that represent an essential background in this field, and we will introduce the concept of “time value of money”, which will be a key building block in developing our theory of asset pricing. The same paradigm will also be applied to the valuation of the streams of cash flows that firms generate through their investment projects, which will ultimately lead us to the formulation of a method for making investment decisions. Later in the course we will pay more attention to the role of risk in such matters, and we will also focus on how companies can raise the cash they need for their investment projects, with a discussion of the issues that alternative financing tools pose.
Description of the teaching methods
Lectures
Feedback during the teaching period
Student feedback will occur continuously throughout the course. (a) During Office Hours student (groups) will be seen in prearranged time-slots and bookings can be made via email. (b) There will be weekly multiple choice quizzes made available on CBS Canvas. Feedback will be given explaining the reasons why a particular answer was correct or incorrect and indicating how / where further material on the topic can be found. (c) Weekly exercise classes and in-class problem solving. We go through assigned exercises in plenum in the weekly exercise classes so students can discuss their calculation methods and clarify doubt issues.

Students are encouraged to make use of those feedback mechanisms to enhance their learning experience, of course in addition to regular participation and two-way communication in lectures. The lecturer will also strive to be readily available for a one-to-one dialogue in both lecture breaks and following each lecture session.
Student workload
Lecture hours 42 hours
Exercise classes 12 hours
Examination 4 hours
Preparation 142 hours
Expected literature

Brealey, Myers and Marcus, Fundamentals of Corporate Finance, newest edition available in adequate advance of the course start. McGraw Hill. International Edition). 

 

 

This is a sample of the literature that will be used. A comprehensive reading list can be found in the course plan that will be published on Canvas before classes begin.
Last updated on 26-10-2021