2014/2015
KAN-CAEFO1077U Corporate Finance
| English Title |
| Corporate Finance |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Course period |
Spring |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Mario Bersem - Department of Finance (FI)
|
| Main academic
disciplines |
- Finance
- Financial and management accounting
|
|
Last updated on
04-07-2014
|
| Learning objectives |
The aim of the course is to provide students with
the capacity to understand and apply the theories, models, and
techniques that have been developed in corporate finance. At the
end of the course, students should be able to:
- Analyse where to invest a firm’s resources.
- Explain the different funding options for a firm and analyse
the best funding option in a given context
- Analyse how much dividend a firm should pay.
- Analyse how corporate decisions are influenced by agency
problems and explain how agency problems can be
countered.
|
| Examination |
|
Corporate
Finance:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Case based assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
April and May/June, The retake will take place in
June. |
| 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 |
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.
|
Description of the exam
procedure
4-hour written, open book exam. Part of the exam is based on a
preliminary reading, distributed 2 days in advance, which can be
taken to the exam.
|
|
| Course content and structure |
|
Aim of the course
The aim of the course is to provide students with the capacity to
understand and apply the theories, models, and techniques that have
been developed in corporate finance.
Contents
From the perspective of the firm, the course focuses on three
major decisions: the investment decision or where to invest a
firm’s resources; the financing decision, or how to finance a given
investment; and the dividend decision, or how much cash to return
to shareholders.
The following topics are treated: risk and the cost of capital,
valuation and investment planning, real options, capital structure,
dividend policy, risk management, agency costs and benefits,
corporate applications of option pricing, mergers and
acquisitions.
|
| Teaching methods |
| Lectures, cases and exercices. |
| Expected literature |
Preliminary literature.
Berk, J., P. DeMarzo (2013). Corporate Finance,
3rd Edition (Global). Pearson
Selected Journal Articles |
Last updated on
04-07-2014
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