2015/2016
KAN-CAEFO1077U Corporate Finance
| English Title |
| Corporate Finance |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Start time of the course |
Autumn |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Kristian Miltersen - Department of Finance
(FI)
|
| Contact information:
https://e-campus.dk/studium/kontakt |
| Main academic
disciplines |
|
|
|
Last updated on
12-08-2015
|
| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: 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 |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter |
| Aids allowed to bring to the exam |
Limited aids, see the list below:
- Books and compendia brought by the examinee
- Allowed dictionaries
- Allowed calculators
- Notes in paper format brought by the examinee
- Additional allowed aids, please see the list
below
|
| 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.
|
|
| 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
12-08-2015
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