2016/2017
KAN-CFSMO1119U 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 |
- Claus Parum - Department of Finance (FI)
|
| Main academic
disciplines |
|
|
|
Last updated on
15-08-2016
|
| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors:
- Combine and apply insight from the syllabus to solve corporate
finance problems through accurate and correct calculations.
- Show and explain all relevant calculations to solve a given
problem.
- State the assumptions behind the theories / methods /models in
the syllabus.
- Independently combine and logically structure the corporate
finance vocabulary /theories / methods / models /
regulatory/institutional/practical knowledge, and empirical
evidence to solve corporate finance problems.
|
| Examination |
|
Corporate
Finance:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual exam |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
Autumn |
| Aids allowed to bring to the exam |
Closed book: no aids:
- Written sit-in-exam on CBS' computers
|
| 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
The student is allowed to hand in graphs and mathematical
equations written by hand on paper as a supplement to the answers
written on the
computer.
|
|
| Course content and
structure |
|
The course is organized as follows:
- The course starts with a general introduction to corporate
finance and a discussion of the goal of the corporation.
- First focus is on the capital budgeting decision.
- We start with investment decisions under certainty.
- Hereafter, we focus on the relationship between risk and return
(portfolio risk, beta and CAPM).
- Then we analyze capital budgeting and risk, and practical
problems in capital budgeting.
- Then focus shifts to the financing decision starting with an
overview of the efficient market hypothesis.
- Hereafter, we focus on three central areas within the field of
corporate finance: To understand the importance of a firm’s payout
policy, why firms choose a specific capital structure, and how to
estimate the cost of capital.
- An analysis of options, financial leasing, mergers and
corporate restructuring finishes the
course.
|
| Teaching methods |
| Lectures with exercises. |
| Student workload |
| Teaching |
48 hours |
| Preparation |
142 hours |
| Exam |
16 hours |
|
| Expected literature |
|
Corporate Finance. 2016. Compiled by Claus Parum. McGraw Hill.
|
Last updated on
15-08-2016
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