2017/2018
MA-MMBFO1193U Corporate Finance
| English Title |
| Corporate Finance |
|
|
| Language |
English |
| Course ECTS |
3 ECTS |
| Type |
Mandatory |
| Level |
Part Time Master |
| 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 Full-Time MBA
|
| Course
coordinator |
- Claus Parum - Department of Finance (FI)
|
| Main academic
disciplines |
|
|
|
Last updated on
26-06-2017
|
| 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 |
|
MBF Corporate
Finance:
|
| Exam
ECTS |
3 |
| 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-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter |
| Aids |
Limited aids, see the list below:
The student is allowed to bring - Non-programmable, financial calculators: HP10bll+ or Texas BA
II Plus
- Language dictionaries in paper format
The student will have access to - Advanced IT application package
At all written
sit-in exams the student has access to the basic IT application
package (Microsoft Office (minus Excel), digital pen and paper,
7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows
Media Player). PLEASE NOTE: Students are not allowed to communicate
with others during the exam :
Read more about exam aids and IT application
packages here |
| Make-up exam/re-exam |
Oral Exam |
|
Duration: 20 min. per student,
including examiners' discussion of grade, and informing plus
explaining the grade |
|
Preparation time: With the listed
preparation time: 20 Minutes |
|
Examiner(s):: If it is an internal
examination, there will be a second internal examiner at the
re-exam. |
|
Aids: Closed book
The student is only
allowed to bring simple writing and drawing utensils (non-digital)
to the preparation room. Students are not allowed to communicate
with others during the preparation
time. |
|
| Course content and structure |
|
This course gives you an introduction to corporate finance.
Corporate finance is concerned with economic decisions in
corporations. First focus is on investment decisions under
certainty. Then focus is on the relationship between risk and
expected return. The acquired insight is combined to analyze
investment decisions under uncertainty. Now focus shifts to the
financing decision starting
with an overview of the efficient market hypothesis. Hereafter,
we focus on understanding the importance of a firm’s payout policy,
why firms choose a specific capital structure, and how to estimate
the cost of capital. M&A and corporate restructuring finishes
the course. On completion of the course you will understand the
relationship between risk and expected return, know how to
value a partly debt financed investment project or firm by
estimating expected cash flows and cost of capital, have a clear
understanding of when payout policy and capital
structure
matters, and understand M&A and corporate
restructurings.
|
| Teaching methods |
| The lectures will be based on texbook readings,
articles, cases and a high level of student
participation. |
| Feedback during the teaching period |
| Peer assessment (exercise classes) |
| Student workload |
| Teaching |
48 hours |
| Preparation |
45 hours |
| Examination |
5 hours |
|
Last updated on
26-06-2017
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