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2020/2021  MA-MMBFO1193U  Corporate Finance

English Title
Corporate Finance

Course information

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
  • Kasper Meisner Nielsen - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 10-06-2020

Relevant links

Learning objectives
  • Apply the concept of time value of money to measure the net present value in capital budgeting decisions
  • Apply the method of discounted cash flow to value bonds and stocks
  • Apply Modigliani-Miller theory and trade-off theory to optimize a firm's debt-to-equity ratio in capital structure decisions
  • Apply basic valuation techniques to estimate the value of projects and firms
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-point grading scale
Examiner(s) One internal examiner
Exam period Winter
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 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. If it is an external examination, there will be an external examiner.
Aids: Limited aids, see the list below
The student is allowed to bring to the preparation room
  • Any calculator
  • In paper format: Books (including translation dictionaries), compendiums and notes
The student is also allowed to bring simple writing and drawing utensils (non-digital). Students are not allowed to communicate with others during the preparation time.
Course content, structure and pedagogical approach

The course is designed to provide an integrated framework for the application of key corporate finance concepts and tools. The material in the course covers the fundamental topics in corporate finance and gives students a "hands-on" experience by using both materials from business cases and publicly available financial data. 

 

The course is divided into three broad topics including the investment decision, the financing decision, and valuation. 

 

The goal of the course is to provide students with a framework that will enhance their ability to analyze complex financial problems faced by real-world managers, CFOs, and analysts. 

 

The lectures combine the teaching of fundaments following the outline of the textbook with application of these concepts to business cases. For some cases, the course will require significant work outside of class. The work will provide students with experiences similar to those faced by a corporate manager/analyst in that information often is imperfect and data is often vague or ambiguous. The case discussion will often be open-ended and students can expect to be challenged to defend and articulate their arguments using case material.

Description of the 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 32 hours
Preparation 45 hours
Examination 5 hours
Last updated on 10-06-2020