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2022/2023  BA-BSOCO2020U  Corporate Finance

English Title
Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Business Administration and Sociology
Course coordinator
  • Sangeun Ha - Department of Finance (FI)
Main academic disciplines
  • Finance
  • Sociology
Teaching methods
  • Face-to-face teaching
Last updated on 30-11-2022

Relevant links
Learning objectives
On successful completion of the course, students should be able to:
  • Identify, explain, discuss and apply the core concepts, models and methods in Corporate Finance.
  • Calculate, interpret and compare financial statistics, prices, returns and costs.
  • Elaborate, present and discuss solutions for financial decision problems.
  • For the Sociology of Finance workshops: Describe and incorporate sociological perspectives to critically understand corporate financial problems and develop solutions to complex problems.
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see section 13 of the Programme Regulations): 2
Compulsory home assignments
2 out of 2 compulsory group assignments in Sociology of Finance (group size 3-4 students) need to be handed in and approved to sit the exam.
The assignments have the form of a two page paper based on questions posed by the lecturer. The assignments help students develop the capability to integrate financial analysis and sociological perspectives. Feedback to the assignments is given at a group level and to the course and collectively.

Before the final exam, a retake opportunity will be given for each of the two assignments to students with documented illness or extraordinary circumstances and students with non-approved assignments.
Examination
Corporate Finance:
Exam ECTS 7,5
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) Internal examiner and external examiner
Exam period Summer
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
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.
Course content, structure and pedagogical approach

This course provides a broad overview of corporate finance covering the main tools that financial managers use to analyze investment and financing decisions.

The first set of lectures will be devoted to introducing students to the goals pursued by corporations and to the financial side of their operations. Subsequently, we will be reviewing some of the accounting concepts that represent an essential background in this field, and we will introduce the concept of “time value of money”, which will be a key building block in developing our theory of asset pricing. The same paradigm will also be applied to the valuation of the streams of cash flows that firms generate through their investment projects, which will ultimately lead us to the formulation of a method for making investment decisions.

 

In addition, four Sociology of Finance workshops offer sociological perspectives to understand corporations and corporate finance embedded in the larger economic and social contexts. The workshops help students to integrate financial analysis and sociological perspectives to critically understand and develop solutions to complex and realistic problems in further project work.
Description of the teaching methods
The course consists of lectures and exercises as well as Sociology of Finance workshops. It is taught in face-to-face teaching.
Feedback during the teaching period
Student feedback will occur regularly throughout the course.

Students are encouraged to make use of those to enhance their learning experience, in addition to regular participation and two-way communication in lectures. The lecturer will also strive to be readily available for a one-to-one dialogue during lecture breaks and following each lecture session.

The teacher will also provide feedback to the entire class following individual student requests, in particular as the examination draws closer. Open forums of smaller groups will be held where the teacher takes student questions and provides feedback on the course material. Last but not least, several exercises will be held in class, such that both the teacher and the students can continuously assess the individual performance throughout the course.

Feedback in the Sociology of Finance workshop will be provided in terms of feedback to the compulsory activities (group) and during the workshop sessions. The lecturer will be available for individual feedback during office hours and may prompt students to attend office hours based on their learning progresses.
Student workload
Lectures 42 hours
Exercise classes 18 hours
Sociology of Finance workshop 12 hours
Compulsory assignments 8 hours
Preparation 122 hours
Examination 4 hours
Expected literature

Main Textbook:

Brealey, Myers, and Marcus, Fundamentals of Corporate Finance (McGraw Hill International Edition), newest edition available in adequate advance of the course start.

 

Additional reading list can be found in the course plan that will be published on Canvas before classes begin.
Last updated on 30-11-2022