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2022/2023  KAN-CFSMO1119U  Corporate Finance

English Title
Corporate Finance

Course information
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
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 24-06-2022

Relevant links
Learning objectives
  • 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 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 Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • An approved calculator. Only the models HP10bll+ or Texas BA ll Plus are allowed (both models are non-programmable, financial calculators).
  • Language dictionaries in paper format
The student will have access to
  • 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

Corporate Finance is concerned with economic decisions in corporations. A number of core corporate finance areas e.g. the goal of the corporation, capital budgeting, portfolio theory, beta and CAPM, efficient market hypothesis, payout policy, capital structure, cost of capital, options, leasing, mergers and restructuring will be covered during the course.

 

The course is organized as a combination of lectures and exercise classes.
Description of the teaching methods
Lectures with exercises.
Feedback during the teaching period
The course offers three types of feedback activity:

1 Connect.
Connect offers continuous feedback throughout the course.

2 Exercise classes.
Selected earlier examination assignments are published. Students read and answer them before attending the exercise classes, where students are expected to be active participants and ask and answer questions related to the published earlier examination assignments.

3 Peer to peer feedback activity.
A look alike examination set is published. Students read, answer and hand in their answers. Guidance on answering and giving feedback is published, and students give and receive peer to peer feedback. The peer to peer feedback activity ends with a peer to peer lecture.


Student workload
Teaching 48 hours
Preparation 142 hours
Exam 16 hours
Expected literature

Brealey Myers Allen. Principles of Corporate Finance. Thirteenth Edition. 2020. McGraw Hill + Connect
 
Last updated on 24-06-2022