English   Danish

2023/2024  BA-BPOLO1342U  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/MSc i International Business and Politics, BSc
Course coordinator
  • Markus Ibert - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 07-06-2023

Relevant links
Learning objectives
  • Identify, explain, discuss, and apply the core concepts, models, and methods
  • Calculate, interpret, and compare financial statistics, prices, returns, and costs
  • Elaborate, present, and discuss solutions for financial decision 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 Spring
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
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
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 relation to Nordic Nine:

The course introduces students to the finances of firms, both from the funding side and the investment side. It intersects with the Nordic Nine vision in several dimensions:

  • Deep business knowledge: It provides students with detailed knowledge on the mechanics of both financing and investment by providing students with a firm understanding of a framework for making solid financial decisions based on empirical analytics.
  • Competitive in business and producing prosperity: The methods taught in the course are a cornerstone to building up any financially successful company. As such it provides the skills needed to stay competitive in the modern corporate world, as well as giving the foundations for creating corporate economic prosperity.
  • Data analytics: Empirical calculations are an integral part of the course. Only with data analytics can one measure the financial performance of companies and the financial impact of managerial decisions.
  • Relearning: The course is structured in such a way that students are introduced to all the techniques necessary to make financially sound decisions. Thereafter all techniques are revisited in the second half of the course within particular subjects and topics of corporate finance. Thereby students relearn the techniques by applying them repeatedly to different real-world scenarios.
  • Critical thinking: The course emphasis the importance of not only producing financial data, but also learning to interpret those - as well as explaining how that interpretation can differ depending on the circumstances or scenarios one might find himself/herself in. It is thereby underlined that only with critically evaluating the financial information can students become successful financial managers.
Description of the teaching methods
Lectures
Feedback during the teaching period
Student feedback will occur continuously throughout the course. (a) During Office Hours student (groups) will be seen in prearranged time-slots and bookings can be made via email. (b) Weekly exercise classes and in-class problem solving. We go through assigned exercises in plenum in the weekly exercise classes so students can discuss their calculation methods and clarify doubt issues.

Students are encouraged to make use of those feedback mechanisms to enhance their learning experience, of course 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 in both lecture breaks and following each lecture session.
Student workload
Lecture hours 42 hours
Exercise classes 14 hours
Examination 4 hours
Preparation 142 hours
Expected literature

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

 

Additional reading list can be found in the course plan that will be published on Canvas before classes begin.
Last updated on 07-06-2023