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2023/2024  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 cand.merc. and GMA (CM)
Course coordinator
  • Claus Parum - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 01-06-2023

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
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

The aim of the course is to provide students with a solid knowledge and understanding of vocabulary, theories, methods, models and empirical evidence to solve corporate finance problems, and to apply the knowledge and understanding to make value-creating corporate finance decisions in corporations.

 

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 lectures, exercise classes, and peer-to-peer feedback activity.

 

Students are encouraged to take active part in lectures, exercise classes and the peer-to-peer feedback activity by contributing with questions, comments, and answers.
Description of the teaching methods
Lectures, exercise classes, and peer-to-peer feedback activity.
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 (preferable in groups) 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 set similar to an 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 Edmans. Principles of Corporate Finance. Fourteenth Edition. 2023. McGraw Hill + Connect
 
Last updated on 01-06-2023