Corporate Finance (Finance MSc)

Module code: MN7032

Module co-ordinator: Dr Hiroyuki Nakata

Module Outline

This module introduces the firm; equity; issuing shares; costs of issue; rights issues etc; debt; warrants; convertibles; leasing and quasi-debt; valuation of a company; mergers; growth and failure and disinvestment.

By the end of the module, students should be able to:

  • Analyse the determinants of firm value and equity value
  • Calculate cost of capital (equity, debt, etc.) 
  • Identify the existing and potential mix of debt and equity used by the firm 
  • Discuss the theoretical and empirical debates on capital structure 
  • Explore how firms move towards an optimal debt ratio and how to choose the right financing vehicles 
  • Discuss the theoretical and empirical debates on dividend policy 


  • 20 one-hour lectures
  • Two one-hour seminars


  • Exam, two hours (100%) 
arrow-downarrow-down-3arrow-down-2arrow-down-4arrow-leftarrow-left-3arrow-left-2arrow-left-4arrow-rightarrow-right-3arrow-right-2arrow-right-4arrow-uparrow-up-3arrow-up-2arrow-up-4book-2bookbuildingscalendar-2calendarcirclecrosscross-2facebookfat-l-1fat-l-2filtershead-2headinstagramlinkedinmenuMENUMenu Arrowminusrotator-pausepinrotator-playplayplussearchsnapchatthin-l-1thin-l-2ticktweettwitterwechatweiboyoutube