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 

Learning

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

Assessment

  • Exam, two hours (100%) 
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