This module develops both theoretical and practical knowledge in the area of corporate financial management. Topics to be discussed are:
Different forms of corporate financing
Agency theory
Financial governance including the ethical implications of financial strategy
Mergers, acquisitions, and restructuring
Financial strategies from start-up to growth
Financial strategies from growth to maturity to decline
Financial strategies in mergers and acquisitions.
Module learning outcomes
Academic and graduate skills
Successful completion of the module will demonstrate that students are able to:
Explain a range of theoretical perspectives underpinning financial practice
Apply the several corporate finance models and theories to evaluate the operating environment
Consider the ethical implications of financial strategy
Analyse the role of finance theory in the determination of corporate behaviour and strategy
Appreciate the nature and purpose of financial planning techniques
Apply and critically evaluate different financial strategies
Evaluate several perspectives that challenge conventional opinions about the role of financial strategy in market economies.
Assessment
Task
Length
% of module mark
Essay/coursework 2,500 word assignment
N/A
100
Special assessment rules
None
Reassessment
Task
Length
% of module mark
Essay/coursework 2,500 word assignment
N/A
100
Module feedback
Students will receive regular feedback on formative weekly activities and on the formative assessment. They will also receive a feedback sheet with detailed comments on the summative assessment explaining how they performed in relation to the assessment criteria. Turnaround time for summative assessment is 4 weeks. At the end of term, the module leader will develop a report about the module and the students’ performance which, once approved by the Board of Exams, will be uploaded onto VLE and made accessible to students.
Indicative reading
Essential reading:
Davies,T.,Crawford,I. (2014). Corporate Finance and Financial Strategy: Optimising corporate and shareholder value, Pearson, (Print and Electronic) .
Further reading:
Koller, T., Goedhart, M., and Wessels, D. (2010). Valuation: Measuring and Managing the Value of Companies, University Edition, John Wiley & Sons, 5th edition.