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MN20814: Intermediate corporate finance for managers

[Page last updated: 03 June 2024]

Academic Year: 2024/25
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: EXOB 100%
Assessment Detail:
  • MN22165 Open-book written examination (EXOB 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before or while taking this module you must ( take MN10500 AND take MN20502 ) OR ( take MN10805 AND take MN20813 ) OR take ES20070
In taking this module you cannot take MN20503
Learning Outcomes: By the end of this unit, the student should be able to:
* Perform numerical analyses of investment appraisal and capital structure decisions.
* Discuss the results of the aforementioned analyses.
* Write management-style reports recommending optimal investment and financing policies, considering all of the issues involved.


Synopsis: This unit will explore theoretical issues in corporate finance and will enable students to understand the practical issues involved in a firms investment and financing decisions.

Content: New Investment Appraisal (particularly decision trees, risk analysis, and real options) Cost of Capital (capital asset pricing model and arbitrage pricing models) The effect of capital structure on firm value (particularly the effects of managerial incentives and signalling on a firm's financing decisions) Optimum Capital Structure, with regard to tax, agency costs, and signalling Convertible debt Risk Management Dividend Policy Analysis of distressed companies Takeovers

Course availability:

MN20814 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.

MN20814 is Optional on the following courses:

Department of Chemistry
  • USCH-AFB03 : BSc(Hons) Chemistry with Management (Year 3)
  • USCH-AAB04 : BSc(Hons) Chemistry with Management with Study year abroad (Year 4)
  • USCH-AKB04 : BSc(Hons) Chemistry with Management with Industrial Placement (Year 4)
  • USCH-AFM07 : MSci(Hons) Chemistry with Management (Year 3)
  • USCH-AKM07 : MSci(Hons) Chemistry with Management with Industrial Placement (Year 4)
Department of Mathematical Sciences
  • USMA-AFB15 : BSc(Hons) Mathematical Sciences (Year 3)
  • USMA-AAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 4)
  • USMA-AKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 4)
  • USMA-AFM14 : MMath(Hons) Mathematics (Year 3)
  • USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 4)

Notes:

  • This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
  • Courses and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.