Decisions involving long-term assets, capital budgeting, capital appraisal techniques and investment decisions. Cost of capital, risk and uncertainty. Portfolio theory and capital pricing models. Foreign exchange markets and hedging techniques. Company valuations, take-overs and mergers. Dividend and retention policies. Efficient market hypothesis.
To achieve credit for this module, students must be able to:
- Demonstrate an understanding of financial theories and concepts relating to corporate finance.
- Calculate and assess WACC, cost of equity, cost of debt and discounted cash flow techniques.
- Understand how the level of market efficiency underpins corporate finance theories.
- Evaluate the factors involved in portfolio theory and application.
|Coursework||Practical report - Share portfolio||60%|
|Coursework||Group presentation to Board of Directors||40%|
Students should be familiar with the content of at least one of the following:
- Atrill, P. and McLaney E. (2013). Accounting and Finance for Non-Specialists. (8th edition). Pearson Education.
- Arnold.G. (2013). Corporate Financial Management. (5th edition). Pearson Education