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FM414      Half Unit
Corporate Investment and Financial Policy

This information is for the 2019/20 session.

Teacher responsible

Dr Pedro Chauffaille Saffi

Availability

This course is available on the MSc in Finance (full-time), MSc in Finance (full-time) (Work Placement Pathway), MSc in Finance and Private Equity and MSc in Finance and Private Equity (Work Placement Pathway). This course is not available as an outside option.

Pre-requisites

Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).

Course content

  • Supporting the firm's strategy with Long-term and short-term financial management
  • Real options and strategic investment decisions
  • Family firms, IPOs, and corporate governance
  • Risk management, International valuation, and currency exposure

This is a case-based course aimed at deepening the understanding of how to apply corporate finance concepts in a wide variety of business situations. In particular, we will try to build on concepts in business strategy, valuation techniques, and capital structure theories covered in previous courses, and see how to apply those tools in a systematic and rigorous way when approaching complicated real-life corporate finance problems. Examples of topics include working capital management, capital structure, risk management, real options, initial public offerings, international corporate finance, and family firms. Students will have to read up on cases before class and be prepared to discuss them interactively in class.

Teaching

30 hours of seminars in the LT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.

Formative coursework

5 formative case study assignments (similar to summative cases).

Indicative reading

-Berk and DeMarzo, "Corporate Finance"

-Around 10 case studies

-A number of related scientific articles

Assessment

Exam (70%, duration: 2 hours and 30 minutes) in the summer exam period.
Coursework (20%) and class participation (10%) in the LT.

Key facts

Department: Finance

Total students 2018/19: 77

Average class size 2018/19: 75

Controlled access 2018/19: No

Value: Half Unit

Personal development skills

  • Team working
  • Communication
  • Application of numeracy skills
  • Commercial awareness