Corporate and International Finance (N1563)

15 credits, Level 5

Spring teaching

This module has two aims:

  • to foster critical understanding of the important ideas and analytical tools used in corporate financial decision making
  • to develop an appreciation of the challenges to implementing these ideas and tools via debate in the corporate finance literature and events reported in the financial press.

Topics include:

  • the corporation
  • the nature of financial decision-making
  • interest rates
  • valuing bonds and stocks
  • investment decision rules
  • capital budgeting
  • capital markets and the pricing of risk
  • portfolio choice and the capital asset pricing model
  • the cost of capital
  • investor behaviour and capital market efficiency
  • capital structure in a perfect market
  • debt and taxes
  • financial distress
  • managerial incentives and information
  • payout policy
  • mergers and acquisitions.

Teaching

67%: Lecture
33%: Seminar

Assessment

40%: Coursework (Observation, Test)
60%: Examination (Unseen examination)

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 32 hours of contact time and about 118 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We鈥檙e planning to run these modules in the academic year 2025/26. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum.

We鈥檒l make sure to let you know of any material changes to modules at the earliest opportunity.

Courses

This module is offered on the following courses: