Module Details

BE350-7-SP-CO: Corporate Finance

Year: 2016/17
Department: Essex Business School
Essex credit: 20
ECTS credit: 10
Available to Study Abroad / Exchange Students: Yes
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Staff
Supervisor: Dr Norvald Instefjord
Teaching Staff: Dr Norvald Instefjord
Contact details: Tel: (01206) 874160 Email: ninstef@essex.ac.uk

Module is taught during the following terms
Autumn Spring Summer

Module Description

The purpose of this module is to give a standard introduction of the field of corporate finance at the postgraduate level. The first part of this module looks at the classical areas of Modigliani-Miller irrelevance, Taxes and capital structure, Trade-off theory and Pecking order theory of capital structure. The second part looks at the more modern areas, which are essentially based on contract theory. Here we look at agency based models and asymmetric information based models of corporate finance. The final part looks at empirical evidence - some time will be allocated to the area of financial constraints - and if time permits, some special topics in corporate finance such as corporate restructuring (mergers, takeovers, workouts, buyouts etc). This is not an introductory Module.

Learning and Teaching Methods

There will be a double lecture and a single tutorial each week.

Assessment

30 per cent Coursework Mark, 70 per cent Exam Mark

Coursework

One in-class test which consists of a mixture of quantitative and discursive questions.

Exam Duration and Period

2:00 during Summer Examination period.

Other information

This module is core for:

MSc in Finance and Management

This module is compulsory for:

MSc in International Finance
MSc in Finance and Investment

Postgraduate Administrator - Jade D'Mello
Email: ebspgtad@essex.ac.uk

Further information

External Examiner Information

  • Name: Prof Robert Hutchinson
    Institution: University of Ulster
    Academic Role: Emeritus Professor