ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title CORPORATE FINANCE AND VALUATION
Code ECON906
Coordinator Dr K Bangassa
Finance and Accounting
Kenbata@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

         10

 34
Timetable (if known)              
Private Study 116
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :First  2 Hours    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Mid-term test There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :First Semester  1 Hour    20       

Aims

The aim of this module is to examine a range of topics and issues in corporate finance including: capital budgeting; capital structure; dividend policy; raising long-term capital; corporate governance and international corporate finance in order to equip students to be able to undertake independent and advanced investigations in corporate finance.

Learning Outcomes

(LO1) Develop understanding of theoretical and empirical principles in capital budgeting as the basis for conducting a rigorous evaluation of associated scenarios;

(LO2) Critically assess theoretical and empirical developments in capital structure topics and relate their findings to the contemporary business environment;

(LO3) Develop skills to enable the critical evaluation of theoretical and empirical aspects in dividend policy research, and to communicate findings effectively;

(LO4) Develop knowledge regarding the sources of financing for the firm within a constantly changing financial environment;

(LO5) Develop knowledge and understanding in concepts of corporate governance and their relationship with corporate performance;

(LO6) Develop a comprehension of the importance of internationalization/globalization for firms' international transactions and the implications for effective corporate governance.

(S1) Numeracy/computational skills - Problem solving

(S2) Communication (oral, written and visual) - Presentation skills – oral

(S3) Communication (oral, written and visual) - Presentation skills - written

(S4) Communication (oral, written and visual) - Following instructions/protocols/procedures

(S5) Critical thinking and problem solving - Critical analysis

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description:
Attendance Recorded: No
Notes: 2 hours per week

Teaching Method 2 - Workshop
Description:
Attendance Recorded: Yes
Notes: Meets fortnightly

Syllabus
 

Capital budgeting: theory and empirical evidence;

Capital structure and the cost of capital: theory and empirical evidence;

Dividend policy: theory and empirical evidence;

Raising long term capital I;

Raising long term capital II;

Corporate governance;

International corporate finance.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.