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FI3505: ADVANCED CORPORATE FINANCE (2018-2019)

Last modified: 22 May 2019 17:07


Course Overview

This course aims to build upon FI3001/FI3004 Corporate Finance to develop an advanced understanding of the ideas necessary to analyse the firm’s financing decisions with regards to capital structure, debt and equity issuance, financial distress, corporate restructuring and develop an appreciation of current topical issues in corporate financing behaviour. The class is based mainly on academic research articles that have influenced and directed current understanding in corporate financial and investment theory and policy.

Course Details

Study Type Undergraduate Level 3
Session Second Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Dr Laura McCann

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

Course Aims

This course aims to build upon FI30xx Corporate Finance to develop an advanced understanding of the ideas necessary to analyse the firm's financing decisions with regards to capital structure, financial distress and corporate restructuring.  The course is based mainly on academic research articles that have influenced and directed current understanding in corporate financial and investment theory and policy.

Main Learning Outcomes

Knowledge and Understanding
i.  the ability to understand complex issues within corporate financial policy in a manner that is suitable to a financial trained and non-financially trained audience
ii.  Recognise the limitations of formal models in corporate finance theory, including an awareness of methodological approaches and data collection and analysis.
iii. Analyse complex theories of capital structure decisions.
iv.  Critically evaluate the theory and evidence regarding markets for raising equity finance through seasoned and initial public equity offerings
v. Appraise the choice of debt financing method
vi. Develop an appreciation of current topical issues in corporate financing behaviour

Intellectual Skills
i.  Demonstrate awareness of the central issues of corporate finance

Transferable Skills
i. Active participation in lectures and seminars
ii. Manage time through keeping deadlines for submission of work
iii. Express ideas cogently, both orally (in lectures and tutorials) and in writing (assessments)
iv. Identify, understand, develop and critique arguments
v. Present information on corporate financing issues in a concise and informative manner.
vi. The ability to communicate the essence of academic articles to financially trained and non-financially trained individuals.
vii. The confidence to read and critically appraise advanced research papers

Course Content

 
  1. Advanced Capital Structure
  2. Equity
  3. Debt
  4. Financial Distress
  5. Diversification Discount
  6. Divestitures
  7. Recent developments in Finance

Further Information & Notes

Students can follow this course alongside the other core and compulsory elements of their degree programme.


Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Summative Assessments

1st Attempt

2-hour exam (60%)

Coursework 1 (20%)

Coursework 2 (20%)

 

Resit

 Resit 100% 2-hour written examination.

Formative Assessment

Non-assessed fortnightly tutorials, which will test the students ability to discuss and critique journal articles.

Feedback

Students will receive formal written feedback on their assignments and will also receive informal feedback during tutorials.

Course Learning Outcomes

None.

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