Corporate Finance

Description

This module equips students with the knowledge, understanding, and skills necessary for investment and financing decisions in the corporate world. It enables the students to understand the nuances inherent within corporate finance, and to take account of them in generating and/or applying corporate finance theories.  The course begins with key concepts such as the time value of money and the relationship between risk and return, then delves into a range of important corporate finance topics, including portfolio theory, the Capital Asset Pricing Model (CAPM), the cost of capital and its impact on capital structure, capital markets and their imperfections, valuation of financial assets, capital budgeting, and risk management. The module provides a rigorous presentation of the theoretical underpinnings of corporate finance combined with applications drawn from practical exercises and case studies.