CORPORATE FINANCE - 2020/1
Module code: MANM199
In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21.
These changes include the implementation of a hybrid teaching approach during 2020/21. Detailed information on all changes is available at: https://www.surrey.ac.uk/coronavirus/course-changes. This webpage sets out information relating to general University changes, and will also direct you to consider additional specific information relating to your chosen programme.
Prior to registering online, you must read this general information and all relevant additional programme specific information. By completing online registration, you acknowledge that you have read such content, and accept all such changes.
This module is a continuation of earlier Foundation of Finance module and further develops finance for students interested in corporate finance. The module is to demonstrate the link between those various decisions and areas. In particular, we will explore how the firm’s financing, investment, capital structure and payout policies interact with each other and how those decisions have implications for corporate bankruptcy and takeovers.
Surrey Business School
WOJAKOWSKI Rafal (SBS)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: N300
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
- Risk and corporate capital budgeting
- Source of finance and cost of capital
- Information Asymmetry, Corporate Governance and Agency Theory
- Corporate capital structure
- Corporate dividend policy
- Mergers and acquisitions
- Company Valuation
|Assessment type||Unit of assessment||Weighting|
|Coursework||GROUP PRESENTATION AND REPORT (2000 WORDS)||40|
|Examination||EXAM - 2 HOURS- CLOSED BOOK||60|
Individual Assignment of 3000 words.
The assessment strategy is designed to provide students with the opportunity to obtain advanced knowledge and critical understanding of essential components of modern corporate finance by reading through their textbooks and other academic journals, improving their team-working skills and communications skills.
Thus, the summative assessment for this module consists of:
- Coursework of 2000 words and Group Presentation (40% of the total mark), which gives the opportunity to students 1) to learn how to search the electronic library in order to find academic articles which are necessary to write the assignment, 2) to improve their communication skills, as they have to present their work in front of all other students, 3) to improve their team-working skills, as this is the product of a team-work and 4) learn how to do a good time-management, as they need to manage their time as a team in order to have the work ready.
Deadline for the submission of the assignment and presentation of the work is the Week 6.
- Exam, which accounts for the 60% of the total mark and consists of 4 questions from different topics of the taught material where students have to answer 2 questions.
The exam takes place after the 11 teaching weeks.
Formative assessment and feedback
Students receive verbal feedback on their performance in tutorials.
- The main aim of this module is to provide a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles to long-term strategic decision making. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence.
|1||Advanced knowledge and critical understanding of essential components of modern corporate finance and associated current research.||KCT|
|2||Explored, understood and appreciated the complexity and contradictions of the current academic literature and its implications for professional practice, and be able to identify open questions for their own research.||K|
|3||Demonstrated ability to learn and work independently in corporate finance, exercising critical judgement and discrimination in the resolution of complex problematic situations.||KC|
|4||Used specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in corporate finance.||KC|
|5||Had the opportunity to apply problem solving and analytical skills to issues in corporate finance.||KC|
|6||Written Communication – e.g. by writing summative assignments||KCT|
|7||Interpersonal Communication – e.g. by actively participating in lectures and seminars; by preparing and giving group presentations; by writing a group report.||KCT|
|8||Oral Communication – e.g. by presenting in seminars.||KCT|
|9||Teamwork – e.g. by preparing for seminars in groups.||KCT|
|10||Planning, Organising and Time Management – e.g. by preparing work for seminars; downloading handouts before relevant lectures; observing strict deadlines for summative work.||KCT|
|11||Problem Solving and Analysis – e.g. by using a logical and analytical approach to answer question in preparation for seminars and case study.||KCT|
|12||Using Initiative - e.g. by organising teamwork and group presentations; searching relevant literature and information in preparation of summative work.||KCT|
|13||Numeracy – e.g. by being exposed to empirical applications in finance; applying core mathematical and statistical skills to answer a range of tutorial questions.||KCT|
|14||Computer Literacy – e.g. by word-processing summative assignments; accessing and downloading from SurreyLearn teaching material; using e-mail to communicate with tutors and other students; using library on-line facilities and the web to search for literature. Finally, making use of the School Finance Databases, such as Datastream and Bloomberg.||KCT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 117
Lecture Hours: 22
Tutorial Hours: 11
Methods of Teaching / Learning
The teaching and learning strategy is designed to allow students to come to grips with the essential quantitative nature of the subject, and more importantly, to facilitate the application to practical problems.
The teaching and learning methods include formal lecture and tutorials, use of case studies and exercises to reinforce and test learning and the use of SurreyLearn to facilitate teaching, enhance the learning outcomes and direct students to the relevant reading in the set textbooks and in journal articles.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for CORPORATE FINANCE : http://aspire.surrey.ac.uk/modules/manm199
Programmes this module appears in
|Economics MA||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Economics and Finance MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Accounting and Finance MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|International Corporate Finance MSc||2||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
|Investment Management MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2020/1 academic year.