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 ACFI906
Coordinator Dr V Kallinterakis
Finance and Accounting
V.Kallinterakis@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 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 12

6

      12

6

36
Timetable (if known) 60 mins X 1 totaling 12
 
60 mins X 1 totaling 6
 
      60 mins X 1 totaling 12
60 mins X 1 totaling 6
 
 
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Examination Standard UoL penalties apply There is a resit opportunity Marked anonymously  24 hours    70       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Group assignment Standard UoL penalties apply There is a resit opportunity Marked anonymously  -3000 words    30       

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. This skill will be developed through capital budgeting and project evaluation.

(S2) Communication (oral, written and visual) - Presentation skills – oral. Students will develop this skill through group review of journal articles and presentation.

(S3) Communication (oral, written and visual) - Presentation skills - written. Students will develop this skill through group review of journal articles and presentation.

(S4) Communication (oral, written and visual) - Following instructions/protocols/procedures. Students will develop this skill through discussions and reviews on international corporate finance.

(S5) Critical thinking and problem solving - Critical analysis. This skill will be developed through capital structure and dividend policy reviews and discussion.


Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

1 hour online asynchronous learning per week x 12 weeks
1 hour online/ face-to-face synchronous lecture per week x 12 weeks
1 hour face-to-face seminar every other week x 6 weeks
1 hour face-to-face peer-to-peer learning every other week (unscheduled) x 6 weeks
Self-directed learning x 114 hours


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.