Postgraduate Course: Research in Corporate Finance (CMSE11472)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | The course covers various topics in corporate finance believed to be of academic interest and practical importance, including financing policies (debt vs. equity), payout policies (dividend vs. share repurchases), mergers and acquisitions, corporate governance, etc. |
| Course description |
The aims of the course are to introduce students to fundamental concepts in corporate finance (with the aid of some textbook readings) and to empirical research in these topics (by reviewing selected journal articles). This course assumes some knowledge of discounted cash flow, the cost of capital, agency theory, and the main ideas relating to debt policy, dividend policy and raising equity. Research in Corporate Finance adds to students' knowledge mainly by introducing them to empirical research on the topics studied. Research in corporate finance is a social science. Its aim is to understand about value creation and financial decision-making as observed in the corporate sector. Students will learn about the current state of knowledge regarding each topic studied, and they will learn about how research in this field is conducted, through studying the research design of selected papers.
Student Learning Experience:
Tutorial/seminar hours represent the minimum total live hours - online or in-person - a student can expect to receive on this course. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group format. These live hours may be supplemented by pre-recorded lecture material for students to engage with asynchronously.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2021/22, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Seminar/Tutorial Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
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| Additional Information (Learning and Teaching) |
Seminar/Tutorial hrs are the min total live hrs, online or in-person, students can expect to receive
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
30% coursework (individual) - assesses course Learning Outcomes 1, 2, 4
70% coursework (individual) - assesses course Learning Outcomes 1, 3, 4 |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically discuss arguments and debates concerning advanced topics in corporate finance.
- Know, apply and critically evaluate advanced methods of empirical research in corporate finance.
- Understand and critically evaluate the financing arrangements of companies.
- Critically discuss complex lines of argument and reasoning as found in academic studies in corporate finance.
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Reading List
Brealey, R.A., Myers, S.C. & Allen, F., Principles of Corporate Finance, McGraw-Hill, 2017.
Berk, J. & DeMarzo, P., Corporate Finance, Pearson, 2014.
Resource List:
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/31909021730002466?auth=SAML |
Additional Information
| Graduate Attributes and Skills |
On completion of the module, students should have developed their ability to:
- Understand complex lines of argument and reasoning in corporate finance research;
- Write answers to essay-style questions.
- Communicate and present research findings of existing studies.
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Woon Sau Leung
Tel:
Email: WoonSau.Leung@ed.ac.uk |
Course secretary | Mrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
Email: K.deWet@ed.ac.uk |
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