FIN41520 International CorporateFinance

Academic Year 2021/2022

The module takes the view that there exists an international or global context in which corporate financial decision making occurs. Therefore one needs to be sensitive to this global context.

The module will adopt a ‘real options framework’ in addressing a firm’s strategic investment decisions. “Real Options” is a modern valuation standard for evaluating and analyzing capital investment decisions in the face of uncertainty. The real options approach is an extension of option pricing theory for managing real assets. The focus will be on developing ‘real options reasoning’ rather than focusing solely on the technical aspects of modeling in a real options framework. Topics addressed in this module will include strategic investment decision making, financing of technology, strategic value in a competitive context, global mergers and acquisitions, international corporate governance.

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Curricular information is subject to change

Learning Outcomes:

• Develop a strong understanding and appreciation of fundamental economic and financial theories underlying corporate finance;

• Develop a strong appreciation of the international context in which corporate financial decisions are made

• Develop strong analytical skills in the application of ‘options technology’ to investment appraisal;

• Develop the capacity to investigate corporate financial strategy using a real options framework in varied business, competitive and corporate strategic contexts.

Student Effort Hours: 
Student Effort Type Hours
Lectures

36
Small Group

20
Autonomous Student Learning

120
Total

176
Approaches to Teaching and Learning:
Not yet recorded 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Class Test: Mid-semester in-class examination on the fundamentals of corportate finance Unspecified n/a Graded No

60
Group Project: Written report and In class presenation Unspecified n/a Graded No

40

Carry forward of passed components
Not yet recorded
 

Not yet recorded
Please see Student Jargon Buster for more information about remediation types and timing. 
Not yet recorded