FIN-40043 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2024/25

By studying this module students will gain key insights into the modern corporate firm. Students will start with the fundamentals of capital budgeting where they will learn how to value successful investment projects. This will be followed by analysis of the capital structure of the modern firm and the role that debt and equity in different proportions play in the success of firms. Students will then go on to explore the reasons why firms pay dividends and the factors that lead to mergers of firms or acquisition of one firm by another. This module will also prepare students to sit for the Chartered Financial Analysts (CFA) exam.

This module introduces students to the modern firm. Students will explore ways of assessing and valuing firms. They will also explore the relationship between equity and debt and how this constitutes to the foundation of the modern firm.

Intended Learning Outcomes

critically assess the need for corporate governance in the modern economy: 1,2
undertake complex financial analysis of projects using capital budget techniques: 1,2
critically assess modern capital structure theory and its relevance to the structure of the modern firm and how it impacts the returns achieved by investing in firms: 1,2
demonstrate a conceptual understanding of the Modigliani and Miller hypothesis on the irrelevance of dividend policy: 1,2
demonstrate a critical awareness of the market fundamentals that drive mergers and acquisition: 1,2
demonstrate a critical awareness of behavioural finance as an investment: 1,2

Study hours

20 hours of lectures
4 hours of tutorials
126 hours of independent study

School Rules

None

Description of Module Assessment