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Corporate Finance MSB309

This Master level course exposes students to theories and to practical situations that creates an ability to (i) analyze and critically assess companies’ governance structures and financial decisions, and (ii) contribute to corporate financial decisions.


Course description for study year 2021-2022. Please note that changes may occur.

Fakta
Emnekode

MSB309

Vekting (SP)

10

Antall semestre

1

Vurderingssemester

Autumn

Undervisningsspråk

English

Tilbys av

UiS Business School

Learning outcome

Knowledge: At completion, a student has knowledge of

  • The theories necessary to understand various financial decisions.
  • The structuring and functioning of corporate governance systems used to control widely held companies.
  • The functioning of financial markets, and how managers use them in financial decision-making.
  • The key drivers of important financial policy decisions, including capital structure, payout, risk management, and investment decisions.
  • The role of information asymmetries, economic incentives and behavioral biases for financial decision-making.

Skills: At completion, a student has the skills to

  • Independently analyze and assess the financial and governance positions of real-life companies.
  • Analyze, assess and make suggestions of what are appropriate financials decisions of real-life companies, including the capital structure, the payout policy and capital allocation decisions.
  • Present and discuss remedies to concrete financial problems; and in so doing, integrating different perspectives to produce a balanced overall decision.
  • Solve problems through group work and present case solutions.
  • Set up and use basic financial modelling tools.
Content

The course is a Master level corporate finance class that emphasizes real-life decision-making. To make insightful financial decisions, it is important to comprehend the implications of various financial theories. Thus, the first half of the course covers important financial theories, corporate governance systems and mechanisms, the functioning of financial markets and risk assessments. An emphasis is put on managerial financial decision-making, and the roles of information asymmetries, economic incentives and behavioral biases.

From here follows more in-depth analyses of classic corporate finance decisions such as capital structure, payout policy and investment appraisals. This leads on to more specialized decisions including various forms of corporate restructurings.

Course participants learn to analyze and critically assess real-life problems and situations. Solutions are to be presented and discussed in written and verbal formats at numerous seminars.

The course is taught both for students in the Master program in Business Administration and the Master program of Accounting and Auditing. For this reason, a particular emphasis is given to accounting aspects of financial problems. This includes, for example, the roles of auditors and financial analysts within the corporate governance system, disclosure regulations and interactions between financial decisions and disclosure rules.

The course is taught in English.

Required prerequisite knowledge
None
Eksamen / vurdering
Vurderingsform Vekting Varighet Karakter Hjelpemiddel
Written exam 1/1 4 Hours A - F Valid calculator.

A four-hour written exam determines the grade (A - F). An approved calculator is allowed at the written exam.

Coursework requirements
Mandatory exercises
To be eligible to sit for the written examination, a student must have received course approval. This approval is based on obligatory group assignments, presentations and active participation. Detailed information is provided on Canvas.
Course teacher(s)
Course coordinator: Bernt Arne Ødegaard
Course coordinator: Lars Mattias Hamberg
Study Program Director: Yuko Onozaka
Method of work
The course is delivered as lectures and seminars. An active participation is required. Multiple hand-in assignments with student presentations. The student is expected to use 280 hours completing this course.
Open for
Master in Accounting and Auditing Business Administration - Master of Science
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Overlapping courses
Course Reduction (SP)
Corporate Finance and Governance (MØA309) 10
Literature
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