AFX4060 - Issues in corporate finance

Offered

Clayton First semester 2008 (Day)

Synopsis

The objective of this course is to develop critical economic reasoning and understanding of important empirical regularities in corporate finance. This unit builds on the introductory finance unit - Financial Management - and analyses a variety of issues by introducing a study of recent empirical literature. The advanced topics covered include market efficiency, behavioural finance, asset pricing theories, corporate governance, capital structure and dividend policy.

Objectives

The learning objectives of this unit are to:

• acquire knowledge of empirical findings in corporate finance;
• develop an ability to conceptualise and analyse issues in corporate finance at a sound level of understanding and be in a position to make a significant contribution in setting firm financial policy;
• critically evaluate underlying theories, concepts, assumptions, limitations and arguments in corporate financial theory;
• develop analytical skills via understanding the intuition and logic behind recent academic research and the possible extension to the recent research.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Contact hours

3 hours per week

Prerequisites

Enrolment in an honours or masters program offered by the Faculty of Business and Economics

Co-requisites

Must be enrolled in Bachelor of Commerce (Honours) or Postgraduate Diploma in Economics and Commerce

Prohibitions

AFF4021