Undergraduate, Postgraduate - UnitAFX4060 - Issues in corporate finance

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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 introductory corporate finance studies and analyses a variety of issues by introducing a study of recent empirical literature. There is a strong focus on research with a selective and critical examination of theoretical and empirical research in corporate finance. The advanced topics covered include market efficiency and event studies, security offerings, corporate takeovers, and capital structure, dividend policy, corporate governance and financial tunnelling.

Outcomes

The learning goals associated with this unit are to:

1. acquire knowledge of empirical findings in corporate finance
2. 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
3. critically evaluate underlying theories, concepts, assumptions, limitations and arguments in corporate financial theory
4. develop analytical skills via understanding the intuition and logic behind recent academic research and the possible extension to the recent research
5. demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFX4060.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Chief examiner(s)

Professor Christine Brown

Contact hours

3 hours per week

Prerequisites

Students must be enrolled in course 0181 or 0171 or 4416 to undertake this unit.