Master's Programme in Shift Entrepreneurship and Business
Master's Programme in Business Administration
Language of teaching
English
Recommended previous knowledge
Bachelor level courses in Investment and Finance.
Learning outcomes
On successful completion of this course the student should
be able to demonstrate how the no-arbitrage principle governs prices in financial markets
be able to discuss how information from financial markets may be used to value real assets
be able to demonstrate how taxes influence firms´ financing and payout choices
be able to identify how conflicts between shareholders and debt holders arise and how they can be minimized
have insight into how managerial incentives affect financial decisions
have insight into financial decisions affect stock prices
be able to recognize how taxes, operation synergies, and management incentive conflicts provide motives for mergers and acquisitions
Contents
This course presents the financial theory mainstream theory on basic asset valuation, risk and return, capital structure, financial and real options, long-term financing and special topics like mergers and acquisitions. The course represents a modern and international approach to corporate finance. The underlying philosophy of the course is that finance is not a set of topics or a set of formulas. Rather, it is the consistent application of a few sensible rules and themes. The course develops a firm knowledge of the theoretical foundations of corporate finance but does not offer in-depth coverage of each specific topic.
Teaching and learning methods
The course consists of lectures, accompanied by individual/group work with problems in an innovative MyFinanceLab or a similar type of computer based "finance lab". Estimated workload is about 200 hours.
Examination requirements
Approved compulsory assignments. Information will be given in Canvas at the start of the semester.
Examinations
4-hour written examination with letter grades.
Student evaluation
The person responsible for the course decides, in cooperation with student representative, the form of student evaluation and whether the course is to have a midway or end of course evaluation in accordance with the quality system for education, chapter 4.1.