ØABED4800 Advanced Corporate Finance and Research Methodology Emneplan

Corporate finance consists of the financial activities related to running a corporation with a focus on maximizing shareholder value. This course in advanced corporate finance looks at current research articles published in top academic journals to identify how companies implement corporate finance activities in practice.

Applied Statistical Methods (Statistiske metoder) and Corporate finance (Finansstyring)

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On successful completion of this subject the candidate will have the following knowledge, skills and general competence.

Knowledge

The student has

• advanced knowledge about how companies raise private and public capital, decide on capital structures and implement valuations
• advanced knowledge about how companies can engage in Value Enhancing Strategies and complete Mergers and Acquisitions (M&As)
• advanced knowledge about how companies determine payout policies and executive compensation

Skills

The student can

• review and discuss key concepts in corporate finance
• apply knowledge acquired and relevant theories to his/her work with his/her master's thesis

Competence

The student is able to analyze and propose solutions to contemporary corporate finance problems managers of companies face in their day to day business.

• Company structures.
• Private Equity and Venture Capital.
• Initial Public Offerings (IPOs).
• Raising Long term Capital (SEOs + Debt).
• Valuation.
• Mergers and Acquisitions (M&As).
• Value Enhancing Strategies.
• Capital Structure.
• Payout Policy.
• Corporate Governance.
• Executive Compensation.

The course is organized into a series of four-hour lectures and seminars. Students are expected to play an active role in lectures and seminars. Students will also be required to discuss papers and course themes during lectures and seminars.

There are five individual hand-in assignments that must be approved before the student can sit the exam. If an assignment is not approved on the first attempt, the student will be allowed to resubmit the assignment once. The teacher will give information regarding deadline for handing in the assignment.

There is one final 4-hour exam at the end of the semester.

Students who fail the exam and students with legitimate absence from the exam are entitled to a new/deferred exam according to Regulations relating to Studies and Examinations at HiOA.

One dictionary (Native language-English/English-native language or English-English).

Calculator (as specified in regulations for use of calculator).

Grades are on a scale from A-E for passing grades and F for fail.

An external sensor will together with the internal sensor grade the exam.