Postgraduate Course: Research in Corporate Finance (CMSE11418)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | The course considers aspects of financial management, the funding of companies and capital budgeting believed to be of academic interest and practical importance. |
| Course description |
The aims are to introduce students to current thinking and empirical research on the chosen topics and to develop skills of understanding and analysis. The course builds on the corporate finance learned in semester one, and so it assumes some knowledge of discounted cash flow, the cost of capital, and the main ideas relating to debt policy, dividend policy and raising equity. Advanced Corporate Finance adds to students' knowledge mainly by introducing them to empirical research on the topics studied. Research in corporate finance is a social science. Its aim is to understand about value creation and financial decision-making as observed in the corporate sector. Students will learn about the current state of knowledge regarding each topic studied, and they will learn about how research in this field is conducted, through studying the research design of selected papers.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically discuss arguments and debates concerning the topics covered
- Know and apply advanced methods of empirical research in corporate finance
- Understand and critically evaluate the financing arrangements of companies
- Critically discuss complex lines of argument and reasoning as found in journal papers in corporate finance
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Reading List
Most readings in the programme are journal papers available in the Library via the electronic journal service DiscoverEd, through which students can download full-text copies of papers. The website is: https://discovered.ed.ac.uk/primo-explore/jsearch?vid=44UOE_VU2&lang=en_US
A full list of readings will be provided separately. The course is not based on a particular text but reference is made to the following texts where possible. Do not worry too much about obtaining the most up-to-date edition; they do not change much from one edition to the next.
Brealey, R.A., Myers, S.C. & Allen, F., Principles of Corporate Finance, McGraw-Hill, 2017.
Berk, J. & DeMarzo, P., Corporate Finance, Pearson, 2014.
These texts cover similar ground and are very good, but there are other good texts.
Another useful resource is the website of Aswath Damodaran:
http://pages.stern.nyu.edu/~adamodar/
He writes papers on specific aspects of corporate finance, aimed at students and practitioners.
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/20514271350002466?auth=SAML |
Additional Information
| Graduate Attributes and Skills |
Cognitive skills:
On completion of the module, students should have developed their ability to:
* Understand complex lines of argument and reasoning of the sort found in journal papers in corporate finance;
* Write answers to essay-style questions. |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Woon Sau Leung
Tel:
Email: |
Course secretary | Mrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
Email: |
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