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Corporate Finance and Strategy (BUS225)

Semester: B
Level: 5
Module code: BUS225
Module organiser: To be confirmed

Module overview

This module will develop a students’ understanding of the nature of corporate finance in terms of the sources of finance and nature of internal calculations that are employed to allocate financial resources into strategic investment projects. Students will appreciate how the techniques of financing and allocation of financial resources have evolved. This understanding will be blended with an appreciation of the strategic management literature on how financial resources are deployed strategically to both create and capture value.

Assessment

  • 40% Mid-Semester
  • 60% Examination

Indicative reading list

Jensen, M. C. (1986) ‘Agency costs of free cash flow, corporate finance, and takeovers’, American Economic Review, 76(2): 323-329.

Jensen, M. C. (2002) ‘Value maximization, stakeholder theory and the corporate objective function’, Business Ethics Quarterly, 20(2): 235-256.

Lazonick, W. (2008) ‘The Quest for Shareholder Value: Stock Repurchases in the US Economy’, Louvain Economic Review, 74 4 (2008), pp. 479–540.

Moles, P (2011)  Fundamentals of Corporate Finance, John Wiley and Sons

Porter, M.E (1985) Competitive Advantage: Creating and sustaining superior performance, New York: The Free Press.

Zott, C., Amit, R. (2008) “The Fit between Product Market Strategy and Business Model: Implications for Firm Performance”, Strategic Management Journal, 29 (1).

Jensen, M. C. (1986) ‘Agency costs of free cash flow, corporate finance, and takeovers’, American Economic Review, 76(2): 323-329.

Jensen, M. C. (2002) ‘Value maximization, stakeholder theory and the corporate objective function’, Business Ethics Quarterly, 20(2): 235-256.

Lazonick, W. (2008) ‘The Quest for Shareholder Value: Stock Repurchases in the US Economy’, Louvain Economic Review, 74 4 (2008), pp. 479–540.

Moles, P (2011)  Fundamentals of Corporate Finance, John Wiley and Sons

Porter, M.E (1985) Competitive Advantage: Creating and sustaining superior performance, New York: The Free Press.

Zott, C., Amit, R. (2008) “The Fit between Product Market Strategy and Business Model: Implications for Firm Performance”, Strategic Management Journal, 29 (1).

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