Current Issues in Financial Management
Posted on September 28, 2022 by Cheapest Assignment
What will be covered in this module?
- Efficient market hypothesis
- Stock markets
- Test of market efficiency
- Implications and lessons
- Long-term finance (2 lectures)
- Debt instrument
- Equity finance
- Capital structure
- Modigliani and Miller Propositions
- Costs of financial distress
- Mergers and acquisitions and SME Finance
- Motives and types of M&As
- Success and failure of M&As
- Theoretical issues and empirical evidence of SME finance
- Corporate valuation (2 lectures)
- Sources of values
- Risk-adjusted discount rate methods
- Certainty equivalent cash flow method
- Venture capital method
- Practical issues in investment appraisal
- Capital rationing
- Tax and inflation
- Sensitivity and scenario analysis
Learning and Teaching
- 10 two-hour lectures and 5 one-hour tutorials
- Textbook and readings
Learning and Teaching
- Hillier, D., Clacher, I., Ross, S., Westerfield, R., and Jordan, B., (2011), Fundamentals of Corporate Finance, McGraw Hill (European Edition).
- Arnold, G., (2012) Corporate Financial Management, 5rd Edition, FT/Pearson, London.
- Brealey, R., Myers, S., and Marcus, A., J., (2011), Fundamentals of Corporate Finance, (7th Edition), McGraw Hill Irwin, London.
- Additional references will be added later
- Coursework – 50%
- No more than 2,500 words;
- eSubmission before 16:00 on 24/4/2017 to ‘Turnitin’
- Examination – 50%
- 2 hr
- Two out of three from section A, Two out of three from Section B.
- Candidates failing this module will be reassessed in the failed
- Are commodity markets efficient?
- — A critical review of the literature
- Introduction: The efficiency of asset market in general and that of the commodity market in specific.
- Theory: What does the theory say about the efficiency of the commodity market?
- Empirical Evidences: What do evidences say about the efficiency of the commodity market?
- Conclusion: Balanced and with reference to the above points
Maximum 2,500 words
- Collecting and analysing relevant information in appropriate ways;
- Seeking academic support;
- Understanding the implications of both theory and empirics;
- Displaying capability of integrating knowledge and using it to serve the purpose (persuasively argue for the points you are trying to make, whatever it might be).
As a rough guidance, a first class essay has the following qualities
- A collection of rich and relevant information;
- A thorough understanding of the relevant literature: theory and empirics;
- Synthesizing the theoretical arguments and empirical evidences to form your own view with some healthy critiques of the existing wisdom;
- A balanced structure of the paper giving the right amount of space for each component;
- A logic structure of arguments with focus and depth in the discussion of the problem in hand;
- Introduced the topic with context and justification;
- Concluded the paper by linking the conclusions back to the analysis in the main body of the text; and the conclusions are well balanced;
- Elegant writing with good grammar and without spelling mistakes.
- Use of diagrams and tables where appropriate.
- Peer reviewed sources of information fully acknowledged and referenced in recognized citation standards both in the text and in the bibliography.