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FINC402 Advanced Corporate Finance

Aspects of finance theory and policy and international financial management. Includes directed reading and seminars related to corporate financial management.

The primary aim of the paper is to provide the student with an in-depth understanding of advanced issues in corporate finance. The general approach followed will include:

  1. Formal instruction: Derivation and detailed discussion of the main results of seminal papers dealing with capital structure policy and dividend policy will constitute the primary mode of instruction in the first five weeks of the semester. This is expected to equip the students with adequate theoretical understanding of issues, such as why capital structures and dividend policies vary across firms. This groundwork will then be used to understand empirical findings that attempt to test their implications.
  2. Student presentations: Students will present the empirical papers from the list provided (the structure of student presentation will be ascertained upon knowledge of final enrolment). Every student is expected to read the papers and come to class with some critically-thought-out questions/comments pertaining to the issues in the papers prescribed for that class before coming to the class.

Paper title Advanced Corporate Finance
Paper code FINC402
Subject Finance
EFTS 0.1667
Points 20 points
Teaching period First Semester
Domestic Tuition Fees (NZD) $1,037.87
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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Recommended Preparation
FINC 303
Contact
accountancyfinance@otago.ac.nz
Teaching staff
Dr Gurmeet Bhabra
Teaching Arrangements
Lectures
Textbooks
Text books are not required for this paper.
However, the following books are recommended to supplement the readings covered in class:

Financial Theory and Corporate Policy by Thomas E. Copeland, J. Fred Weston, and Kuldeep Shastri, Addison-Wesley Publishing Co. Fourth Edition.
Financial Markets and Corporate Strategy (2nd Edition) by Mark Grinblatt and Sheridan Titman, McGraw-Hill Irwin
Course outline
View the course outline for FINC 402
Graduate Attributes Emphasised
Global perspective, Communication, Critical thinking, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, you should be able to:
  1. To develop an ability to communicate information, arguments, ideas and analyses effectively, both orally and in writing
  2. To develop a critical approach to the contextualisation, presentation and evaluation of arguments and evidence with respect to relevant literature and perspectives
  3. To acquire advanced specialist knowledge in a particular area of study
  4. To develop organisational, personal and research skills so as to ensure completion of a substantial piece of original advanced research in an acceptable period of time
  5. To develop the capability to present and engage in debate about the ideas and conclusions of the research with the international community of scholars

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Timetable

First Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Monday 15:00-16:50 9-15, 17-22
Wednesday 15:00-16:50 9-15, 17-22

Aspects of finance theory and policy and international financial management. Includes directed reading and seminars related to corporate financial management.

The primary aim of the paper is to provide the student with an in-depth understanding of advanced issues in corporate finance. The general approach followed will include:

  1. Formal instruction: Derivation and detailed discussion of the main results of seminal papers dealing with capital structure policy and dividend policy will constitute the primary mode of instruction in the first five weeks of the semester. This is expected to equip the students with adequate theoretical understanding of issues, such as why capital structures and dividend policies vary across firms. This groundwork will then be used to understand empirical findings that attempt to test their implications.
  2. Student presentations: Students will present the empirical papers from the list provided (the structure of student presentation will be ascertained upon knowledge of final enrolment). Every student is expected to read the papers and come to class with some critically-thought-out questions/comments pertaining to the issues in the papers prescribed for that class before coming to the class.

Paper title Advanced Corporate Finance
Paper code FINC402
Subject Finance
EFTS 0.1667
Points 20 points
Teaching period First Semester
Domestic Tuition Fees (NZD) $1,058.71
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

^ Top of page

Recommended Preparation
FINC 303
Contact
accountancyfinance@otago.ac.nz
Teaching staff
Dr Gurmeet Bhabra
Teaching Arrangements
Lectures.
Textbooks
Text books are not required for this paper.
However, the following books are recommended to supplement the readings covered in class:

Financial Theory and Corporate Policy by Thomas E. Copeland, J. Fred Weston, and Kuldeep Shastri, Addison-Wesley Publishing Co. Fourth Edition.

Financial Markets and Corporate Strategy (2nd Edition) by Mark Grinblatt and Sheridan Titman, McGraw-Hill Irwin
Course outline
View the course outline for FINC 402
Graduate Attributes Emphasised
Global perspective, Communication, Critical thinking, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, you should be able to:
  1. To develop an ability to communicate information, arguments, ideas and analyses effectively, both orally and in writing
  2. To develop a critical approach to the contextualisation, presentation and evaluation of arguments and evidence with respect to relevant literature and perspectives
  3. To acquire advanced specialist knowledge in a particular area of study
  4. To develop organisational, personal and research skills so as to ensure completion of a substantial piece of original advanced research in an acceptable period of time
  5. To develop the capability to present and engage in debate about the ideas and conclusions of the research with the international community of scholars

^ Top of page

Timetable

First Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Monday 15:00-16:50 9-13, 15-22
Wednesday 15:00-16:50 9-13, 15-16, 18-22