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FINN42315: Corporate Finance and Operational Risk

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Tied
Level 4
Credits 15
Availability Available in 2024/2025
Module Cap None.
Location Durham
Department Finance

Prerequisites

  • None

Corequisites

  • None

Excluded Combinations of Modules

Aims

  • To provide a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence. Develop students' ability to master the knowledge and understanding at an advanced level of the means by which technology and operational risks can be managed.

Content

  • An Introduction to Corporate Finance and Corporate Governance;
  • Capital Structure;
  • Cost of Capital;
  • Payout Policy;
  • Operational and Technology Risks
  • Company Valuation
  • Operational risks and effective versus ineffective management
  • Cyber/physical threats and the threat environment

Learning Outcomes

Subject-specific Knowledge:

  • have advanced knowledge and critical understanding of essential components of modern corporate finance and associated current research;
  • have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and its implications for professional practice, and be able to identify open questions for their own research.
  • Advanced knowledge and critical understanding of technology and operational risks, cyber/physical threat landscape.

Subject-specific Skills:

  • have the ability to learn and work independently in corporate finance, exercising critical judgement and discrimination in the resolution of complex problematic situations;
  • be able to use highly specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in corporate finance;
  • be able to apply problem solving and analytical skills to issues in corporate finance in a complex specialised context.
  • be able to holistically understand the governance and managerial aspects of tech, cyber/physical and operational risks.

Key Skills:

  • Written Communication;
  • Planning, Organising and Time Management;
  • Problem Solving and analysis;
  • Using initiative;
  • Numeracy;
  • Computer Literacy

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • A combination of lectures, workshoops and guided reading will contribute to achieving the aims and learning outcomes of this module.
  • The summative assignment will test students knowledge and critical understanding of the material covered in the module, their analytical and problem-solving skills.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Lectures101 per week2 hours20Yes
Workshops41 per fortnight1 hour4Yes
Preparation and Reading126 
Total150 

Summative Assessment

Component: AssignmentComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
Written Assignment2500 words100same

Formative Assessment

Work prepared by students for workshops; answers to questions either discussed during a workshop, or posted on Learn Ultra. Verbal formative feedback will be given to students as a group throughout the workshops.

More information

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Current Students: Please contact your department.