Last modified: 31 Jul 2023 11:19
This course expands knowledge and understanding about corporate actions such as: “real” investment decisions, for example, where a company invests in a new plant or machinery or designs a new product, “financing” decisions, where companies choose capital structure. We also study corporate decisions about payout and debt policy, and the impact of mergers and acquisitions on the value of the relevant corporations. Our theme is to place corporate actions in a global context using real-world examples to enhance knowledge and understanding of this sophisticated arena.
Study Type | Postgraduate | Level | 5 |
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Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
Campus | Aberdeen | Sustained Study | No |
Co-ordinators |
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In this course, we investigate the problem of how the value of a collection of corporate liabilities (such as shares and bonds) are affected by corporate actions. The types of corporate actions we are concerned with include:
Our overriding theme is to place these corporate actions in a global context using many real-world corporate examples to enhance our knowledge and understanding of this sophisticated arena.
By the end of this course, you will:
Assessment Type | Summative | Weighting | 50 | |
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Assessment Weeks | Feedback Weeks | |||
Feedback |
Detailed feedback is given for correct and incorrect answers in online activities. |
Word Count | 2000 |
Knowledge Level | Thinking Skill | Outcome |
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|
Assessment Type | Summative | Weighting | 50 | |
---|---|---|---|---|
Assessment Weeks | Feedback Weeks | |||
Feedback |
Detailed feedback is given for correct and incorrect answers in online activities. |
Word Count | 2000 |
Knowledge Level | Thinking Skill | Outcome |
---|---|---|
|
Assessment Type | Formative | Weighting | 0 | |
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Assessment Weeks | Feedback Weeks | |||
Feedback |
Individual feedback provided through personal interaction with tutor. Reflective workbook completed throughout course. Detailed feedback is given for correct and incorrect answers in online activities. |
Knowledge Level | Thinking Skill | Outcome |
---|---|---|
|
Assessment Type | Summative | Weighting | 100 | |
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Assessment Weeks | Feedback Weeks | |||
Feedback |
Knowledge Level | Thinking Skill | Outcome |
---|---|---|
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Knowledge Level | Thinking Skill | Outcome |
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Conceptual | Understand | Understand why it is reasonable to assume that financial securities are fairly priced. |
Conceptual | Understand | Be able to understand and describe the major types of financial securities that are issued by companies. |
Conceptual | Apply | Be able to demonstrate knowledge of payout policy and critically analyse the differences between divided payout and stock repurchases. |
Conceptual | Apply | Be able to explain the ways investors interpret information about changes to dividend payout and the reasons why companies find stock repurchases more flexible. |
Conceptual | Evaluate | Be able to evaluate the reasons why payout policy does not affect shareholder value when financial markets are perfectly competitive and informationally efficient. |
Conceptual | Analyse | Be able to analyse why corporations merge and describe the gains and costs of mergers. |
Conceptual | Evaluate | Be able to evaluate evidence on topics such as payout policy, debt policy, mergers, and corporate governance. |
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