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The theoretical principles of corporate finance and their applications to business policy.
This course is a development of the theoretical principles of corporate finance and their applications to business policy. It will include financial asset valuation, capital structure and dividend policy, leasing, corporate restructuring, mergers, acquisitions and spinoffs and other topics in corporate finance.
This course is designed to give students an in-depth understanding of the theory and practice of corporate finance. The principal contention of the course is that managers should maximise firm value. To do this, managers make investment decisions by allocating resources to "good" projects. Managers also make financing decisions by choosing the "appropriate mix" of debt and equity and investment the "right amount" back into operations. Students will learn how to choose "good" projects and how to finance these projects. The emphasis will be on the "why" more than the "how" in understanding finance. This will prepare them to be a financial manager of a firm that will maximise firm value.
This course will provide students with an opportunity to develop the Graduate Attributes specified below:
Critically competent in a core academic discipline of their award
Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.
Employable, innovative and enterprising
Students will develop key skills and attributes sought by employers that can be used in a range of applications.
Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.
Students must attend one activity from each section.
Ross, Stephen A. et al;
Published by McGraw-Hill Education, 2016.
Domestic fee $831.00
International fee $3,875.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Department of Economics and Finance.