最新糖心Vlog

CORPFIN 7021 - Corporate Investment Evaluation (M)

North Terrace Campus - Semester 2 - 2021

This course examines techniques and issues in corporate finance with a focus on corporate investment decisions. Topics include valuation of growth opportunities, techniques for evaluating capital investment proposals, application of option pricing models in a corporate setting, merger and acquisition strategies, corporate diversification and divestitures, incentive-aligning compensation including executive stock options, managerial optimism and corporate governance mechanisms.

  • General Course Information
    Course Details
    Course Code CORPFIN 7021
    Course Corporate Investment Evaluation (M)
    Coordinating Unit Finance and Banking
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Prerequisites ACCTING 7019, CORPFIN 7005, CORPFIN 7033/COMMERCE 7033
    Assumed Knowledge ECON 7200
    Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture
    Course Staff

    Course Coordinator: Md Abdul Wasi

    Lecturer-in-charge: Name: Dr Ivan Obaydin
    Location:
    Email:

    Room 12.23, 10 Pulteney St
    ivan.obaydin@adelaide.edu.au

    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course, students will be able to:

    1. Explain and interpret conceptual models and arguments in corporate finance
    2. Recognize the model appropriate for structuring a given financial problem
    3. Understanding the data requirements of a chosen model
    4. Understanding how outputs are sensitive to changed data or assumptions
    5. Interpreting the results consistent with the model structure


    最新糖心Vlog Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    最新糖心Vlog Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1-5
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1-5
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    1-5
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1-5
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1-5
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    1-5
  • Learning Resources
    Required Resources
    The text book for the course is Ross, S., R. Westerfield, J. Jaffe and B. Jordan, Corporate Finance, 11e, McGraw-Hill International, 2016. (NOTE: Previous editions are not suitable).
    Online Learning
    All materials are available on MyUni.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    The course is taught via seminar-based classes, reinforced through class participation in problem solving.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

    Students in this course are expected to attend all Seminars throughout the semester.
    Learning Activities Summary
    Semester Week Topic # Topic Required Reading
    1 1 Corporate financial planning and growth Ch.3
    2 2 Valuing growth opportunities Ch. 9
    EVA.pdf
    Jones.pdf
    Jensen.pdf
    3 3 Advanced capital budgeting and risk analysis Ch.4-Ch.7
    4 4 Options - concepts and pricing models Ch. 22
    5 5 Options - applications in corporate finance Ch. 22
    Ch. 23
    6 6 Real options in project valuation Ch. 23
    7 7 Corporate takeovers Ch. 29
    Mitchell.pdf
    8 In-class test
    Mid-semester break
    9 8 Corporate diversification & diversification discount Stowe & Xing.pdf
    10 9 Managerial optimism Heaton.pdf
    11 10 Corporate governance
    (Group Assignment & Presentation)
    Related papers
    12 11 Review Lecture and Assignment Presentation

    Note: Reading may be varied during the semester. All .pdf files are uploaded to MyUni.
  • Assessment

    The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Assessment Task Weighting
    Learning Outcome
    In-class Test: closed book 30%
    All
    Group Assignment & Presentation 15%
    All
    Final Exam: 3-hour closed book 55%
    All
    Total 100%
    Assessment Related Requirements
    To pass this subject, 50% overall is required. Neither the test nor the assignment, are redeemable. More details will be given in class.
    Assessment Detail
    In class test covers topics 1-6, while group assignment covers topic 10.

    More information will be provided closer to the dates.
    Submission
    In class test will be collected on the day of the test.
    Group assignment is due on Oct 17 2019.

    Further information will be provided during the course.
    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

  • Student Feedback

    The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.