View Specification DocumentCorporate Finance ACCFIN4070
- Academic Session: 2026-27
- School: Adam Smith Business School
- Credits: 20
- Level: Level 4 (SCQF level 10)
- Typically Offered: Semester 1
- Available to Visiting Students: Yes
- Collaborative Online International Learning: No
- Curriculum For Life: No
Short Description
This course builds on the material covered in Finance 1 and Finance 2. It extends ideas on corporate finance introduced in Finance 2 and covers a number of central issues of relevance to the financial manager, such as capital structure, capital budgeting, long-term versus short-term financing, and corporate governance.
Timetable
Lectures: 2 hours of lectures x 10 weeks.
Tutorials: 1 hour of tutorials x 4 weeks.
Requirements of Entry
Normally a grade D3 or above in Finance 2 or equivalent.
Excluded Courses
None
Co-requisites
None
Assessment
1. Written assignment, including essay; Group; 1500 words; 25%; ILOs 1-3.
2. Degree exam: in-person; Individual; 120 minutes; 75%; ILOs 1-5.
Main Assessment In: December
Course Aims
The aim of this course is to provide students with an advanced understanding, both theoretically and empirically, of some major aspects of corporate finance. Specifically, by means of the concepts and analytical tools learned in Finance 1 and Finance 2, the course introduces theories of capital structure and mechanics of the implementation. The course also covers special topics such as corporate governance and the real options approach to project valuation. After finishing this course, students are expected to have insights that are of academic interest and practical importance on crucial elements influencing the financing decisions of a typical financial manager.
Intended Learning Outcomes of Course
By the end of this course students will be able to:
1. Evaluate different theories of capital structure both in the context of perfect capital markets and under market imperfections
2. Understand the sources, consequences, and possible remedies for information asymmetries and agency conflicts in a corporation
3. Analyse the role of different sources of corporate financing (short-term and long-term, equity and debt)
4. Understand the concept and different aspects of corporate governance
5. Work collaboratively in a group to produce a combined piece of coursework, by liaising with other class members, allocating tasks and co-ordinating group meetings.