Corporate Finance and Valuation ACCFIN5219

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 1
  • Available to Visiting Students: No

Short Description


The course will provide a thorough understanding of the nature and underlying principles of the key financial decisions organisations are expected to make. The course will not only cover the theoretical framework of corporate finance but also would help develop an appreciation of the limitations and challenges faced by financial managers in the real world. It deals with the issues central to financial decision-making including investment, financial and dividend policy decisions, and exposes students to empirical research on the topics studied.


10 weeks, 2-hour teaching sessions and 7 x 1 hour tutorials

Requirements of Entry

Please refer to the current postgraduate prospectus at:

Excluded Courses

Foundations of International Corporate Finance (ACCFIN5203)

Corporate Finance (ACCFIN5205)

Corporate Finance and Investment (ACCFIN5218)





Main Assessment In: December

Course Aims

The overall aim of the course is to give students a critical focus of corporate finance and the functions of the securities market and the optimal investment strategy under rational market conditions. Students will develop critical and analytical skills in assessing the conceptual framework of corporate finance and its relevance to contemporary real-world situations in both domestic and global context.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Critically evaluate the role of finance and financial manager in organisations.

2. Evaluate the interaction between organisations, investors and financial markets

3. Assess the notion of market efficiency and its applications to long-term investments and financial decisions.

4. Evaluate the key arguments and various theories of dividend policy with regards to dividend relevance for firm's value.

5. Appraise various sources of financing available to corporations and analyse the theories of capital structure and their implications for both perfect and imperfect markets.

6. Critically analyse the theoretical basis of a range of investment appraisal techniques and evaluate their usage for corporate investment decisions.

7. Synthesize the major existing theoretical and empirical literature in the area of corporate finance and produce a comprehensive piece of academic writing on one of the topics in the area.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.