CORPFIN 3503 - Corporate Investment & Strategy
North Terrace Campus - Semester 2 - 2021
-
General Course Information
Course Details
Course Code CORPFIN 3503 Course Corporate Investment & Strategy Coordinating Unit Finance and Banking Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites CORPFIN 2502 Assumed Knowledge SACE Stage 2 Mathematical Studies Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Jane Luo
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. Understand the relationship between financial policy and growth
2. Measure growth opportunities using formulas and pricing models
3. Employ various capital budgeting techniques and risk analysis in making investment decisions
4. Apply option pricing models, including real options methods, to evaluate corporate investments
5. Utilise leading techniques in valuation of merger and acquisition strategiesUniversity Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University 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: Newer editions e.g., 12e & 13e are suitable).Recommended Resources
A. Damodaran, Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3rd Edition,John Wiley & Sons, 2012Online Learning
All materials are available on Canvas. -
Learning & Teaching Activities
Learning & Teaching Modes
Lectures supported by problem-solving tutorials developing material covered in lectures.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.
Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. As CORPFIN 3503 is a 3 unit course, each week you are expected to commit approximately 9 hours of private study, in addition to the 3 hours attending your lecture and tutorial.Learning Activities Summary
Semester Week Topic # Topic Required Reading 1 1 Financial policy and growth Ross Ch.3 2 2 Valuing growth opportunities
Tutorials start this weekRoss Ch. 9
EVA.pdf
Jones.pdf
Jensen.pdf3 3 Advanced capital budgeting and risk analysis Ross Ch.4 - Ch.7 4 4 Options & corporate finance: basic concepts and pricing models Ross Ch. 22 5 1-3 Review of Topics 1-3, Online Test #1 6 5 Applications of options in Corporate Finance Ross Ch.22
Ross Ch.237 6 Real options Ross Ch. 23 8 7 Mergers & acquisitions strategies Ross Ch. 29
Damodaran Ch.25
Mitchell.pdfMid-semester break Mid-semester Break 9 4-6 Review of Topics 4-6, Online Test #2 10 7,8 Mergers & acquisitions strategies (Continued); Acquisition valuation Ross Ch. 29
Damodaran Ch.25
Mitchell.pdf11 8,9 Acquisition valuation(Continued); Financial distress, Investments
in other firms & Cross-shareholdingDamodaran Ch.25
Damodaran Ch.3012 9 Financial distress, Investments in other firms & Cross-shareholding(Continued); Review lecture Damodaran Ch.30
Note: Reading may be varied during the semester. All .pdf files are uploaded to Canvas. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Date and time Weighting Topics
CoveredRelated
Learning OutcomeOnline Test 1 Week 5 20% 1,2, & 3 All Online Test 2 Week 9 20% 4,5 & 6 All Final Exam See semester 2 exam timetable, when released, for details 60% All All Total 100% Assessment Related Requirements
To pass this course, 50% overall is required (this subject is not 'double pass').Assessment Detail
Online Test 1: covers topics 1-3
Online Test 2: covers topics 4-6
Final examination: covers all the topics.
More details will be provided closer to the dates.Submission
Both online tests must be completed within the scheduled time frame.
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 University 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 University 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
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
-
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
-
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 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
