FIN41440 Corporate Finance (BB)

Academic Year 2023/2024

The course will introduce students to the principles of financial management in the context of biotech/biotherapeutic based businesses. It is essentially concerned with how corporations raise, manage and spend money and is designed to provide an essential understanding of financial decision-making within a corporation.

In the context of biotechnology / biotherapeutics, the module will build the theory of Real Options with a view to making strong connections between financial theory and the financing and valuation of technology based firms

Major course themes include investment appraisal, cost of capital, capital structure, financial options, real options and the market for corporate control.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should:
• Develop a strong understanding and appreciation of the fundamental economic and
financial theories underlying corporate finance

• Achieve a good practical understanding of three principal financial decisions that flow from
shareholder wealth maximization, namely (a) the financing decision, (b) the investment
decision, and (c) the dividend decision

• Develop strong analytical skills in the application of ‘options technology’ to investment
decision making.

• Review the Financial Performance of a Public Company in the Biotechnology / Biotherapeutics
Space.

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Specified Learning Activities

36
Autonomous Student Learning

100
Total

160
Approaches to Teaching and Learning:
This module will be taught face to face

Should Circumstances determine that face to face meetings are not possible then every effort will be made support teaching and learning in an on-line environment.

-We will also have a few Workshop Sessions to engage with Numerical Examples
-Students will be assigned to Groups early in the module to facilitate Group Work. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final Exam 2 hour End of Trimester Exam No Graded No

50
Group Project:
- Completion of both a Written Group Project and Presentation on a Publicly Quoted Biotech Company of Choice
- Special Focus on Financial Analysis and Corporate Finance Considerations		 Throughout the Trimester n/a Graded No

50

Carry forward of passed components
Yes
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Peer review activities

How will my Feedback be Delivered?

Mid Semester Timed Quiz Assessment based on pre-defined template for individual assignment and group project Attendance and Participation

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Spring
      
Lecture Offering 1 Week(s) - 23, 24, 26, 29, 30, 31, 32, 33 Thurs 14:30 - 17:20