Department of Business Administration
Dean:Dr. Friðrik Már Baldursson
Email:vd@ru.is
Website:http://www.ru.is/vd
TeachersView
MSc in Corporate Finance
Semesters:4
Years:2
ETCS:120
Learning OutcomesView
Education cycle2
Degree titleMaster in Corporate Finance
Legend
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
Print
Haustönn/Fall 2019
More infoCreative Approaches and Entrepreneurial MindsetsElectiveV-702-CREMECTS 7,5
More infoInnovation and Entrepreneurship: A field of knowledge and practiceElectiveV-703-INENECTS 7,5
More infoFundamentals in Tourism and Hospitality ManagementElectiveV-704-FTHMECTS 7,5
More infoFinancial Reporting and Accounting Standards IElectiveV-705-FIR1ECTS 7,5
More infoAuditing, Auditing Standards and Ethics in Accounting and AuditingElectiveV-706-AUD1ECTS 7,5
More infoStrategic ManagementElectiveV-712-STJOECTS 7,5
More infoOrganizational PsychologyElectiveV-715-ORPSECTS 7,5
More infoAdvanced Business InformaticsElectiveV-725-ABINECTS 7,5
More infoStaffing: from recruitment to terminationElectiveV-730-STRTECTS 7,5
More infoLabour lawElectiveV-731-LALAECTS 3,75
More infoChange management and leadershipElectiveV-736-CMLEECTS 7,5
More infoInternational MarketingElectiveV-736-INMAECTS 7,5
More infoAdvanced and digital marketingElectiveV-738-ADDMECTS 7,5
More infoEnterprise ArchitecturesElectiveV-746-ENARECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoCorporate FinanceCoreV-765-CORPECTS 7,5
Year
1. yearPrint
SemesterFall 2019
Level of courseN/A
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Lecturer
Claus Parum
Content
 The purpose of the course is to provide students with a solid knowledge of theories and models for corporations’ capital budgeting and financing decisions and to enhance their skills and competences to apply this knowledge. The following topics and concepts are covered: Goal of the corporation, the capital budgeting decision, investment decisions under certainty, relationship between risk and return (portfolio risk, beta and CAPM), cost of capital, analyzing capital budgeting and risk, practical problems in capital budgeting, financing decisions, payout policy, capital structure, corporate governance and control, and an overview of the efficient market hypothesis. The course also addresses financial leasing, mergers, and corporate restructuring.
Learning outcome - Objectives
Knowledge: On completion of the course students should:
- Be familiar with corporate finance vocabulary / theories / methods / models and underlying assumptions.
- Have a clear understanding of the goal of the corporation.
- Understand the relationship between risk and return.
- Have a clear understanding of how to estimate the cost of capital and how to value projects, firms, and stocks.
- Have a clear understanding of when financing (capital structure) and payout policy matters and when it does not.
- Be familiar with corporate control (who runs the business?) and corporate governance (making sure managers act in shareholders’ interests).
- Be familiar with the Efficient Market Hypothesis.
Skills: On completion of the course students should:
- Be able to evaluate a proposed investment project.
- Be able to assess the value impact of changes in capital structure and of payout policy.
- Be able to analyze financial leasing, mergers, and corporate restructuring.
- Be able to identify the effects of agency problems (conflicts of interests) and asymmetric information on the allocation of capital.

Competences: On completion of the course students should:
- Be able to independently combine and logically structure corporate finance vocabulary / theories / methods / models / regulatory/institutional/practical knowledge, and empirical evidence to solve corporate finance problems.
- Be able to solve corporate finance problems through accurate and correct calculations.
- Be able to show, explain and justify all relevant calculations to solve a given problem and to state and discuss the assumptions behind the theories / methods / models.
- Be able to manage a firm’s investments and justify investment decisions.
- Be able to make and justify financing decisions in the corporate context.
- Develop and implement a firm’s payout policy.
- Be able to work both independently and in a team on the financial issues of a firm.

Course assessment

Reading material
No reading material found.
Teaching and learning activities

Language of instructionEnglish
More infoInternational FinanceCoreV-767-INTFECTS 7,5
More infoCorporate TaxationElectiveV-772-TAX1ECTS 7,5
More infoAdvanced Topics in Emerging TechnologiesElectiveV-795-ATETECTS 7,5
More infoPerformance ManagementElectiveV-830-PEMAECTS 3,75
More infoPortfolio ManagementCoreV-862-PORTECTS 7,5
More infoEquity AnalysisCoreV-863-EQUIECTS 7,5
More infoMSc ThesisElectiveV-888-THHLECTS 7,5
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMSc ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2020
More infoIntegrated Project I; Conceive and DesignElectiveT-800-INT1ECTS 8
More infoGlobal Issues in Travel and TourismElectiveV-711-GLTTECTS 7,5
More infoConsumer BehaviorElectiveV-712-COBEECTS 3,75
More infoInnovation ManagementElectiveV-713-INNMECTS 7,5
More infoEntrepreneurship and Innovation in ContextElectiveV-715-ENICECTS 3,75
More infoBusiness Process ManagementElectiveV-716-BPMAECTS 7,5
More infoFixed Income AnalysisElectiveV-716-FINCECTS 3,75
More infoManagement controlElectiveV-717-CPMAECTS 7,5
More infoImplementation of information systemsElectiveV-717-IMISECTS 3,75
More infoEntrepreneurial FinanceCoreV-733-ENTRECTS 7,5
More infoInternational and labour economicsElectiveV-733-ILECECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoStrategic HRM and MetricsElectiveV-745-STRAECTS 7,5
More infoBusiness Research MethodologyElectiveV-746-REMEECTS 7,5
More infoCases in corporate financeCoreV-763-COR2ECTS 7,5
More infoFinancial Reporting and Accounting Standards IIElectiveV-765-FIR2ECTS 7,5
More infoApplied DerivativesCoreV-766-APDEECTS 7,5
More infoConsolidated Financial StatementsElectiveV-767-SAREECTS 7,5
More infoBusiness research methodology in accounting and financeCoreV-782-BRMAECTS 7,5
More infoBusiness Intelligence and AnalyticsElectiveV-784-REK5ECTS 7,5
More infoCorporate LawElectiveV-802-BULAECTS 7,5
More infoTourism MarketingElectiveV-840-TOMAECTS 7,5
More infoTraining and DevelopmentElectiveV-840-TRDEECTS 3,75
More infoAccounting for derivatives and other financial instrumentsElectiveV-871-AFLEECTS 7,5
More infoMSc ThesisElectiveV-888-THHLECTS 7,5
More infoResearch ProposalCoreV-898-REPRECTS 0