FM421      Half Unit
Applied Corporate Finance

This information is for the 2017/18 session.

Teacher responsible

Prof Ashwini Agrawal


This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MIM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Accounting and Finance, MSc in Econometrics and Mathematical Economics, MSc in Economics and Management, MSc in Finance and Economics, MSc in Management and Strategy and MSc in Risk and Finance. This course is available as an outside option to students on other programmes where regulations permit.


This is an advanced applied course and a thorough understanding of the major theoretical issues and concepts is required.

Students on the MSc in Econometrics and Mathematics Economics, MSc in Economics and Management, MSc in Management and Strategy may take this course if they have fulfilled the compulsory prerequisites. These students may only take this course if they have taken at least one of the following courses in Michaelmas Term: FM473M Finance I, FM474M Managerial Finance or FM431M Corporate Finance A.

Course content

Provides a thorough grounding in recent developments in applied corporate finance. The course involves a study of the applied corporate finance literature and case studies. It will examine valuation techniques, capital structure and payout policy, raising capital, going public, financial risk management by firms, corporate governance, takeovers and insolvency.


30 hours of seminars in the LT.

This course is taught in two separate streams.

Formative coursework

Class papers and case based research are required.

Indicative reading

Articles from journals and readings from D H Chew, The New Corporate Finance: Where Theory Meets Practice (3rd edn, McGraw Hill); M Grinblatt & S Titman, Financial Markets and Corporate Strategy, (2nd edn, McGraw Hill).


Exam (90%, duration: 2 hours) in the main exam period.
Coursework (10%) in the LT.

Key facts

Department: Finance

Total students 2016/17: 225

Average class size 2016/17: 76

Controlled access 2016/17: Yes

Value: Half Unit

Guidelines for interpreting course guide information