Course outline for BUSN85 STRATEGIC CORPORATE FINANCE, Fall 2014, 7.5 credits
The main objective of the course is to further your understanding of the theory and econometrics of corporate finance beyond what is covered in previous courses in corporate finance (esp BUSN92 Empirical Corporate Finance). It is not necessary to have completed BUSN92 Empirical Corporate Finance (corporate finance students), nor BUSN80 Financial Econometrics and BUSN81 Theory of Corporate Finance (MSc finance students), but you are expected to hold equivalent knowledge of the theory and econometrics of corporate finance. The course emphasizes three perspectives: behavioral corporate finance, ...view middle of the document...
Each team should hand in a project report on each assignment not exceeding four pages (1½-line spacing, 12pt, times new roman, 2.5 cm margins), which may be accompanied by a maximum three pages appendices containing supporting tables and calculations. The project reports should be handed in as hardcopy as well as be sent to Susanne.email@example.com (assignment 1) and firstname.lastname@example.org (assignment 2).
When grading the team assignments we separate between the product – the assignment reports – and the work process. You must receive a passing grade on each product as well as on the work process to pass the team-based case assignments. The assignments will be scored as follows:
A = 15 points
A- = 90% of A
B = 80% of A
C = 70% of A
D = 60% of A
E = 50% of A
F = 0 points
Teams that provide a competent report will get an E. A very weak or no solution yields a mark of F. Grading of the case solutions focuses on the depth, quality, logic, credibility, completeness, and accuracy of the analysis, your ability to identify the main issues, theoretical and analytical soundness of your approach to your decision, and clarity and succinctness of the report. If a product is failed, the team must retake the assessment on a new case company. Once passed, the make-up case will receive a grade E.
* Team-based assessment – the work process: The process is graded Pass or Fail and is determined through peer assessment. Each team member must hand in a peer assessment, where you grade your own and each of the other team members' individual contributions to the teamwork. The peer assessment is due when the final team assignment is presented. If you fail to hand in a peer assessment and on time this will be interpreted as assigning your fellow team members full score on the peer assessment. Based on the peer assessment a peer assessment factor will be calculated (see section Team work and peer assessment for further details). If your peer assessment factor is below 0.9 you fail on the work process. You will then be assigned two new cases that are to be solved individually in writing (four pages, 1½-line spacing, 12pt, times new roman, 2.5 cm margins), which will be graded Pass or Fail.
* Computer-based problem sets: You will solve two computer-based problem sets individually. The problem sets assess your ability to choose model, put the chosen model to use, and interpret the results. Your solutions should consist of written answers to the exercises. If you complete all exercises on a problem set you get 5 points; if you complete less than all exercises you get 2.5 points.
* Written examination: The written examination consists of qualitative and quantitative questions on the material covered in the reading materials, lectures, and cases – you are responsible for what is in the assigned readings, as well as for what is covered in class. The exam consists of 60 points and you need to achieve a score of at least 50% to pass....