Corporate Financial Strategy
The module covers:
- investment, capital structure and divident decisions from a shareholder value perspective
- capital market behaviour (background)
- real options
Current Issues in Accounting
The module will cover five lectures within each the following two areas:
- Current issues in financial accounting and reporting
- Current issues in management accounting
Indicative topic areas include:
- corporate governance issues
- changing nature of management accounting
- contemporary management accounting techniques
- case study research in management accounting
Financial Security Valuation
Equity, fixed income and derivative securities will be considered individually and portfolios. These will be presented as extensions of previously studied material as well as new topics.
Financial Statement Analysis
The module prepares you to analyse the financial performance of companies, to assess their prospects and to estimate their valuation.
The module is structured primarily from the point of view of investors and analysts, rather than from a company perspective. The module teaches you both theoretical and practical understanding of the financial performance of companies, and how to apply it for valuation.
Further Quantitative Research Methods
The module includes:
- matrix algebra
- differential calculus
- multiple regressions
- time series
- qualitative response
- panel data models
Introduction to Research Methods
Part 1: Introduction Quantitative Analysis
- Survey design and measurement
- Introduction to statistics; hypothesis testing, t-tests, ANOVA, regression analysis and factor analysis
Part 2: Introduction Qualitative Analysis
This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.
Advanced Issues in Financial Reporting
The module will cover some or all of the following topics:
- Positive Accounting Theory
- Voluntary disclosure
- Corporate governance
- Earnings quality
- Payout policy
Advanced Management Accounting
The module will cover some or all of the following:
- Management accounting in context
- Traditional approaches to costing and management accounting
- Contemporary approaches to costing and management accounting
- Strategic management accounting
- Quality cost management
- Activity-based costing and management
- Balanced scorecard
- Global issues in management accounting
- Methodological issues in management accounting research
The module covers:
- perspectives on corporate governance
- instruments of governance; active shareholders, board of directors, organisational and financial structure, executive remuneration
- the market for corporate control
- government and governance
- comparison of national approaches to governance
The module will provide an introduction to modern econometric techniques for modelling financial data. It covers relatively advanced econometric techniques such as dynamic panel data modelling, generalised methods of moments, multinomial models, selection models GARCH, risk measurement and continuous time models.
The module uses a game-theoretic approach to analyse strategic firm-behaviour. It intends to cover topics like static and dynamic models of imperfect competition, product differentiantion, market entry, merger and acquisition, and privatisation.
This module examines contemporary developments in the theory and practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including international banking and the Euromarkets.
Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the module.
Quantitative Risk Management
The module covers:
- the development of quantitative risk management and its use by firms to measure and manage their risk
- measures of risk: value at risk, expected shortfall, and other risk measures
- uses of quantitative risk measures: estimating risk measures - historical simulation approaches, parametric approaches and Monte Carlo simulation approaches
- volatility forecasting
- estimating liquidity risks
- backtesting risk models
- risk measurement using Extreme Value Theory
- model and parameter risk
Risk Management in Financial Institutions
The module covers risks specific to financial institutions (including liquidity, credit, market, and operational); techniques for managing such risks; the organisation of the risk management process in financial institutions. Financial institutions include banks, other deposit-taking institutions, life and general insurance companies.
Content complements that covered in modules such as Corporate Risk and Quantitative Risk Management.
Theory of Risk and Insurance
This module introduces you to individual risk theory. Decision-making under certainty is covered and the standard theory of subjective expected utility is developed as a special case, along with problems of information asymmetry. Applications to gambling and insurance markets are reviewed. Empirical studies of these theories, based on laboratory or field data, are reviewed.
Venture Capital and Private Equity
The module covers venture capital and private equity provide risk capital to firms at various stages of their life-cycle. This involves selecting investments, structuring deals, valuation of investment opportunities, leveraged buyouts (LBOs), managing portfolio firms, and exit.
The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.