Corporate Finance

About the course

Subjects

Finance

Course content

The first part of the course introduces students to corporate finance. The second part of the course provides students with a research-based knowledge and understanding of core topics in corporate finance focusing on the implications of asymmetric information and agency conflicts. The course covers corporate valuation, capital structure, payout policy, and corporate governance. It is a fundamental finance course and complements the course on asset pricing theory.

See course description in course catalogue

What you will learn

1) Apply capital budgeting techniques and perform valuations
2) Explain when and how taxes, agency problems, and asymmetric information affect capital structure, payout policy, and firm values
3) Explain the possible implications of frictions on further topics including financing choices, investment decisions, executive compensation, and risk management
4) Put corporate finance insights from research papers into context and perspective

Course prerequisites

This is a mandatory course for the MSc in Advanced Economics and Finance. It is assumed that students have knowledge similar to the entry requirements for this program. The course has 42 confrontation hours and there is a high level of interaction between lecturer and students, and in general a high work load. To sign up send a 1-page motivational letter, a 1-page CV, and a grade transcript to ily.stu@cbs.dk before the registration deadline for elective courses. You may find the registration deadlines on my.cbs.dk ( https://studentcbs.sharepoint.com/sites/ChoicesAndOptions/SitePages/en/Registration-for-electives.aspx ). Please also remember to sign up through the online registration.

Facts

Level

Master

Type

Mandatory course – also offered as elective

ECTS

7.5

Code

CEADO1003U

Teaching periods

Autumn – semester

Academic year

2025/2026

Status

Available places

Teaching language

English

Teaching Format

Hybrid

Exams

Oral exam on campus
Individual exam, winter
Written exam on campus
Individual exam, autumn

Assessment type

7 point grading scale