Durham University
Programme and Module Handbook
This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Postgraduate Handbook 2025-2026 (archived)

Module FINN42315: Corporate Finance and Operational Risk

Department: Finance

FINN42315: Corporate Finance and Operational Risk

TypeLevelCreditsAvailabilityModule CapLocation
Tied 4 15 Available in 2025/2026 None. Durham

Tied To

Pre-requisites

  • None

Corequisites

  • None

Excluded Combinations

Aims

  • To provide a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence. Develop students' ability to master the knowledge and understanding at an advanced level of the means by which technology and operational risks can be managed.

Content

  • An Introduction to Corporate Finance and Corporate Governance;
  • Capital Structure;
  • Cost of Capital;
  • Payout Policy;
  • Company Valuation;
  • Operational and Technology Risks
  • Operational risks and effective versus ineffective management
  • Cyber/physical threats and the threat environment

Learning Outcomes

Subject-specific Knowledge
  • have advanced knowledge and critical understanding of essential components of modern corporate finance and associated current research;
  • have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and its implications for professional practice, and be able to identify open questions for their own research.
  • Advanced knowledge and critical understanding of technology and operational risks, cyber/physical threat landscape.
Subject-specific Skills
  • have the ability to learn and work independently in corporate finance, exercising critical judgement and discrimination in the resolution of complex problematic situations;
  • be able to use highly specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in corporate finance;
  • be able to apply problem solving and analytical skills to issues in corporate finance in a complex specialised context.
  • be able to holistically understand the governance and managerial aspects of tech, cyber/physical and operational risks.
Key Skills
  • Written Communication;
  • Planning, Organising and Time Management;
  • Problem Solving and analysis;
  • Using initiative;
  • Numeracy;
  • Computer Literacy

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • A combination of lectures, workshops and guided reading will contribute to achieving the aims and learning outcomes of this module.
  • The summative assignment will test students' knowledge and critical understanding of the material covered in the module, their analytical and problem-solving skills.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotal HoursAttendance Monitored
Lectures 10 1 per week 2 hours 20 Yes
Workshops 4 1 per fortnight 1 hour 4 Yes
Preparation and Reading 126
Total 150

Summative Assessment

ComponentComponent WeightingElementLength/DurationElement WeightingResit Opportunity
Assignment 100% Written Assignment 2500 words 100%

Formative Assessment

Work prepared by students for workshops; answers to questions either discussed during a workshop, or posted on Blackboard. Verbal formative feedback will be given to students as a group throughout the workshops.


Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.