Aims/Description: This module focuses on the principles underlying financial decision making in the context of manufacturing organizations. Concerning investment decisions, the module reviews the determination of the cost of capital under uncertainty based on the Capital Asset Pricing Model (CAPM). In terms of financing decisions for a manufacturing organization, the link between shareholder value and financing choices (debt versus equity financing) and dividend policy is examined. The motives behind mergers and acquisitions and the psychological effects that systematically bias investor behaviour and therefore cause persistent mis-pricings are also discussed.

Staff Contact: Sharon Rose
Teaching Methods: Lectures, Independent Study
Assessment: Course work

Information on the department responsible for this unit (Management School):

Departmental Home Page
Teaching timetable


The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption.

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Teaching methods and assessment displayed on this page are indicative for 2021-22. Students will be informed by the academic department of any changes made necessary by the ongoing pandemic.

Western Bank, Sheffield, S10 2TN, UK