Study programme 2025-2026Français
Seminar in Corporate Finance
Programme component of Master's in Business Engineering (MONS) (day schedule) à la Warocqué School of Business and Economics

CodeTypeHead of UE Department’s
contact details
Teacher(s)
UW-M2-IGGEST-103-MCompulsory UELORENT BenjaminW751 - Finance
  • LORENT Benjamin

Language
of instruction
Language
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Anglais
Anglais02100033.001st term

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
W-FINA-056Seminar in Corporate Finance - AAEP012000Q1
W-FINA-057Seminar in Corporate Finance - AAEHP09000Q1

Integrated test : there will be no assessment for each AA but a single assessment for the UE.
Programme component

Objectives of Programme's Learning Outcomes

  • Mobilise expertise in at least one area of management.
    • Master the principal decision-making processes of a company.
    • Mobilise acquired skills in a specific professional environment.
  • Professionally communicate and present original work both orally and in writing.
    • Conduct scientific reasoning on complex or innovative management issues.
    • Communicate and interact in a clear and structured manner, orally and in writing, on issues, analyses and projects.
  • Collaborate within a team and exercise leadership.
    • Listen to team members and encourage expressing a shared opinion. Accept and discuss a different point of view than theirs.
  • Prioritise responsible management practices.
    • Act in compliance with specific legislative frameworks.
  • In an active and integrated manner, master knowledge in the various fields of management and use them effectively in a professional context.
    • Integrate highly specialised knowledge in different fields of management.
    • Appropriately mobilise expertise taking into account the constraints and resources in the situation encountered.
  • Be independent and regularly adapt to new contexts.
    • Demonstrate independence and persevere, despite the difficulties or initial errors, to find an optimal solution.
  • Adopt a scientific approach of analysis and reasoning.
    • Master the different steps and methods to carry out research on complex or innovative management issues.
  • Develop innovative strategies.
    • Master the principal decision-making processes of a company.
  • Integrate scientific and technological processes.
    • Master highly specialised skills in certain areas of management, including the management of production and logistics.
    • Identify, model and analyse real and complex problems in management sciences.
  • Manage a project within an organisation.
    • Mobilise the methods and management support tools in changing contexts.
    • Demonstrate an open mind and adaption.

Learning Outcomes of UE

The course will examine the nature and purpose of the firm and the determinants of its value, including particularly the impact of the policies and decisions of its Board and management. The practical application of selected modern theories concerning the operation of the core components of corporate financial policy, (those being the financial planning, investment policy, dividend policy, and capital structure of the firm) will be reviewed. The practices employed in the execution of selected corporate transactions will be examined from the perspective of shareholder value creation. Current notable market situations will be reviewed and discussed as they unfold. The course will only be based on business cases about companies. 

UE Content: description and pedagogical relevance

Capital Structure; Dividend Policy; Interaction between Financing and Investing Policies; Cost of Capital; Sustainable Growth 

Prior Experience

A course of corporate finance 

Type(s) and mode(s) of Q1 UE assessment

  • Written examination - Face-to-face
  • Production (written work, report, essay, collection, product, etc.) - To be submitted in class
  • Oral examination - Face-to-face
  • Oral presentation - Face-to-face
  • Seminar participation - Face-to-face

Q1 UE Assessment Comments

-

Type(s) and mode(s) of Q1 UE resit assessment (BAB1)

  • Written examination - Face-to-face
  • Production (written work, report, essay, collection, product, etc.) - To be submitted in class
  • Oral examination - Face-to-face
  • Oral presentation - Face-to-face
  • Seminar participation - Face-to-face

Q1 UE Resit Assessment Comments (BAB1)

-

Type(s) and mode(s) of Q3 UE assessment

  • Written examination - Face-to-face
  • Production (written work, report, essay, collection, product, etc.) - To be submitted in class
  • Oral examination - Face-to-face
  • Oral presentation - Face-to-face
  • Seminar participation - Face-to-face

Q3 UE Assessment Comments

-

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
W-FINA-056
  • Travaux pratiques
  • Etudes de cas
W-FINA-057
  • Travaux pratiques
  • Etudes de cas

Mode of delivery

AAMode of delivery
W-FINA-056
  • Face-to-face
W-FINA-057
  • Face-to-face

Required Learning Resources/Tools

AARequired Learning Resources/Tools
W-FINA-056Business Cases 
W-FINA-057Business Cases 

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
W-FINA-056Not applicable
W-FINA-057Not applicable

Other Recommended Reading

AAOther Recommended Reading
W-FINA-056Berk J. & DeMarzo P., (2017), Corporate Finance, 4th edition, Pearson. Brealey R.A., Myers S.C. & Allen F., (2016), Principles of Corporate Finance, 12th edition, Mc Graw Hill. Myers S. C. (1984), " The Capital Structure Puzzle ", Journal of Finance, 39, pp. 575-592. Modigliani F. & Miller M. (1958)
W-FINA-057Berk J. & DeMarzo P., (2017), Corporate Finance, 4th edition, Pearson. Brealey R.A., Myers S.C. & Allen F., (2016), Principles of Corporate Finance, 12th edition, Mc Graw Hill. Myers S. C. (1984), " The Capital Structure Puzzle ", Journal of Finance, 39, pp. 575-592. Modigliani F. & Miller M. (1958)
(*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term
Date de dernière mise à jour de la fiche ECTS par l'enseignant : 12/05/2025
Date de dernière génération automatique de la page : 14/03/2026
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111
Courriel: info.mons@umons.ac.be