Module overview
This module provides a comprehensive overview of how businesses can operate with a sustainable and socially responsible manner. The module is designed to explore what constitutes a socially responsible business, the impact of socially responsible business activities on shareholder wealth and return and the role of executive compensation.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- Fundamentals of socially responsible and sustainable business practices for current and future corporate settings;
- Core corporate finance theories and their evolvement to adapt towards a dynamic business ecosystem;
- Different strategies needed to shape responsible business practices;
- Practical implications of responsible business practices.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Assess the long-term value and impact of responsible business practices on shareholders and stakeholders;
- Evaluate the practical relevance of sustainable business practices.
- Critically evaluate the alternative theories of corporate finance and their relation to sustainable business practices;
- Explore methods to quantify and assess socially responsible businesses;
- Evaluate and discuss responsible and sustainable business practices;
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Demonstrate high level of oral and written communication skills by analysing issues related to responsible and sustainable business topics achieved via discussions, assignments, presentations and exams.
Syllabus
The module syllabus will cover the following topics:
- Understanding the fundamentals of a responsible business
- The returns to responsible business
- The role of shareholders and stakeholders in responsible business practices
- Executive pay and sustainability
- Responsible investment practices
- Responsible stewardship
- Corporate strategies to achieve a responsible and sustainable business
Learning and Teaching
Teaching and learning methods
The structure of this module involves 24 contact hours in total taking place in semester 2. The lectures account for 14 hours of contact time, during which individual topics are introduced.
The teaching methods include:
- Lectures
- Practical and discussion based questions (embedded as part of the lecture)
- Case studies
- Discussion of academic papers
- Other learning materials (videos, podcasts, etc)
The learning methods include:
- Case studies
- Discussion and numerical exercises
- Independent study
Type | Hours |
---|---|
Teaching | 24 |
Independent Study | 126 |
Total study time | 150 |
Resources & Reading list
Textbooks
Thompson, S. (2021). Green and sustainable finance: Principles and Practice.
Schoenmaker, D., & Schramade, W. (2018). Principles of sustainable finance.
Edmans, A. (2020). Grow the pie.
Vargas, C. (2023). Sustainable Finance Fundamentals.
Assessment
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Group Coursework | 30% |
Closed book Examination | 70% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Examination | 100% |