Seminar Corporate Finance 2
Aims
This course provides an overview of classical and more recent empirical research in Corporate Finance. Students will become familiar with important topics in this area, learn to discuss strengths and weaknesses of the studies, and assess the overall contribution to the literature. The goal of the course is twofold: On the one hand, students get the opportunity to deepen their knowledge of the topics in empirical corporate finance. On the other hand, students develop a critical attitude vis-à-vis research questions, empirical methods, and empirical results that will be useful for their own research, the collaboration with co-authors, preparing discussions at conferences, and writing referee reports.
Information
The course consists is set up in a seminar style and covers the following topics: Capital structure: Partial adjustment models; Mergers and acquisitions; Behavioral corporate finance from the perspective of irrational managers; Behavioral corporate finance from the perspective of an irrational market; Corporate governance, earnings management and fraud; Informational effects of corporate governance; Syndicate lending; Information and incentives in bank lending.
In each meeting we will discuss classical papers related to an overarching topic. Students will submit questions related to the reading material before each meeting. These questions will serve as a starting point of the discussion in class. During each meeting there will be paper presentations given by the students and followed by an in-depth discussion led by the lecturer. After the meeting students will be asked to write a referee report on a recent paper related to the topic. The papers will be assigned to the student by the lecturer. In the sessions with the guest lecturers all students will prepare and submit questions and a referee report about the presented paper before the session, and one student will be asked to give a critical conference-style discussion. Afterwards there will be a joint discussion with the guest lecturer.
Assessment
Presentations, participation, and written assignments (referee reports)
Materials
Selected journal articles and working papers (will be announced on Blackboard)
Additional info
More information and detailed timetables can be found here.
ERIM PhD candidates and Research Master students can register for this course via SIN Online.
External (non-ERIM) participants are welcome to this course. To register, please fill in the registration form and e-mail it to miizuka@rsm.nl by four weeks prior to the start of the course. Please note that the number of places for this course is limited. For external participants, the course fee is 260 euro per ECTS credit.
