Seminar Corporate Finance 2


Aims

This course provides an overview of the classical as well as the more recent empirical research in corporate finance. The goal of the course is to:

(i) introduce students to an array of topics in corporate finance,

(ii) help develop a critical attitude vis-à-vis research questions, empirical methods and findings that will be useful to students in for their own research and

(iii) initiate students to the process of reviewing academic articles (i.e., learn to discuss strengths and weaknesses of the studies, and assess their overall contribution to the literature).

Information

The course consists is set up in a seminar style and covers the following topics:
•    Capital market imperfections and corporate policy
•    Product-market/capital-market interactions
•    Ownership and performance
•    Executive compensation
•    Start-up financing
•    Private equity and buyouts
•    Collateral-based lending
•    Banks and the macroeconomy

In each meeting we will discuss classical papers as well as more recent work related to a 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. At the meetings each of the assigned papers will be summarized by a student and will be 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.             
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.

Assignment

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.