FIN504B Corporate Finance I

• Topics

  The course follows up on the theory of corporate finance presented in FIN504A. In particular, students will use the material acquired in FIN504A -- such as the effect of agency problems and asymmetric information on the firm's choice of funding source, the design of securities, and the choice of debt maturity structure, how corporate monitoring may reduce agency costs, and how consumer liquidity demand may lead to bank runs -- to read and present current research articles on these topics.

• Learning outcome

  FIN504B is a follow-up of FIN504A with an emphasis on current theoretical research in corporate finance.

  The candidate will on successfully completing the course, be able to:

  Knowledge:

  • relate theoretical concepts in corporate finance to relevant empirical research

  Skills:

  • effectively read, discuss, and present research papers in corporate finance
  • expand on some of the topics to the level of developing own research ideas

• Teaching

  Regular lectures with student presentations

• Restricted access

  PhD candidates from NHH as well as PhD candidates from other institutions can take part in the course.

• Required prerequisites

  Students must take FIN504A prior to FIN504B.

• Assessment

  Paper presentations/discussions.

• Grading Scale

  Pass/fail.

• Computer tools

  none

• Literature

  A number of articles will be assigned.