FIN502 Corporate Finance Theory

• Topics

  1. Capital Structure: Modigliani and Miller
  2. Agency Considerations in Corporate Finance
  3. Corporate Governance and Control
  4. Optimal Security Design
  5. Debt Structure and Seniority
  6. Asymmetric Information and Signaling
  7. Theory of the Firm

• Learning outcome

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

  Knowledge:

  Explain the fundamental concepts in advanced corporate finance theory

  Relate theoretical concepts in corporate finance to relevant empirical research

   

  Skills:

  explain intuitively as well as mathematically the topics covered

  effectively read and understand research papers in corporate finance theory

  expand on some of the topics to the level of developing own research ideas

• Teaching

  Regular lectures.

• Required prerequisites

  Good knowledge of finance and microeconomic concepts & tools at the intermediate level.

• Requirements for course approval

  Three written assignments.

• Assessment

  Three written assignments during the course (1/3 each).

• Grading Scale

  Grading scale A - F.

• Computer tools

  none

• Literature

  Jean Tirole (2005), The Theory of Corporate Finance

  In addition, a number of articles will be assigned.