FIN540 Empirical Corprate Finance II
Autumn 2020Spring 2021
The course will review and explore the research frontier within empirical corporate finance. In addition, the course will discuss the research projects the students currently are working on. This will prepare the students for the second milestone in their PhD contract, the submission and presentation of their second summer papers. The course emphasizes a deep understanding of the nature and implications of evidence related to corporate financial transactions and investments by (primarily) publicly traded US and European firms for various hypotheses and theories in corporate finance. This includes transactions in the market for corporate control, as well as transactions in which firms raise capital, rebalance capital structure, or file for bankruptcy. As much as possible, the emphasis is on areas where the empirical evidence challenges priors based on economic theory - puzzles or paradoxes. Ultimately, the objective is to help doctoral students find areas of potential dissertation material in the area of corporate finance.
Knowledge - The candidate...
- is knowledgeable of the important topics on the research frontier of empirical corporate finance
- can evaluate and critique various methods and approaches to conducting empirical research in this area
Skills - The candidate...
- can formulate hypotheses, plan and carry out empirical research within empirical corporate finance
- can carry out research and scholarly research work at a high international standard and be able to publish in international peer reviewed finance journals
Competence - The candidate...
- can communicate research within empirical corporate finance, actively participate in debates about the field in national and international scholarly forums, and present his or her own research.
The course takes place over four days. Each day covers three hours of a mix of lectures and student presentations.
Successful completion of FIN521
Student`s active class participation (25 %) and presentation of an individual research paper (75 %) that represents a detailed research proposal or work in progress with the research area of the course.
Selected articles from the following volumes:
Eckbo, B. Espen (ed.), 2007, Handbook of Corporate Finance: Empirical Corporate Finance, Volume 1, (Elsevier/North-Holland Handbook of Finance Series), ISBN: 978-0-44-4508980.
Eckbo, B. Espen (ed.), 2008, Handbook of Corporate Finance: Empirical Corporate Finance, Volume 2, (Elsevier/North-Holland Handbook of Finance Series), ISBN: 978-0-44-4530905.
Constantinides, Geaorge M, Milton Harris and Rene Stulz (eds.), 2013, Handbook of the Economics of Finance, Volume 2A, (North-Holland Handbooks of Economics Series). ISBN: 978-0-44-453594-8.
Lo, Andrew W. and Robert C. Merton (eds.), Annual Review of Financial Economics, Vol. 1 - 9. (Annual Reviews, Palo Alto, Calif.)
Foundations and Trends in Finance, Vol. 1-12. (NOW Publishers, Inc.)
- ECTS Credits
- Teaching language
Professor Espen B. Eckbo, Tuck School of Business, Dartmouth College (USA)