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889946 |
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Course |
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| Advanced Corporate Finance – Fall 2017 | ||
Faculty |
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| Carsten Sørensen, Professor, Department of Finance, CBS | ||
Course Coordinator |
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| Carsten Sørensen | ||
Prerequisites |
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| Participants are assumed to have a broad knowledge of basic Corporate Finance corresponding to the textbooks Principles of Corporate Finance (Brealey, Myers, and Allen) or Corporate Finance (Berk and de Marzo). Furthermore, participants should have some familiarity with derivatives, portfolio theory, utility functions, basic statistics and probability theory, optimization problems, and vectors and matrices. | ||
Aim |
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To provide participants with a firm, rigorous, and state-of-the-art knowledge and understanding of corporate finance theory and empirics. The course covers fundamental concepts, relations, and models, but it also outlines most recent developments. Both static and dynamic models are discussed, as well as approaches in empirical corporate finance. The course will also discuss research dissemination including various types of presentations and the publication process. |
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Course content |
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| The course will, among other topics, cover agency conflicts, signaling models, taxes, executive compensation and contract theory, capital structure theories | ||
Teaching style |
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44 lectures including discussions of exercises and student presentations. Students have to pass written assignments and to make oral in-class presentations before they are allowed to take the final exam. |
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Lecture plan |
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| NA | ||
Learning objectives |
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| NA | ||
Exam |
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| The course ends with a final oral exam. The student draws a paper from the curriculum. The student then has 20 minutes to prepare an oral presentation of the paper on the white/black-board. The examination lasts 20 minutes including the time the examiner needs to determine the grade and communicate it to the student. The examination begins with the student giving the prepared presentation in front of the examiner for 10-15 minutes, possibly interrupted by clarifying questions by the examiner. Towards the end of the exam, the examiner will normally have supplementary questions related to other papers from the curriculum. | ||
Other |
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This course may be followed by a limited number of students from the Master’s in Advanced economics and Finance (Cand.Oecon.). To sign up send a one-page motivational letter and a grade transcript to ily.stu@cbs.dk no later than Monday 10 July 2017. |
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Start date |
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| 06/09/2017 | ||
End date |
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| 22/11/2017 | ||
Level |
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| PhD | ||
ECTS |
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| 7.5 | ||
Language |
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| English | ||
Course Literature |
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| The core literature consists of 20-30 journal articles. | ||
Fee |
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| 9,750 DKK | ||
Minimum number of participants |
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| 10 | ||
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Maximum number of participants |
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| 20 | ||
Location |
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Wednesdays from 9-13 in Solbjerg Plads - Room SP A5.32 2000 Frederiksberg |
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Contact information |
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Bente S. Ramovic |
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Registration deadline |
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| 15/08/2017 | ||
| Please note that your registration is binding after the registration deadline | ||