Universität Wien

040144 UK Business History (UK) (2015W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

In this course, students present seminal or recent academic journal articles (“papers”) published in leading business history or related journals. The selection of the articles base on my research interest and cover the fields of corporate finance & governance, financial markets & institutions, and innovation.
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Dienstag 24.11. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 24.11. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 01.12. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 01.12. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 15.12. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 15.12. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 12.01. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 12.01. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 19.01. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 19.01. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 26.01. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 26.01. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

In general, students are allocated into team of two students, following the alphabetical order of students’ family names. Each team is required to present the content of one paper in one presentation of about 30-35 minutes, i.e., students have to work in teams. Moreover, students must write a 400 words executive summary of the two articles. This summary will be distributed to the other students in the class.

A decent presentation critically covers various topics, e.g.:
• What is the research question and why is this important?
• What kind of theory is, explicitly or implicitly, used in the article?
• What kind of data is used to (empirically) test the theory?
• What kind of method is used to test the theory?
• What are the results?
• Are you convinced by the question, design, and result of the paper?
• What have you actually learned by reading the article?
• What questions were raised, but not answered in the paper?

Please keep in mind that you are not showing a moving! Given the time constraint (30-35 minutes), you should not have more than 15 slides.
You may copy important tables, graphs etc. from the article, but your presentation should stay focused on the key points you want to make.

Type of examination:
Active participation in each session (25%)
Your presentation (50%)
Your executive summary (25%)

Art der Leistungskontrolle und erlaubte Hilfsmittel

Type of examination:
Active participation in each session (25%)
Your presentation (50%)
Your executive summary (25%)

Mindestanforderungen und Beurteilungsmaßstab

Prüfungsstoff

Literatur

Corporate finance and governance (24 November and 1 December 2015)
1. Acheson and Turner: The impact of limited liability on ownership and control: Irish banking, 1877-1914, in: Economic History Review, 59 (2), 2006, 320-346
2. Campbell and Turner: Substitutes for legal protection: corporate governance and dividends in Victorian Britain, in: Economic History Review, 64 (2), 2011, 571-597
3. Turner, Ye, and Zhan: Why do firms pay dividends? Evidence from an early and unregulated capital market, in: Review of Finance, 17 (5), 1787-1826
4. Foreman-Peck and Hannah: Extreme divorce: the managerial revolution in UK companies before 1914, in: Economic History Review, 65 (4), 2012, 1217-1238
5. Cheffins, Koustas, and Chambers: Ownership dispersion and the London stock exchange’s two-thirds rule: An empirical test, in: Business History, 55 (4), 2013, 667-690
6. Musacchio: Laws versus contracts: Shareholder protections and ownership concentration in Brazil, 1890-1950, in: Business History Review, 82 (3), 2008, 445-473
7. Perotti and von Thadden: The political economy of corporate control and labor rents, in: Journal of Political Economy, 114 (1), 2006, 145-174
8. Rajan and Zingales: The great reversals: the politics of financial development in the twentieth century, in: Journal of Financial Economics, 69 (1), 2003, 5-50

Financial markets & institutions (15 December 2015 and 12 January 2016)
1. Chambers and Dimson: IPO underpricing over the very long run, in: Journal of Finance, 64 (3), 2009, 1407-1433
2. Chambers: Gentlemanly capitalism revisited: a case study of the underpricing of initial public offerings on the London Stock Exchange, 1946-86, in: Economic History Review, 62 (Special Issue), 2009, 31-56
3. Burhop, Chambers, Cheffins: Regulating IPOs: Evidence from going public in London, 1900-1913, in: Explorations in Economic History, 51 (1), 2014, 60-76
4. Edelstein: Realized rates of return on UK home and overseas portfolio investment in the age of high imperialism, in: Explorations in Economic History, 13 (3), 1976, 283-329
5. Edlinger, Merli, and Parent: An optimal world portfolio on the eve of World War I: Was there a bias to investing in the new world rather than Europe?, in: Journal of Economic History, 73 (2), 2013, 498-530
6. Acheson, Turner, and Ye: The character and denomination of shares in the Victorian equity market, in: Economic History Review, 65 (3), 2012, 862-886
7. Campbell, Turner, and Walker: The role of the media in a bubble, in: Explorations in Economic History, 49 (4), 2012, 461-481
8. Chambers and Esteves: The first global emerging market investor: Foreign & colonial Investment trust 1880-1913, in: Explorations in Economic History, 52 (2), 2014, 1-21

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:28