The course will be based on students’ presentations, term papers and in class discussions on the topics listed below. The list covers seminal papers in different areas of Corporate Finance, but is far from being exhaustive and has a bias towards more contemporary empirical work. Students may propose other topics within the realm of corporate finance or banking.
Students’ presentations should give an overview of the literature, its results, its development, and open questions. Presenters (in consultation with the instructor) also select one paper that they discuss in more detail: what the authors try to do, the papers identification or modeling strategy and its relationship to the literature.
Students are expected to read the paper selected by the presenter for in depth discussion before class. They are also expected to ask questions during presentations and participate in class discussions. They may be asked to answer questions about the required readings and presentations orally or in written form, and results will affect participation scores.
A kick-off meeting is held in March in order to allocate the topics. The presentations will take place during the months of May and June. The term paper have to be handed in by the end of August. The course is held in English.
The grade is calculated as a weighted average of the grades for the presentation (45%) the term paper (45%) and participation (10%), including contribution to class discussions. There will be no exams. Attendance is compulsory. The minimum requirement for a positive grade is an at least 50% performance on the presentation, the term paper, and overall, as well as sufficient attendance.