Universität Wien

390046 SE Corporate Finance Theory (2018W)

Prüfungsimmanente Lehrveranstaltung

An/Abmeldung

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

Details

Sprache: Englisch

Lehrende

Termine

Block, January 22-31, 2019
Seminar Room 3.307 (3rd floor, Faculty of Business, Economics and Statistics)

Tuesday 22.01. 11:30-13:00 and 14:00-15:30
Wednesday 23.01. 09:30-11:00 and 11:30-13:00
Thursday 24.01. 09:30-11:00 and 11:30-13:00

Tuesday 29.01. 10:30-12:00 and 13:00-14:30
Wednesday 30.01. 09:30-11:00 and 11:30-13:00
Thursday 31.01. 09:30-11:00 and 11:30-13:00


Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The Modigliani Miller theorem (1958) states that, when markets are perfect
and complete, financial structure is irrelevant. In this context, corporate finance
is just a veil. The specific forms taken by corporate financing don't affect welfare
or value. Since that seminal and provocative paper, corporate finance theorists
have endeavoured to study how, when Modigliani and Miller's assumptions are
relaxed, and the market is assumed to be imperfect and incomplete, financial
becomes relevant.
-> More information will be povided on Moodle.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Grading: Your grade will be based on i) your oral presentation, and ii) the
four pages written summary and dicussion of the paper you will hand me on the
day of your presentation. To get a good grade: make sure your presentation is
well prepared, organised, clear, and interesting. You are not expected to cover
everything there is in the paper. Quite to the contrary, you are expected to
select what you think is the most interesting.
Don't read your presentation notes. You can have one speaker per group or
several speakers; it's your choice, but be well organised.

Mindestanforderungen und Beurteilungsmaßstab

Prüfungsstoff

Literatur

Reading material: Tirole (2006) is an excellent textbook, which you
should definitely read. I will also provide the slides used in class, which can
be used as lecture notes. In addition, Biais et al (2013) survey the dynamic financial contracting literature, while Laffont and Martimort (2002) offer a really
excellent introduction to the theory of contracts and incentives.
-> The articles on which each class is based on are listed on Moodle.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Di 18.12.2018 09:49