040090 KU Corporate Finance 2 (MA) (2022S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Mo 07.02.2022 09:00 to Mo 21.02.2022 23:59
Registration is open from Th 24.02.2022 09:00 to Fr 25.02.2022 23:59
Deregistration possible until Mo 14.03.2022 23:59

Details

max. 50 participants

Language: English

Lecturers

Anton Van Boxtel

Classes (iCal) - next class is marked with N

Monday 09.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 11.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 16.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 18.05. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Monday 23.05. 15:00 - 16:30 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 25.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 30.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 01.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 08.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 13.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 15.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 20.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 22.06. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 27.06. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 29.06. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 30.06. 11:30 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 26.09. 13:00 - 16:00 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock

Information

Aims, contents and method of the course

Corporate Finance II aims to provide students with a deeper understanding of the theoretical models underlying most of the research on corporate finance and financial intermediation. It will study some of the seminal models and papers in corporate finance applying principles of economics of asymmetric information. The course content will be the following:

I) Firm financing under asymmetric information, signalling and the pecking order theory (Myers and Majluf, 1984; Leland and Pyle, 1977).
II) Firm financing, moral hazard and pledgeable income (Holmström and Tirole, 1997)

III) Mergers and acquisitions: the free-riding problem, toeholds and dilution, voting and corporate governance
IV) IPO's: underpricing, winner's curse and SEO's

VI) Applications of the Holmström-Tirole model: debt overhang, liquidity

If time allows, other topics will also be covered.

There will be both lectures and tutorials. At tutorials, problem sets will be discussed and the solutions will be presented by the students.

Assessment and permitted materials

There will be a mid-term exam and a final exam. Students may be asked to present their solutions to selected problems at tutorials.

Minimum requirements and assessment criteria

50% Mid-term exam
50% Final exam

Minimum requirement for a positive grade: at least 50% for each part.

Examination topics

Exam material: all material discussed in the lecture

Reading list

Tirole, The Theory of Corporate Finance
Selected journal articles
Handouts shared on Moodle

Association in the course directory

Last modified: Mo 26.09.2022 09:48