Universität Wien

040090 KU Corporate Finance 2 (MA) (2024S)

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).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Most likely, only the first fourteen of fifteen of these are going to be used. The rest are there as a buffer in case rescheduling is necessary.

  • Wednesday 06.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 07.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 13.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 14.03. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 20.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 21.03. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 10.04. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 11.04. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 17.04. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 18.04. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 24.04. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 25.04. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 02.05. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 08.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 15.05. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 16.05. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 22.05. 15:00 - 16:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 23.05. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 27.05. 11:30 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.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

The final grade is based on the grades for the final exam (50%), class participation (10%), and a midterm (40%). This is subject to changes communicated during the lecture.

Minimum requirements and assessment criteria

Passing grade is 50%

Examination topics

The midterm covers all the material covered up until that point. The final covers all of the material covered in class. Points will be deducted from the participation grade for absences or phone or computer use that is not directly related to the class.

Reading list

Various handouts, class notes, and journal articles, as well as Jean Tirole (2005) The Theory of Corporate Finance

Association in the course directory

Last modified: We 31.07.2024 11:25