Universität Wien

040586 DK PhD-M: Agency-Theory (2007S)

PhD-M: Agency-Theory

10.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Details

max. 15 participants
Language: German

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 19.03. 17:00 - 18:00 Hörsaal 3
  • Monday 21.05. 09:00 - 18:00 Hörsaal 13 Fakultätslounge
  • Tuesday 22.05. 09:00 - 12:00 Hörsaal 9
  • Tuesday 22.05. 12:30 - 14:00 Hörsaal 12
  • Tuesday 22.05. 14:00 - 18:00 Hörsaal 9
  • Wednesday 23.05. 09:00 - 10:30 Hörsaal 12
  • Wednesday 23.05. 10:30 - 13:30 Hörsaal 13 Fakultätslounge
  • Wednesday 23.05. 13:30 - 18:00 Hörsaal 11
  • Thursday 24.05. 09:00 - 10:00 Hörsaal 5
  • Thursday 24.05. 10:00 - 11:00 Hörsaal 4
  • Thursday 24.05. 12:00 - 13:00 Hörsaal 5
  • Thursday 24.05. 13:00 - 14:00 Hörsaal 3
  • Thursday 24.05. 14:00 - 16:00 Hörsaal 12
  • Thursday 24.05. 16:00 - 18:00 Hörsaal 4

Information

Aims, contents and method of the course

The seminar deals with the theoretical foundations of financial corporate objectives based on capital market theory, incentive compatible decision and investment criteria as well as the design of incentive and monitoring mechanisms so that management will pursue the corporate objectives. Of particular interest is the use of accounting earnings as a performance measure in a multi-period setting and with asymmetric information, where the manager has to be provided with incentives to reveal his private information about a project's profitability.

Assessment and permitted materials

Minimum requirements and assessment criteria

Participants should learn to understand and derive relations between the foundations of agency theory and concrete applications.

Examination topics

Deductive analysis of models.

Reading list

Literatur: Laux, H.: Wertorientierte Untrnehmenssteuerung und Kapitalmarkt. 2. Aufl. Berlin 2006
Laux, Helmut: Unternehmensrechnung, Anreiz und Kontrolle, 3. Aufl. Berlin 2006
Und weitere dort angegebene Literatur

Association in the course directory

Last modified: Mo 07.09.2020 15:29