Course description

Advanced Corporate Finance

Introduction

This course deals with contemporary issues in corporate financial theory and related empirics. We will focus on capital structure, corporate financial strategy, payout policy, and corporate restructuring. Many of the topics studied are in fast-changing areas of practice and regulation. The course covers selected classic and current theoretical and empirical research to introduce you to the latest developments in the field.

Course content

  • Capital Structure Decisions
  • Bankruptcy and Corporate Restructuring
  • Initial Public Offerings
  • Private Equity and Venture Capital
  • Dividend policy and share repurchases
  • Merger and acquisitions
  • Corporate refocusing
  • Behavioral Corporate Finance
  • Theoretical Corporate Finance

Learning outcome knowledge

The main objective is to provide an advanced background and deeper understanding in the mainstream issues of modern corporate finance. The course covers some theoretical and legal issues, but we will mainly focus on empirical research and insights. For group assignments, you will apply your knowledge and your skills to two different types of tasks in the field of corporate finance, namely panel data regressions and event study. You will also have opportunities to work in groups and present academic journal articles, cases, and your own results for the assignment.

Exam organisation

  • Written assignment: 25%
  • Written assignment: 25%
  • Written exam: 50%