The course is designed for bachelor students in their advanced studies. Basic knowledge of finance, economics and statistics is a prerequisite.
This course deals with the theory and practice of how corporations make key corporate financial decisions. Starting with the efficiency of capital markets and irrelevance theorems for corporate capital structure, students will learn about several market frictions such as corporate taxes, costly bankruptcy, and asymmetric information and their implications for capital structure choices. Further topics covered are agency problems within corporations, adverse selection in capital markets, capital budgeting and valuation methods used for investment decisions, as well as initial public offerings. The course will conclude with some aspects of raising equity capital and mergers and acquisitions.
The main objective of the lecture is to introduce students to theoretical and empirical research in the field of corporate finance.
- Trainer/in: Désirée-Jessica Pély
- Trainer/in: David Streich