Universität Wien
Achtung! Das Lehrangebot ist noch nicht vollständig und wird bis Semesterbeginn laufend ergänzt.

040090 UK Special Topics in Banking and Finance: Corporate Finance (BA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

The course generally takes place in class. Some lectures might however, take place online. If necessary the entire course will transition to an online course.

  • Montag 05.10. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 12.10. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 19.10. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 09.11. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 16.11. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 23.11. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 30.11. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 07.12. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 14.12. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 11.01. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 18.01. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 25.01. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course discusses the interplay between firms' financing and their real decisions. The course attempt to connect the theory of corporate finance with real world case studies.
Lectures will introduce the theory of corporate finance based on agency conflicts and some related empirical evidence. The course covers the property rights theory of the firm, agency conflicts between stakeholders and how they can be managed by contracts, agency conflicts and financing constraints, financial contracts as incentive contracts, debt overhang, risk shifting, and free cash flow problems.
Case studies will deepen the understanding of the aforementioned topics. Students will prepare these case studies beforehand and they will be discussed in class.

The course consists of lectures that cover fundamental theoretical models and relevant empirical papers. In addition to the lectures the course will also discuss real world cases that illustrate several key mechanisms. The course requires active participation by students.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Students are required to attend and actively participate in class. Grading is based on a midterm exam, a final exam, case study preparation and in class discussions. Students shall expect to be cold called during case study discussions.

In case of online classes, case study work will be based on written reports that are pepared in small groups. Students who cannot attend due to Covid 19 will also need to prepare written case study reports.

Mindestanforderungen und Beurteilungsmaßstab

Students must have completed the compulsory ABWL Finanzwirtschaft II, basic Game theory and Econometrics. Knowledge of univariate calculus and basic statistics is also expected.

Grading is based on points. The point allocation is midterm exam 30 poins; final exam 40 points; case study preparation and in class discussions 30 points. To pass the course students must obtain more than 50% of the available points.

Students may not miss more then 2 classes to pass the course. Attendence is only counted when students arrive on time and attend the entire class. All assignemnts must be completed.

For Covid related attendance issues please contact the lecturer before the start of the semester.

Prüfungsstoff

The entire contents of the lecture, the readings assigned during the course, and the prerequisite courses.

Literatur

Jean Tirole (2006): The Theory of Corporate Finance. Princeton University Press, Princeton and Oxford.
Oliver Hart (1995): Claredon Lectures in Economics. Oxford University Press, Oxford.
Cases studies published by Harvard Business Publishing assinged in class. Students are required to purchase the course pack.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 25.09.2020 11:08