Universität Wien

040017 SE Seminar: Corporate Governance (MA) (2021W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
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. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 05.10. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 12.10. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 19.10. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 09.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 16.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 23.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 30.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 07.12. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 14.12. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 11.01. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 18.01. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 25.01. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The course discusses structures of firm's (top level) decision making processes which are often summarized under the label of corporate governance. The course describes the main actors of firm's corporate governance (managing directors, corporate boards, shareholders, and other stakeholders such as employees and debt holders), their functions, and relationships. Particular emphasis will be given to the incentives of these different actors

For different corporate governance instruments and arrangements we will explore two related questions:

1. What are the effects of different corporate governance arrangements on firm's behavior and the outcomes of its different stakeholders.

2. How can an real world corporate governance arrangements be explained as reactions to the different incentives of a firm's stakeholders.

The course covers theoretical and empirical work that attempts to shed light on these questions.

The course consists of lectures, student presentations, and term papers.

Assessment and permitted materials

Students are required to attend and actively participate in class. There will be an exam, student presentations, advance peer feedback for presentations, and term papers.

Minimum requirements and assessment criteria

Students must have completed the compulsory Corporate Finance 1 (MA), basic Game theory and Econometrics. Knowledge of multivariate calculus and basic statistics is also expected.

Grading is based on points. The point allocation is: exam 20 points, student presentations 35 points, advance peer feedback 10 points, and term papers 35 points.

To pass the course students must:
* obtain more than 50% of the available points.
* complete all assignemnts within their deadline.
* not miss more then 2 classes to pass the course. Attendence is only counted when students arrive on time, attend the entire class, and participate actively.

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

Examination topics

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

Reading list

Bolton, P., Dewatripont, M., et al., 2005. Contract theory. MIT press.

Hart, O., 1995. Firms, Contracts, and Financial Structure. Claredon
Lectures in Economics. Oxford Unviersity Press, Oxford.

Hermalin, B., Weisbach, M., 2017. The handbook of the economics of corporate governance.

Tirole, J., 2006. The Theory of Corporate Finance. Princeton University Press.

Association in the course directory

Last modified: Mo 27.09.2021 12:28