Universität Wien
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040090 KU Corporate Finance 2 (MA) (2020S)

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

Lecturers

Classes (iCal) - next class is marked with N

The first class will be on the 19th of May, with classes on the 12th and 14th cancelled. The class will start with a session on Zoom (tba). Everyone who is not enrolled, but wants to be, is advised to join this session.

  • Tuesday 12.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 14.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 19.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 20.05. 09:45 - 11:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 26.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 28.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 03.06. 09:45 - 11:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 04.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 09.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 10.06. 09:45 - 11:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 16.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 18.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 25.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 30.06. 11:30 - 14:45 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Corporate Finance II aims to provide students with a deeper understanding of the theoretical models underlying most of the research on corporate finance and financial intermediation. It will study some of the seminal models and papers in corporate finance applying principles of economics of asymmetric information. The course content will be the following:

I) Firm financing under asymmetric information, signalling and the pecking order theory (Myers and Majluf, 1984; Leland and Pyle, 1977).
II) Firm financing, moral hazard and pledgeable income (Holmström and Tirole, 1997)

III) Mergers and acquisitions: the free-riding problem, toeholds and dilution, voting and corporate governance
IV) IPO's: underpricing, winner's curse and SEO's

VI) Applications of the Holmström-Tirole model: debt overhang, liquidity

If time allows, other topics will also be covered.

There will be both lectures and tutorials. At tutorials, problem sets will be discussed and the solutions will be presented by the students.

Assessment and permitted materials

There will be a mid-term exam and a final exam. Students will be asked to present their solutions to selected problems at tutorials. This will also be graded.

Minimum requirements and assessment criteria

50% Problem sets and tutorials
50% Final exam

Minimum requirement for a positive grade: at least 50% for each part.

Examination topics

Exam material: all material discussed in the lecture

Reading list

Association in the course directory

Last modified: Mo 07.09.2020 15:19