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Corporate Finance for MSc Finance
| Faculteit | Economie en Bedrijfskunde |
| Jaar | 2021/22 |
| Vakcode | EBM008B05 |
| Vaknaam | Corporate Finance for MSc Finance |
| Niveau(s) | master |
| Voertaal | Engels |
| Periode | semester I a |
| ECTS | 5 |
| Rooster | rooster |
| Uitgebreide vaknaam | Corporate Finance for MSc Finance | ||||||||||||||||||||
| Leerdoelen | Upon completion of the course the student is able to: 1. Compare different types of principal-agent problems. 2. Discuss how constraints on obtaining financing can be affected by asymmetric information and the separation of management and ownership. 3. Discuss how incentives can be aligned between management and owner(s) using financial contracts. 4. Argue how simple financial contracting problems can be dealt with using formal mathematical models. 5. Summarize the main empirical approaches to corporate finance. |
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| Omschrijving | The course deals with state-of-the art theory about Corporate Finance. The focus is from a micro-economic perspective, i.e. principal-agent theory. Game theoretic (mathematical) models will be discussed and analyzed and students are required to both master the derivations in these models and develop intuition for the various results. Topics that are dealt with are: separation of management and ownership, moral hazard and adverse selection in financing decisions, credit rationing, effects of diversification on financing constraints, active and passive monitoring, collateral, optimal contract design, and CEO remuneration. The course consists of a number of lectures and tutorials. During the tutorials homework assignments will be discussed. | ||||||||||||||||||||
| Uren per week | 4 | ||||||||||||||||||||
| Onderwijsvorm | -hoorcollege , -werkcollege | ||||||||||||||||||||
| Toetsvorm | -schriftelijk tentamen (open vragen) | ||||||||||||||||||||
| Vaksoort | master | ||||||||||||||||||||
| Coördinator | dr. G.T.J. Zwart | ||||||||||||||||||||
| Docent(en) | dr. N. Selmane ,dr. G.T.J. Zwart | ||||||||||||||||||||
| Verplichte literatuur |
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| Entreevoorwaarden | accessible for MSc Finance students only | ||||||||||||||||||||
| Opmerkingen | Secretary: Ellie Jelsema; e-mail e.t.jelsema@rug.nl, phone +31 (0)50 363 3685, room 5411.0836. | ||||||||||||||||||||
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