Corporate Finance for MSc Finance

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBM008B05
Vaknaam Corporate Finance for MSc Finance
Niveau(s) master
Voertaal Engels
Periode semester I a
ECTS 5
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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.
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 renumeration. The course consists of a number of lectures and tutorials. During the tutorials homework assignments will be discussed.
Uren per week 5
Onderwijsvorm hoor- en werkcolleges
Toetsvorm schriftelijk tentamen met open vragen
Vaksoort master
Coördinator dr. G.T.J. Zwart
Docent(en) dr. N. Selmane ,dr. G.T.J. Zwart
Verplichte literatuur
Titel Auteur ISBN Prijs
The Theory of Corporate Finance, 2006, Princeton University Press, New Jersey Tirole, J. 0691125562 €  65,00
Entreevoorwaarden accessible for MSc Finance students only
Opmerkingen Secretary: E.T. Jelsema, phone +31 (0)50 363 3685, e-mail e.t.jelsemal@rug.nl, room 5411.0836.
Opgenomen in
Opleiding Jaar Periode Type
DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten uit Lund) 2 semester I a verplicht
DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester I a verplicht
DD MSc Finance – UAIC of Iasi, Romania (2-jarig)  (basisprogramma voor studenten uit Iasi) 2 semester I a verplicht
MSc Finance  ( basisprogramma MSc Finance) 1 semester I a verplicht