Course Description
The goal is to broaden, and selectively deepen, students' understanding of finance, building on their existing knowledge of financial economics. The course will cover a broad range of topics, with both a theoretical and an empirical emphasis. These include topics in corporate finance, investments and performance evaluation and international finance. The course consists of two interchangeable ten-week components, one on investments and international finance, and the other on corporate finance.
Learning Outcomes
The course will:
- Provides students with a way of thinking about investment
decisions by examining the empirical behaviour of security prices.
- Students will learn about corporate governance mechanisms and discuss some recent corporate scandals.
Course Content
- Empirical evidence of the CAPM and other asset pricing models
- Market efficiency focusing on event studies and investment
anomalies
- Empirical findings in behaviourial finance.
- How to measure the performance of a portfolio manager
- Foundations of international finance and explores issues
related to international portfolio management.
- Examine theory and evidence concerning major corporate financial
policy decisions.
- Impact of taxes, financial distress, and asymmetric information on
such decisions
- Optimal managerial compensation
Compulsory Reading Materials
- Bodie, Kane & Marcus, Investments (Irwin) and Grinblatt &
Titman, Financial Markets and Corporate Strategy (Irwin, McGraw-Hill).
- Facilitator: Sarah Anang