Empirical Finance (in English) [ LLSMS2013 ]
5.0 crédits ECTS
30.0 h
2q
| Teacher(s) |
Béreau Sophie ;
|
| Language |
English
|
Place
of the course |
Louvain-la-Neuve
|
| Prerequisites |
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE)
for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
|
| Main themes |
See Content below
|
| Aims |
The contribution of this Teaching Unit to the development and
command of the skills and learning outcomes of the programme(s) can be
accessed at the end of this sheet, in the section entitled
“Programmes/courses offering this Teaching Unit”.
|
| Content |
The first part of this course covers advanced methodology for capital budgeting valuation. The second part covers topics on strategic financing decisions, such as optimal capital structure, the costs of financial distress, adverse selection, and agency problems associated with debt and equity financing, initial public offerings, and (time allowing) corporate governance. Illustrative cases will be developed in groups and discussed in class.
Content
- Advanced topics in valuation & capital structure
- Agency costs of debt and equity
- Reorganization of financially distressed firms
- Managerial incentives, stock options
- Real options
- Stock market listings
- Private Equity (LBO and Public-to-Private Transactions)
- Corporate risk management
-
Methods
In-class activities
X Lectures
X Interactive seminar
X Exercices/PT
At home activities
X Readings to prepare the lecture
X Exercices to prepare the lecture
X Students presentation
|
| Other information |
Prerequisites (ideally in terms of competencies)
Basic course in corporate finance
Evaluation :
Class participation in case studies (presentation and discussion) and written examination
Support :
Slides and Additional reading (articles) provided through icampus
References :
Internationalisation
X international content (does the course tackle international issues related to the course content ?)
X international case study
Corporate features
X case study
Skills
X presentation skills
X team work
X problem solving
X critical thinking
Techniques and tools for teaching and learning
X IT tools
X quantitative methods
|
Faculty or entity
in charge |
> CLSM
|
|
|
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