This is an advanced corporate finance course. Prior knowledge of a Master’s level course in Financial Theory is necessary in order to understand the advanced topics and the modern developments in modern finance that will be presented here. Although we will be focusing on the financial manager and his actions with respect to existing constraints and opportunities, the role of capital markets in shaping and monitoring these decisions will also be analyzed. As in every seminar, the participation in the class discussion is essential and instrumental in achieving the above objectives.

There will be a mixture of lectures and presentations. In every presentation, usually the lecturer will introduce the subject and the issues involved and then students are expected to present 2 to 3 assigned papers.

Students are expected to participate in the discussion and present papers in a formal way. The paper presentations are limited to 25 minutes.

Students are required to write a paper in a Corporate Finance issue with a fair amount of originality towards an empirical or theoretical direction. You may choose any corporate finance topic of interest to you. The length of the paper should not exceed 15 typed pages and is due before the end of the semester to receive the full credit.

GRADING
The final grade for the course will by made up by:
Participation 10% (more that 3 absences, zero in particpation)
Presentations 30%
Term paper 30%
Final exam 30%

SUGGESTED TEXTS
1. Copeland Weston and Shastri, Financial Theory and Corporate Policy, 4th Edition, Pearson Addison Wesley, 2005.
2. J. Tirole, The Theory of Corporate Finance, Princeton University Press, 2006