Aikataulu: 10.09.2019 - 25.10.2019
Vastuuopettaja (voimassa 01.08.2018-31.07.2020):
Assistant Professor Petri Jylhä
Opetusperiodi (voimassa 01.08.2018-31.07.2020):
I (fall 2018) Töölö campus
I (fall 2019) Otaniemi campus
Osaamistavoitteet (voimassa 01.08.2018-31.07.2020):
By the end of this course, the students will have will have a strong understanding of the theoretical foundations of modern corporate finance. The course will address asymmetric information problems in companies’ financing decisions and governance, and discuss various solutions to these problems. The course emphasizes both theoretical modelling of agency problems and the practical implications and solutions to those problems. After completing this course, the student will have the skills to analyze and solve complicated problems in corporate finance in a structured and analytical manner.
Sisältö (voimassa 01.08.2018-31.07.2020):
Asymmetric information; moral hazard: financing constraints, over-borrowing, debt overhang, asset substitution; adverse selection: over and under-investment; price reactions to financial decisions; signaling; corporate governance: executive compensation; monitoring; shareholder activism.
Toteutus, työmuodot ja arvosteluperusteet (voimassa 01.08.2018-31.07.2020):
1. Lectures, assistant professor Petri Jylhä
2. Assignments (50%), Petri Jylhä
3. Final exam (50%)
Työmäärä toteutustavoittain (voimassa 01.08.2018-31.07.2020):
Contact teaching, 34 h
Independent study, 125 h
Exam, 3 h
Oppimateriaali (voimassa 01.08.2018-31.07.2020):
Lecture notes, academic articles, and textbook: Jean Tirole, Theory of Corporate Finance (2006).
Kurssin kotisivu (voimassa 01.08.2018-31.07.2020):
Esitiedot (voimassa 01.08.2018-31.07.2020):
Corporate Finance (28C00100). The course is an advanced level course for MSc students.
Arvosteluasteikko (voimassa 01.08.2018-31.07.2020):
Ilmoittautuminen (voimassa 01.08.2018-31.07.2020):
Course registration via WebOodi. See the registration time in WebOodi.
For any registration related matter, please contact the department study coordinator.
Lisätietoja (voimassa 01.08.2018-31.07.2020):
A maximum of 70 students can be accepted to the course.
- Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered in WebOodi) will not be prioritized and can participate only if there are places remaining.
- CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses.
Remaining seats are prioritized as follows, in the order of registration in WebOodi within one category:
1. Finance M.Sc. exchange students from other universities
2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)
3. All other M.Sc. students
Please follow carefully the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.
Students may be required to confirm their registration by signing the participation list circulated during the first lecture.
- Opettaja: Petri Jylhä