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EMPIRICAL CORPORATE FINANCE

2016-2017

IESEG School of Management ( IÉSEG )

Code Cours :

1617-IÉSEG-M1S2-FIN-MA-FE80UE

FINANCE


Niveau Année de formation Période Langue d'enseignement 
Master1S2English
Professeur(s) responsable(s)H.DAHER
Intervenant(s)Hicham DAHER, Eric DOR, Paolo MAZZA


Pré requis

Inferential statistics
Intermediate Econometrics
Advanced Econometrics
Correlation and multiple linear regression

Objectifs du cours

At the end of the course, the student should be able to :
Understand and use quantitative methods to test and examine different Corporate Finance theories.

Contenu du cours

OLS and the classical linear regression model
Event study analysis (M&A application)
Probit/Logit regression (Dividend decision)
Self selection Bias, Two stage Heckman approach
Poisson regression model (Corporate governance score, number of Acqusitions)


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
Interactive class16,00  
Independent work
Research12,00   Extract data from the Bloomberg trading room
Corporate finance literature on Dividend,determinant of M&A, and Corporate governance
Reference manual 's readings6,00  
Independent study
Group Project16,00  
Charge de travail globale de l'étudiant50,00  

Méthodes pédagogiques

  • Tutorial
  • E-learning
  • Project work
  • Interactive class
  • Coaching


Évaluation

Project
Final exam
Participation

Type de ContrôleDuréeNombrePondération
Final Exam
Written exam2,00150,00
Others
Individual Project0,00150,00
TOTAL     100,00

Bibliographie

  • Introductory Ecnonmetrics for Finance, Chris Brooks, Cambridge -

  • MacKinlay A., Event Studies in Economics and Finance, Journal of Economic Literature, Vol. 35, No. 1. (Mar., 1997), pp. 13-39 -

  • DeAngelo, H., L. DeAngelo, and R.M. Stulz, 2006, Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory, Journal of Financial Economics 81, 227-254. -

  • Opler, T., L. Pinkowitz, R. Stulz, and R. Williamson, 1999, The determinants and implications of corporate cash holdings, Journal of Financial Economics 52, 3-46. -




 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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