This course offers an in-depth study of the financial system in which corporations raise capital. The first half of the course will address the issues in corporate planning of long-term assets such as capital structure, capital budgeting, and corporation valuation. The second half of the course will cover market imperfections introduced by the presence of information asymmetry, including agency problems, moral hazard and adverse selection. The students require a fundamental understanding of the debt and equity markets. Journal papers and handouts for reading assignment will be distributed.

This course offers an in-depth study of the financial system in which corporations raise capital. The first half of the course will address the issues in corporate planning of long-term assets such as capital structure, capital budgeting, and corporation valuation. The second half of the course will cover market imperfections introduced by the presence of information asymmetry, including agency problems, moral hazard and adverse selection. The students require a fundamental understanding of the debt and equity markets. Journal papers and handouts for reading assignment will be distributed.

Handouts from a selection of journal papers.