[ 514IFEKFOCK21 ] KS (*)The Financing of Corporations

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Workload Ausbildungslevel Studienfachbereich VerantwortlicheR Semesterstunden Anbietende Uni
3 ECTS B2 - Bachelor 2. Jahr Volkswirtschaftslehre Matthias Fahn 2 SSt Johannes Kepler Universität Linz
Anmeldevoraussetzungen (*)KS Introduction to Microeconomics AND IK Introduction to Microeconomics
Quellcurriculum Bachelorstudium International Business Administration 2021W
Ziele (*)The students have knowledge about the consequences of a firm’s financing decisions on incentives and opportunities in firms. They are able to understand the trade-offs associated with using standard financing tools and can analyze costs and benefits for firms, managers, and investors.
Lehrinhalte (*)This course discusses and formally analyzes basic concepts of the theoretical literature on corporate finance. We deal with questions such as

  • how asymmetric information about an entrepreneur’s activities or investment opportunities affects a firm’s ability to raise outside financing,
  • how the choice of debt versus equity financing affects managerial incentives, or
  • how firms deal with liquidity shocks.

If time permits, we will cover more recent literature on the interaction of a firm’s financing structure with its relationships with non-financial stakeholders, such as employees or suppliers.

Beurteilungskriterien (*)Final exam, in-class participation
Lehrmethoden (*)We will mostly apply basic microeconomic and game theoretic tools.
Abhaltungssprache Englisch
Literatur (*)Lecture notes Textbook: Tirole, Jean, 2006. “The Theory of Corporate Finance”, Princeton University Press.
Lehrinhalte wechselnd? Nein
Teilungsziffer 100
Zuteilungsverfahren Zuteilung nach Vorrangzahl