Related topics include expected utility maximization, mean-variance analysis, and efficient markets. FINA 9120 - Empirical Research in Corporate Finance Empirical research in corporate finance. The modern theories of capital structure, dividend policy, corporate control, investment banking, and capital budgeting, emerging areas of research such as market microstructure, venture capital financing, and comparative international corporate finance. The data bases and empirical methodologies used in performing financial research. Event study and regression methodologies in corporate finance research and investment-oriented methodologies such as factor and principal components analyses.
Students gain experience in presentation of research and in refereeing papers.
Theoretical topics will include optimization, non-cooperative game theory, information economics, and agency theory. Signaling, screening, incentive design, product market structure, research and development, security issuance, bankruptcy, and market microstructure. The markets, trading systems, and properties of financial securities. Includes an investigation of market efficiency and the time series properties of securities. Empirical studies of asset pricing models, portfolio performance, term structure models, and capital market integration.