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Course title |
Advanced Corporate Finance |
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Semester |
113-1 |
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Designated for |
COLLEGE OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS |
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Instructor |
YILIN WU |
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Curriculum Number |
ECON5158 |
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Curriculum Identity Number |
323EU6950 |
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Class |
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Credits |
2.0 |
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Full/Half
Yr. |
Half |
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Required/
Elective |
Elective |
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Time |
Monday 3,4(10:20~12:10) |
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Remarks |
Restriction: juniors and beyond OR Restriction: MA students and beyond OR Restriction: Ph. D students
The upper limit of the number of students: 30. |
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Course introduction video |
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Table of Core Capabilities and Curriculum Planning |
Table of Core Capabilities and Curriculum Planning |
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Course Syllabus
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Please respect the intellectual property rights of others and do not copy any of the course information without permission
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Course Description |
This is an advanced course in corporate finance. Its goal is to bring students to the frontier of knowledge so that they can start doing their own research in this field. In this semester, we will mainly focus on six topics in applied corporate finance. (1) topics related to accounting irregularities and misreporting, (2) topics related to the CEO's early life experience and CEO management styles, (3) topics related to the Fetal origins hypothesis, (4) topics related to the issues of climate change risk and opportunities exposures, pollution on investor behavioral bias, and on corporate policies, and Greenwashing versus brownwashing, (5) topics related to corporate social responsibility (CSR) and environmental, social, and governance (ESG) policies, (6) topics related to token-based platform finance and B2B financing, and (7) trending topics, including water quality. |
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Course Objective |
C. COURSE OBJECTIVES
Whether you are considering an academic career in finance or accounting, when you complete this course, you will be equipped with a variety of financial concepts that are useful for performing professional level work. Specifically, course learning objectives are:
(1) Analyze the issue of accounting irregularities and misreporting,
(2) Analyze the prevailing challenge in the existing association between CEO early life experience and CEO management styles literature,
(3) Analyze the long-run effect of fetal origins hypothesis on socioeconomic and non-health outcomes,
(4) Analyze the effect of pollution on investor behavioral bias and on corporate policies,
(5) Analyze the effect of CSR (or ESG) on stock performances and financing policies,
(6) Analyze the effect of climate change risk and opportunities on stock performances and firm policies,
(7) Analyze the effect of ESG lending and ESG equity,
(8) Analyze token-based platform finance and B2B financing, and
(9) Analyze the issue of water pollution.
D. LEARNING OUTCOMES
On successful completion of this course, students will be able to:
(1) Critically evaluate empirical research in corporate finance;
(2) Understand the issue of accounting irregularities and misreporting,
(3) Understand and improve the prevailing challenge in the existing association between CEO early life experience and CEO management styles literature,
(4) Understand the fetal origins hypothesis,
(5) Compare policy implications of CO2 emission reduction for corporate policy,
(6) Compare various asset pricing models of climate change risk exposures, and
(7) Compare token-based platform finance and B2B financing. |
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Course Requirement |
Prior coursework in financial accounting, statistics, and corporate finance is preferred. In addition, Advanced Corporate Finance (ECON5158) is not a prerequisite for this course. |
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Student Workload (Expected weekly study hours before and/or after class) |
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Office Hours |
Note: Thursday 1:10-3:10 pm |
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Designated reading |
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References |
1 |
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Grading |
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No. |
Item |
% |
Explanations for the conditions |
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1. |
Short report |
30% |
First, please hand in a real-world example of the long-term effect of the fetal origins hypothesis on health outcomes and socioeconomic and non-health outcomes. The report will be due after the conclusion of topic 3. Alternatively, please hand in a real-world example of greenwashing or brownwashing. The report will be due after the conclusion of topic 4. The short report will count for 30% of the grade. |
2. |
Referee report |
30% |
Second, there will be a referee report to hand out in class at the end of the semester. The report could be a referee report on an article about the above nine topics. Please write the report as a reviewer for potential publication in a major academic finance journal, up to three well-spaced pages. I will show you the sample referee report. Part 1 of each report should succinctly state each of the paper’s important contributions in the best possible light. Part 2 should constructively critique any shortcomings. Part 3 should make suggestions for improvements. (See Berk, Jonathan and Harvey, Campbell R. and Hirshleifer, David A., Preparing a Referee Report: Guidelines and Perspectives (February 17, 2015). Available at SSRN: http://ssrn.com/abstract=2547191 orhttp://dx.doi.org/10.2139/ssrn.2547191). |
3. |
Presentation |
30% |
30% of the grade will depend on the paper presentation. There will be a presentation of the report at the end of the semester. |
4. |
Class participation |
10% |
10% of the grade will depend on class participation. Students are expected to come to class, having read the required readings for that class session. |
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Week |
Date |
Topic |
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Week 1 |
09/02 |
Topic 1: Accounting irregularities and misreporting |
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Week 2 |
09/09 |
Topic 2: CEO early life experience and CEO management styles |
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Week 4 |
09/23 |
Topic 3: The Fetal Origins Hypothesis |
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Week 6 |
10/07 |
Topic 4: Climate change risk and opportunities exposures, pollution, and corporate policies
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Week 8 |
11/04 |
Topic 5:Corporate social responsibility and environmental, social, and governance (ESG) |
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Week 10 |
11/25 |
Topic 6: Token-based platform finance and B2B financing |
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Week 11 |
12/02 |
Topic 7: Water |
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Week 13 |
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Paper presentation |
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