Advanced Corporate Finance (M)

The objective of the course is to gain an appreciation of the theoretical controversies surrounding corporate finance policies, leading to formulation of financing strategies. Topics include competing capital structure theories including financial distress and agency costs, optimal dividend policy and taxation, IPOs in equity markets, motives for convertibles, rationales for corporate diversification including internal capital markets and agency theory. In each topic we will focus on the real-world applications of corporate finance tools and theories to address issues commonly faced by corporate managers, investors, and entrepreneurs.