OUR ACADEMIC DEPARTEMENTS |
Lesson details
EMPIRICAL CORPORATE FINANCE | |||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S2-FIN-MA-FI80UE | FINANCE |
Level | Year | Period | Language of instruction |
---|---|---|---|
Master | 1 | S2 | EnEnglish |
Academic responsibility | H.DAHER |
---|---|
Lecturer(s) | Hicham DAHER, Eric DOR, Paolo MAZZA |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 2 > 2,00 ECTS
Prerequisites
Inferential statistics
Intermediate Econometrics
Advanced Econometrics
Correlation and multiple linear regression
Learning outcomes
At the end of the course, the student should be able to :
Understand and use quantitative methods to test and examine different Corporate Finance theories.
Course description
OLS and the classical linear regression model
Event study analysis (M&A application)
Probit/Logit regression (Dividend decision)
Self selection Bias, Two stage Heckman approach
Poisson regression model (Corporate governance score, number of Acqusitions)
Class type
Class structure
Type of course | Numbers of hours | Comments | |
---|---|---|---|
Independent work | |||
Reference manual 's readings | 6,00 | ||
Research | 12,00 |
Extract data from the Bloomberg trading room Corporate finance literature on Dividend,determinant of M&A, and Corporate governance | |
Independent study | |||
Group Project | 16,00 | ||
Face to face | |||
Interactive class | 16,00 | ||
Total student workload | 50,00 |
Teaching methods
- Coaching
- E-learning
- Interactive class
- Project work
- Tutorial
Assessment
Project
Final exam
Participation
Type of control | Duration | Number | Percentage break-down |
---|---|---|---|
Others | |||
Individual Project | 0,00 | 1 | 50,00 |
Final Exam | |||
Written exam | 2,00 | 1 | 50,00 |
TOTAL | 100,00 |
Recommended reading
- Introductory Ecnonmetrics for Finance, Chris Brooks, Cambridge -
- MacKinlay A., Event Studies in Economics and Finance, Journal of Economic Literature, Vol. 35, No. 1. (Mar., 1997), pp. 13-39 -
- DeAngelo, H., L. DeAngelo, and R.M. Stulz, 2006, Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory, Journal of Financial Economics 81, 227-254. -
- Opler, T., L. Pinkowitz, R. Stulz, and R. Williamson, 1999, The determinants and implications of corporate cash holdings, Journal of Financial Economics 52, 3-46. -
* This information is non-binding and can be subject to change