Course
Dynamic Corporate Finance
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Teacher(s)Sebastian Gryglewicz
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Research fieldFinance
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DatesPeriod 1 - Aug 30, 2021 to Oct 22, 2021
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Course typeField
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Program yearSecond
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Credits3
Course description
The
course introduces students to fundamental models of corporate finance in a
dynamic world. Most of the discussed models use continuous-time techniques. To
provide some essential background, the course will start with an applied
introduction to stochastic processes and stochastic calculus. Topics that will
be covered include investment, capital structure, dividend policy, and agency
conflicts. In later parts, we will study how these dynamic corporate finance models
can be linked to valuation and asset returns. Finally, the course will discuss
empirical estimation of structural models in corporate finance.
Course literature
Primary reading
- Selected papers & chapters.