Type of Credit: Elective
Credit(s)
Number of Students
This course includes three parts:
[Empirical Methods] In the first part, this course provides students with a toolbox and working knowledge of cross-sectional and panel data empirical methods for use in finance research. This will be accomplished by exposing the students to a variety of methods commonly employed in empirical research.
[Corporate Governance] The second part of this course teaches the fundamentals of corporate governance from a variety of angles – the board of directors, management, shareholders, the media, proxy advisors, regulators, and other stakeholders – and focuses on assessing the effectiveness and execution of governance roles and responsibilities.
[Independent Study] In the last part, I will ask you to conduct a research proposal based on the theories or knowledge learned from the previous two parts.
能力項目說明
The primary objective of the course is to exchange ideas in corporate finance. I hope that doing this will help you meet several other objectives: (1) Improve your ability to formulate viable research topics. The means of doing this are to examine a number of research areas in corporate finance to see how they developed, to practice by suggesting lines of research in areas that we discuss, to select areas for discussion, to prepare literature searches, and to engage in discussions of research. (2) Improve your understanding of current areas of research in corporate finance. The means of doing this is to examine a sampling of current research areas in corporate finance. (3) Improve your ability to discuss, comment upon, and referee the work of others. The means of doing this are class discussions of papers. (4) Improve your ability to conduct research in corporate finance. The means of doing this is to conduct a literature search on a topic, formulate a summary of extant research, devise testable hypotheses, and design identification strategy for research in corporate finance.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
Course Schedule:
** indicates that the paper will be presented by student.
This schedule is tentative and is subject to change.
|
Week |
Date |
Proposed Lecture |
|
1 |
2024-02-20 |
Course Introduction |
|
2 |
2024-02-27 |
Structure of Academic Paper; Event Study |
|
3 |
2024-03-05 |
Instrumental Variables |
|
4 |
2024-03-12 |
Quasi-Natural Experiments (1) |
|
5 |
2024-03-19 |
Quasi-Natural Experiments (2) |
|
6 |
2024-03-26 |
Regression Discontinuity Design (1) |
|
7 |
2024-04-02 |
Regression Discontinuity Design (2) |
|
8 |
2024-04-09 |
Common Limitations & Errors; Matching & Selection Models |
|
9 |
2024-04-16 |
Midterm Exam |
|
10 |
2024-04-23 |
Board of Directors (1) |
|
11 |
2024-04-30 |
Board of Directors (2) |
|
12 |
2024-05-07 |
The Market for Corporate Control |
|
13 |
2024-05-14 |
Institutional Investor |
|
14 |
2024-05-21 |
Other Topics |
|
15 |
2024-05-28 |
Proposal Presentation |
|
16 |
2024-06-04 |
Final Exam |
|
17 |
|
Multi-Teaching Methods: Research Proposal |
|
18 |
|
Multi-Teaching Methods: Research Proposal |
彈性上課之週次: 17, 18
|
Midterm Exam |
20% |
|
Final Exam |
20% |
|
Presentation(s) |
30% |
|
Research Proposal |
30% |
1. In-Class Presentation(s)
Each student (regardless of whether you are just auditing) should choose a number (depends on how many students will take this course) of the papers from the course schedule (denoted as **) and present it in class. Each presenter has 50 minutes to present – 40 minutes of presentation and 10 minutes for Q&A.
2. Research Proposal
You will be asked to sketch out an outline for a possible empirical paper you could write using tools taught in the course. Specifically, the research proposal is in details as follows:
(1) Research topic
(2) Hypothesis development
(3) Methodology (Especially for how you address the endogeneity problems)
(4) Reference
No required textbook.