6143 - FINANCIAL CONTRACTING
CLEAM - CLES - CLEF - BIEM - CLEACC
Course taught in English
Go to class group/s: 31
The objective of the course is to review the basic properties of different financial contracts in terms of their ability to mitigate problems of asymmetric information and moral hazard between borrowers and lenders.
- The optimal capital strcuture
- Modigliani and Miller's theorem
- Debt and the tax shield
- Dividend policy
- Debt overhang
- Pecking order theory
- Moral hazard and credit rationing
- Ownership structure and monitoring
- Group lending and microcredit
- The optimal allocation of voting rights
- Law and Finance
- Politics and Finance
Lecture notes + review articles. No textbook
Microeconomics, Corporate Finance