Course 2009-2010 a.y.

Go to class group/s: 31

CLEAM (6 credits - II sem. - AI) - CLES (6 credits - II sem. - AI) - CLEF (6 credits - II sem. - AI) - BIEM (6 credits - II sem. - AI) - CLEACC (6 credits - II sem. - AI)

Course Director:
FAUSTO PANUNZI

Course Objectives

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.

Course Content Summary

• 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

Detailed Description of Assessment Methods

Written exams

Textbooks

Lecture notes + review articles. No textbook

Exam textbooks & Online Articles (check availability at the Library)

Prerequisites

Microeconomics, Corporate Finance

Last change 26/03/2009 15:51