Info
Foto sezione
Logo Bocconi

Course 2008-2009 a.y.

6143 - FINANCIAL CONTRACTING


CLEAM - CLES - CLEF - BIEM - CLEACC
Department of Finance

Course taught in English


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

Classes: 31 (II sem.)
Instructors:
Class 31: 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 04/04/2008 15:05
 

In questa sezione