BFX5002 · Empirical corporate finance and banking

Overview

The objective of this unit is to develop critical economic reasoning and understanding of important empirical regularities in corporate finance and financial intermediation. This unit builds on introductory corporate finance and banking studies and analyses a variety of issues by introducing a study of recent empirical literature. There is a strong focus on research with a selective and critical examination of empirical research in corporate finance and financial intermediation. The advanced topics covered include market efficiency and event studies, security offerings, corporate takeovers, and capital structure, dividend policy, corporate governance, financial tunnelling, bank capital and revenue, and non-bank intermediation.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. acquire knowledge of empirical findings in corporate finance and financial intermediation
2. critically evaluate empirical research in corporate finance and banking
3. identify major research questions in corporate finance and banking
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in corporate and bank policies
5. demonstrate in individual tasks the acquisition of a comprehensive understanding of the topics covered by BFX5002.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.