ECO359-10 - UNIVERSITY OF TORONTO DEPARTMENT OF ECONOMICS...

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ECO359 – COURSE OUTLINE Page 1 of 1 UNIVERSITY OF TORONTO DEPARTMENT OF ECONOMICS ECO359 – FINANCIAL ECONOMICS II CORPORATE FINANCE Course Outline – Summer 2010 Instructor: Dr. Ata Mazaheri Office Hours: Room 344, 150 St. George St., Tuesday 3-4 Telephone: 416-946-5794 E-mail Address: mazaheri@chass.utoronto.ca Web Page http: portal.utoronto.ca Course Description: Financial Economics II focuses on the process of capital budgeting decision and extends it to how the cash for the investments should be raised – the firm’s capital structure. We start the capital structure question with the benchmark framework provided by the Modigliani-Miller theorems then extend it further by considering issues of taxation and bankruptcy costs. Subsequent lectures include the impact of agency costs and asymmetric information on the capital structure. Objectives: By the end of this course you are expected to learn: The capital budgeting decision Modigliani-Miller theorem The impact of Taxes, bankruptcy on capital structure Agency costs and capital structure Asymmetric Information and capital structure Dividend policy Initial public Offering (IPO) Mergers and Acquisitions (M&A)
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2 Textbook: Required Text: Ross, Westerfield, Jaffe, Roberts, 2008, Corporate Finance , 5 rd edition, McGraw-Hill. [RWJR] Other references will also be used but are not required: Books: J. Amaro de Matos, 2001, Theoretical Foundations of Corporate Finance , Princeton University Press. Copeland, Thomas and Fred Weston, 2004, Financial Theory and Corporate Policy , 2 nd Edition, Addison-Wesley. [CW] Published Articles: (Referred to as [A#] [1] Bhattacharya, S. 1979, Imperfect information, dividend policy and the ‘Bird in the Hand’ fallacy, Bell Journal of Economics and Management Science , 10(1), pp. 259-70.
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ECO359-10 - UNIVERSITY OF TORONTO DEPARTMENT OF ECONOMICS...

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