AFX4060: Issues in Corporate Finance

2 Paper Review each worth 10%. Participation 15%. Academic paper presentation: 15%. Exam: 50%

Brilliant unit. Do not compare this unit to the standard undergraduate corporate finance units, this unit is on a league of its own. In AFX4060, you tackle the forefront of corporate finance research by reading up-to-date academic papers, each week readings range from 4-6 academic papers and it is a truly rewarding experience. The first half of the unit is taken by Madhu, who is extremely knowledgeable in all aspects of corporate finance, each week he would give an academic presentation seminar and it really gives you a deep insight into how academic proposals are done by a professional. The second half of the unit is taken by Yang Yang, who is literally a beast at corporate finance. His part of the course is more theoretical based and focuses on the mathematical proofs of relevant theorems etc. Essentially, we go through 5 main theoretical aspects of corporate finance: Capital structure, payout policy, management compensation, cash holdings and securities issuance. Every single theorem/corollary/lemma that we go through is backed with a mathematical proof. The exam is split into 2 parts. First part is YangYang's theoretical aspects, hence they are all proof questions. Second part will be based on Madhu's part, which is basically the academic papers that were read throughout the semester. All in all, fantastic unit and I'd highly recommend it to anyone specialising in finance.

Prof. Madhu Veeraraghavan, Dr YangYang Chen.

N/A

5/5

N/A

N/A

3 hours lab each week.

2013 Semester 1.

Pending