NTU Course
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Advanced Corporate Finance(Ⅱ)

Offered in 113-2
  • Notes
    The course is conducted in English。
  • Limits on Course Adding / Dropping

    • Restriction: juniors and beyond or Restriction: MA students and beyond or Restriction: Ph. D students

  • NTU Enrollment Status

    Enrolled
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    Other Depts
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    Remaining
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  • Course Description
    This is an advanced course in corporate finance. Its goal is to bring students to the frontier of knowledge so that they can start doing their own research in this field. In this semester, we will mainly focus on nine topics in applied corporate finance. (1) topics related to accounting irregularities and misreporting, (2) topics related to the CEO's early life experience and CEO management styles, (3) topics related to the Fetal origins hypothesis, (4) topics related to the issues of climate change risk and opportunities exposures, pollution on investor behavioral bias, and on corporate policies, and Greenwashing versus brownwashing, (5) topics related to corporate social responsibility (CSR) and environmental, social, and governance (ESG) policies, (6) topics related to token-based platform finance and B2B financing, (7) topics related to innovation & entrepreneurship, (8) topics related to intergenerational persistence of occupational choice, and (9) trending topics, including water quality.
  • Course Objective
    C. COURSE OBJECTIVES Whether you are considering an academic career in finance or accounting, when you complete this course, you will be equipped with a variety of financial concepts that are useful for performing professional level work. Specifically, course learning objectives are: (1) Analyze the issue of accounting irregularities and misreporting, (2) Analyze the prevailing challenge in the existing association between CEO early life experience and CEO management styles literature, (3) Analyze the long-run effect of fetal origins hypothesis on socioeconomic and non-health outcomes, (4) Analyze the effect of pollution on investor behavioral bias and corporate policies, (5) Analyze the effect of CSR (or ESG) on stock performances and financing policies, (6) Analyze the effect of climate change risk and opportunities on stock performances and firm policies, (7) Analyze the effect of ESG lending and ESG equity, (8) Analyze token-based platform finance and B2B financing, (9) Analyze the driving forces of innovation & entrepreneurship, (10)Analyze the intergenerational occupational persistence, and (11)Analyze the issue of water pollution. D. LEARNING OUTCOMES On successful completion of this course, students will be able to: (1) Critically evaluate empirical research in corporate finance; (2) Understand the issue of accounting irregularities and misreporting, (3) Understand and improve the prevailing challenge in the existing association between CEO early life experience and CEO management styles literature, (4) Understand the fetal origins hypothesis, (5) Compare policy implications of CO2 emission reduction for corporate policy, (6) Compare various asset pricing models of climate change risk exposures, (7) Compare token-based platform finance and B2B financing, (8) Understand issues related to innovation & entrepreneurship, and (9) Understand the rationale for intergenerational occupational persistence.
  • Course Requirement
    Prior coursework in financial accounting, statistics, and corporate finance is preferred. In addition, Advanced Corporate Finance (ECON5158) is not a prerequisite for this course.
  • Expected weekly study hours after class
  • Office Hour

    Thursday1:10-3:10 pm

  • Designated Reading
  • References
    1
  • Grading
    30%

    Referee report

    Second, there will be a referee report to hand out in class at the end of the semester. The report could be a referee report on an article about the above nine topics. Please write the report as a reviewer for potential publication in a major academic finance journal, up to three well-spaced pages. I will show you the sample referee report. Part 1 of each report should succinctly state each of the paper’s important contributions in the best possible light. Part 2 should constructively critique any shortcomings. Part 3 should make suggestions for improvements. (See Berk, Jonathan and Harvey, Campbell R. and Hirshleifer, David A., Preparing a Referee Report: Guidelines and Perspectives (February 17, 2015). Available at SSRN: http://ssrn.com/abstract=2547191 orhttp://dx.doi.org/10.2139/ssrn.2547191).

    30%

    Presentation

    30% of the grade will depend on the paper presentation. There will be a presentation of the report at the end of the semester.

    10%

    Class participation

    10% of the grade will depend on class participation. Students are expected to come to class, having read the required readings for that class session.

    30%

    Short report

    First, please hand in a real-world example of the long-term effect of the fetal origins hypothesis on health outcomes and socioeconomic and non-health outcomes. The report will be due after the conclusion of topic 3. Alternatively, please hand in a real-world example of greenwashing or brownwashing. The report will be due after the conclusion of topic 4. Alternatively, please hand in a case of real-world class action lawsuit against crowdfunding. The report will be due after the conclusion of topic 6. The short report will count for 30% of the grade.

  • Adjustment methods for students
  • Course Schedule
    Week 1Topic 1: Accounting irregularities and misreporting
    Week 2Topic 2: CEO early life experience and CEO management styles
    Week 4Topic 3: The Fetal Origins Hypothesis
    Week 6Topic 4: Climate change risk and opportunities exposures, pollution, and corporate policies
    Week 8Topic 5:Corporate social responsibility and environmental, social, and governance (ESG)
    Week 10Topic 6: Token-based platform finance and B2B financing
    Week 11Topic 7: Innovation & entrepreneurship
    Week 14Topic 8: Intergenerational persistence of occupational choice
    Week 15Topic 9: Water
    Week 16Paper presentation