BUS-F 644 Topics in Finance

The first topic will cover theoretical and empirical issues related to financial intermediation. Class sessions in this topic will be a combination of lecture presentations and student presentations of selected papers. The second topic will be empirical corporate finance. Class sessions in this topic will consist of reading, presenting, and discussing articles. The students will have to present and turn in an original empirical corporate finance paper.

Typical Sub-Topics in Financial Intermediation

• Theory of financial intermediation and bank uniqueness
• Bank regulation
• Contracting in public versus private markets
• Credit rationing
• Universal banking
• Credit channel of monetary policy

Typical Sub-Topics in Empirical Corporate Finance

• Capital structure
• Bankruptcy and reorganization
• Payment policy
• Capital acquisition
• Corporate control