Chapter 2 asks the question whether and how government interventions in the U. Chapter 3 looks into firm’s bond maturity dispersion activity and the impact on firms’ funding liquidity.
We find that larger, more leveraged, less profitable, growth-oriented, and non-bank dependent firms exhibit the largest maturity dispersion of outstanding bonds.
However, the papers that are included should provide students with an entry into each research topic, which they can follow up on if they are interested in doing research in that area.
Since the objective of this course is to read and understand recent work in Corporate Finance (theory and empirical) participants (both presenters and non-presenters) are expected to spend adequate time giving careful attention to the assigned readings before coming to class.
The format of the critiques should be roughly along the following lines: (1) Statement of the problem studied; (2) Brief survey of the literature; (3) Concise, intuitive explanation of the argument producing the major results (for theory papers) or empirical methodology; (4) Summary of results; (5) Critical examination of the paper.
This dissertation bundles three empirical studies in the area of corporate finance and banking.As an example you may pick cooperation between USA and Mexico related to the clothing industry.In your dissertation you may do research on the importance of estate planning when it comes to personal finance.You may start from the times of Roman Empire and continue up to this day.Julien Blatt Thesis director: Semyon Malamud Title of thesis: Essays in Financial Economics Title of the main paper: Slow Arbitrage Placement: UBS, Zurich Thomas Geelen Thesis directors: Julien Hugonnier and Erwan Morellec Title of thesis: Essays in corporate finance Title of the main paper: Information Dynamics and Debt Maturity Placement: Copenhagen Business School Yuan Zhang Thesis director: Semyon Malamud Title of thesis: Equilibrium Models for Derivatives Markets with Frictions Placement: Shanghai University of Finance and Economics Damien Ackerer Thesis director: Damir Filipovic Title of thesis: Polynomial models in finance Title of the main paper: Placement: Swissquote, Switzerland Vincent Bogousslavsky Thesis director: Pierre Collin-Dufresne Title of thesis: Title of the main paper: Infrequent Rebalancing, Return Autocorrelation, and Seasonality Placement: Boston College, USA Petrov Evgeny Thesis director: Semyon Malamud Title of thesis: Three Essays on Corporate Disclosure Title of the main paper: Placement: Tuck School of Business at Dartmouth College, USA Christoph Herpfer Thesis director: Rüdiger Fahlenbrach Title of thesis: Essays in Financial Economics Title of the main paper: The Role of Bankers in the U. Syndicated Loan Market Placement: Emory University Goizueta Business School, USA Yalda Sigrist-Zargari Thesis director: Erwan and co-director Rüdiger Fahlenbrach Title of thesis: Benjamin Junge Thesis director: Anders Trolle Title of thesis: “Essays on the Market Structure and Pricing of Credit Derivatives” Title of the main paper: Market Structure and Transaction Costs of Index CDSs Placement: Cornerstone Research Christopher Trevisan Thesis director: Pierre Collin-Dufresne Title of thesis: “Essays in Financial Economics” Title of the main paper: High-Frequency Jump Analysis of the Bitcoin Market Placement: Special Figures, Switzerland Stefano Colonnello Thesis director: Erwan Morellec and co-director: Rüdiger Fahlenbrach Title of thesis: “Essays in empirical corporate finance” Title of the main paper: “The impact of credit default swaps on creditor governance” Placement: Otto-von-Guericke University and Halle Institute for Economic Research, Germany Francesca Zucchi Thesis director: Erwan Morellec Title of thesis: “Essays in dynamic corporate finance” Title of the main paper: “Internal-External Liquidity Feedbacks” Placement: Federal Reserve Board of Governors, USA Rémy Praz Thesis director: Semyon Malamud Title of thesis: “Essays in asset pricing with search frictions” Title of the main paper: “Equilibrium Asset Pricing with both Liquid and Illiquid Markets” Placement: Copenhagen Business School, Denmark Emmanuel Leclercq Thesis director: Damir Filipovic and co-director: Loriano Mancini Title of thesis: “Three essays on asset pricing” Placement: Industry Ilya Kolpakov Thesis director: Anders Trolle Title of thesis: “Commodity spread options pricing and the economic fundamentals of crack spreads” Placement: Private Sector, Singapore Ngoc Giang Hoang Thesis director Erwan Morellec and co-director Rüdiger Fahlenbrach Title of thesis: “Essays in Corporate Finance” Title of the main paper: Inside debt and corporate failure” Placement: Polytech Ventures, Switzerland Julien Cujean Thesis director: Julien Hugonnier and co-director: Bernard Dumas (Insead) Title of thesis: “Essays in Equilibrium Asset Pricing” Placement: University of Maryland, R. These studies investigate corporates’ financing activity with a special focus on the interaction between the banking industry and corporate borrowers. corporate borrowers during the financial crisis of 2007-2009.By showing how changes in the banking industry affect firms’ financing decision and performance, this dissertation highlights the important role of the banking industry in shaping the real economy in a world of market friction in place. We focus on firms’ stock performance and find that government capital infusions in banks have a significantly positive impact on borrowing firms’ stock returns. A critique of the paper(s) being presented by each presenter has to be turned in by two non-presenters on the day of the paper presentation, prior to the presentation (if one student presents two papers, I require only one critique to be handed in, but covering both papers presented).This will work out to about five or six critiques for each participant in the seminar to hand in. D students to current research issues and tools in corporate finance and financial intermediation, which will be of interest in their dissertation research (thus, in some sense, the course can also be called, dissertation topics in corporate finance: many papers that will be discussed are papers from the current or previous years academic job market).The course will be based primarily on research papers from theoretical and empirical corporate finance, theoretical and empirical financial intermediation, and advanced game theory.