Advanced Corporate Finance

Module code: AF3151

In this module you will critically discuss the problem of asymmetric information (adverse selection and moral hazard) and how information frictions shape corporate decisions in capital structure, dividend policy and corporate governance.  You will critically discuss contemporary topics in corporate finance, such as mergers and acquisitions (M&A), initial public offering (IPO), financial distress, bankruptcy and real options.  You will also assess corporate decisions in the practical world by analysing case studies and reviewing empirical evidence.

Topics covered:

• Adverse selection and moral hazard
• Capital structure under information frictions
• Dividend policy under information frictions
• Merger and Acquisition (M&A)
• Initial public offering (IPO)
• Financial distress and bankruptcy