Topics

Topics covered for second semester 2008-2009.

Session	Detailed Topics	Sources
1	The Role of Financial Theory and Evidence	Chapter 1 Articles: (1) Bright Minds Big Theories, by Nikos Valance (2) The Theory of Corporate Finance: A Historical Overview, by Michael C. Jensen and Cfifford W. Smith.
2	Ownership. Control, and Compensation	Chapter 2 Articles: (1) Ownership Structure, Board of Directors, and Information Disclosure: Empirical Evidence from Taiwan Is design Companies, by Yue-Duan Guan, Dwan-Fang Sheu, and Yu-Chin Chu.
3.	Risk, Return, and Market Efficiency	Chapter 3 Articles: (1) Asset Pricing Models: A Comparison, by Edward R. Lawrence, John Geppert, and Arun J. Prakash. (2) Market Efficiency versus Behavioral Finance, by Bruce Stangle
4	Securities Valuation	Chapter 4 Articles: (1) Discussion of The Book-to-Price Effect in Stock Returns: Accounting for Leverage, by Joseph D. Piotroski. (1) Will You Adopt Quality Financial Reporting? by Paul B. W. Miller, CPA
5	Creating Shareholders Value	Articles: (1) Return on Equity: A Popular, but Flawed Measure of Corporate Financial Performance, by J.H.v.H. de Wet and E. du Toit. (2) Tying Free Cash Flows To Market Valuations, by Robert A. Howell
6	Capital Budgeting and Investment Decisions	Chapter 6 Articles: (1) NPV as a Function of the IRR: The Value Drivers of Investment Projects, by Maria-Teresa Bosch, Joan Montllor-Serrats, and Maria-Antonia Tarrazon. (2) What Does an IRR (or Two) Mean? By David Johnstone
7	Capital Structure Theory	Chapter 7 Articles: (1) Interrelationships among Capital Structure, Dividends, and Ownership: Evidence from South Korea, by Yong H. Kim, Jong C. Rhim, and Daniel L. Friesber. (2) Pecking Order Or Trade-Off Hypothesis? Evidence On The Capital Structure Of Chinese Companies, by Guanqun Tong and Christopher J. Green.
8	Dividend Policy	Chapter 8 Articles: (1) Focus on Present Status and Determinants of Dividend Payout Policy: Athens Stock Exchange in Practice, by Dimitrios L. Papadopoulos, and Dimitrios P. Charalambidis. (2) The Effect of Asymmetric Information on Dividend Policy, by Sanjay Deshmukh
9	Understanding and Accessing Financial Markets	Chapter 9 Articles: (1) Investing in an Emerging Market: Evidence from US Firms Investing in India, by Shavin Malhotra and Nisha Malhotra (2) Foreign Ownership and Investment: Evidence from Korea, by Jaewoon Koo and Kyunghee Maeng
10	Good Corporate Governance	Articles: (1) Corporate Governance: Shareholders’ Interest’ and Other Stakeholders’ Interest, by Elena F. Perez Carrillo. (2) Identification of Role of Social Audit by Stakeholders as Accountability Tool in Good Governance, by S.S. Ghonkrokta and Anu Singh Lather.
11	Presentation and Discussion of Research Proposal (1)
12	Presentation and Discussion of Research Proposal (2)
13	Presentation and Discussion of Research Proposal (3)
14	Presentation and Discussion of Research Proposal (4)