Currículo
Empirical Corporate Finance ECF
Contextos
Groupo: Finance > 2º Ciclo > Parte Escolar > Unidades Curriculares Optativas > Optional Course 2
ECTS
6.0 (para cálculo da média)
Objectivos
To understand the basic concepts of empirical academic research in Finance, with a special focus in the case of corporate finance. To be able to collect data from the main financial databases(Bloomberg, Reuters, Amadeus, amongst others). To know how to transform that data in order for it to be used in research, in particular using software like STATA for econometrics purposes. To apply, in the field of corporate finance, the concepts and fundamentals of econometrics learned previously, understanding how to program in these cases. To have first hand contact with some of the research currently being developed at ISEG in areas related to corporate finance, based on presentationsof papers, cases articles
Programa
1.Introduction: The main research themes in Corporate Finance 2.Overview of Empirical Academic Research in Finance, in particular in Corporate Finance 3.Collecting and Managing Financial Data 3.1.Collect data from the main databases (Bloomberg, Reuters, Amadeus, amongst others). 3.2.Data organization to be used in an econometric package. 3.3.Merging data from different datasets. 4.Introduction to Financial Data Analysis using a statistical package 4.1.Descriptive statistics. 4.2.Graphic manipulation. 4.3.Aplications in Corporate Finance (Examples: articles on corporate financial policy, taxation, public private partnerships, project finance, etc.). 5.Research Cases in Corporate Finance 5.1.?Classical? research problems in corporate finance, identifying the situations in which different models should be adopted and how to estimate them.(Examples: OLS/GLM; Panel data regression; Probit/Logit; Ordered probit; Multinomial logit; Duration models; Endogeneity concerns). 5.2. Aplications in Corporate Finance (Examples: articles on corporate financial policiy, taxation, public private partnerships, identifying the different models to estimate and how to program
Método de Avaliação
Two individual short research notes (each 50% final grade), about two topics chosen each year by the course instructors.
Carga Horária
Carga Horária de Contacto -
Trabalho Autónomo - 121.0
Carga Total -
Bibliografia
Principal
- Microeconometrics using stata: Cameron, A. C., & Trivedi, P. K. 2010 (Vol. 2). College Station, TX: Stata press.
- Taxes and Corporate Finance: A Review: Graham, J. R. 2003 Review of Financial Studies, Vol. 16, pp. 1074‐1128
- A Review of Taxes and Corporate Finance: Graham, J. R. 2006 Foundations and Trends in Finance, Vol. 1 No. 7, pp. 573?691.
- Research in accounting for income taxes: Graham, J. R., Raedy, J. S. and Shackelford, D. A. 2008 Journal of Accounting and Economics, Vol. 53 No. 1-2, pp. 412-‐434.
- A review of tax research: Hanlon, M. and Heitzman, S. 2010 Journal of Accounting and Economics, Vol. 50, pp. 127-178.