FINAN 7802 - Foundations of Finance 2

The second in a two-course sequence on the fundamentals of advanced financial economics. Topics can include: continued coverage of asymmetric information; theory and empirical evidence on capital structure; other aspects of financial policy; theory and empirical evidence on dividend policy; other aspects of payout policy; the Modigliani and Miller propositions; transaction cost economics and organization design, including the modified Coase theorem; behavioral finance; the limits to arbitrage; investment policy under uncertainty and real options; and the term structure of interest rates.