ADVANCED FINANCE

BUS5ADF

2018

Credit points: 15

Subject outline

This subject aims to expose doctoral students to cutting-edge scholarship in current research issues and skills in finance. It covers theoretical and empirical papers relating to efficient markets and behavioural finance hypotheses, event study methodology, operating performance and abnormal returns measurement, payout policy, capital structure, equity issuance, corporate governance, signalling and information asymmetry, asset pricing, and endogeneity issues. The subject will also develop high-level writing, speaking and critical thinking skills required to undertake finance research. Upon successful completion of this subject, you will develop a framework for addressing research propositions, obtain in-depth knowledge of finance theory and practice, understand the interface between theoretical models and empirical tests of these models, and gain the ability to develop and resolve finance research questions and communicate the results.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorBala Balachandran

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites Must be enrolled in a research program: LHCOM, LMBR, LMCR, LDPH or by Subject Coordinator Approval

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditions Only students enrolled for honours program or masters by research or PhD can take this subject.

Graduate capabilities & intended learning outcomes

01. Demonstrate what is meant by theory, and explain its role in finance research.

Activities:
Seminars, readings, class discussions and all four assessment items.

02. Compare, contrast and critically evaluate selected theories of finance.

Activities:
Seminars, readings, class discussions and assessment item one.

03. Demonstrate high-level writing, speaking and critical thinking skills in describing and assessing the utiity of finance theories and empirical propositions.

Activities:
Readings, class discussion and all four assessment items.

04. Ability to conduct finance research and be able to articulate, express and present these research findings.

Activities:
Class discussion and assessment item two.

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBala Balachandran

Class requirements

Seminar
One 3.0 hours seminar per week on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 2000 word individual assignmentEmpirical Research Project30 01, 02, 03, 04
Ongoing, Active Class ParticipationActive participation when the lecturer or students present assessments to the class10 01, 03, 04
One 2000 word referee report (a critique of a published paper)20 01, 03
Two 30-minute class contribution (spoken assignment)The class contribution item is an assessment of students' speaking skills as they pertain to articulating advanced finance theory and empirical findings20 01, 02, 03
1 hour final exam (1000 words equivalent)20 01, 02, 03