ADVANCED FINANCE
BUS5ADF
2019
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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Jing Zhao
Available to Study Abroad Students: No
Subject year level: Year Level 5 - Masters
Exchange Students: No
Subject particulars
Subject rules
Prerequisites: Must be enrolled in a research program: LHCOM, LMBR, LMCR, LDPH or by Subject Coordinator Approval
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/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.
Melbourne, 2019, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Jing Zhao
Class requirements
Seminar
One 3.0 hours seminar per week on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2000 word individual assignment | Empirical Research Project | 30 | 01, 02, 03, 04 |
| Ongoing, Active Class Participation | Active participation when the lecturer or students present assessments to the class | 10 | 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 findings | 20 | 01, 02, 03 |
| 1 hour final exam (1000 words equivalent) | 20 | 01, 02, 03 |