Course: Dynamic Corporate Finance
Professor: Thomas Geelen
ECTS: 1
Aims:
Recent advances in dynamic corporate finance. The aim of this course is two fold. First, it further develops understanding of stochastic calculus and dynamic optimization. Second, it examines how these tools are applied in state of the art theoretical corporate finance research. The course will cover several corporate finance topics: leverage and debt maturity choice; investment in innovation; due diligence, cash holdings, and debt runs.
This course will provide students with a solid foundation to pursue their own theoretical corporate finance research or use the techniques developed in this course to study other questions in finance and economics. It would good to have Mathematica installed before the start of the course.
Learning Objectives:
- Understand the methods used in stochastic calculus and dynamic optimization.
- Apply these methods to corporate finance decisions.
- Understand the state of the art in dynamic corporate finance.