Корпоративное управление

2023/2024

Статус: Маго-лего

Когда читается: 3 модуль

Охват аудитории: для своего кампуса

Язык: английский

Кредиты: 3

Контактные часы: 32

The elective course “Corporate governance” is intended for master students following the program “Finance”.

The main goal of the course is to give the students a firm grasp of corporate governance as an academic field, with emphasis on the agency (or finance) perspective (e.g. Shleifer and Vishny, JF 1997) as opposed to alternative theories (stakeholder, stewardship, resource-dependence theories, etc.). In addition, the course draws the students’ attention to modern methods of empirical analysis in the field of corporate governance, finance and economics.

Be able to critically evaluate current research in this field
Be able to recognize and take into consideration interests of various stakeholders when assessing corporate governance at the firm level
Be able to take reasonable and responsible financial decisions aimed at addressing agency problems in firms
Be familiar with modern methods of empirical research in the field of corporate governance
Know the key theoretical concepts and main empirical results within the finance perspective on corporate governance
Understand corporate governance as a rapidly developing field of research at the intersection of economics, finance and management

final exam
The final exam takes the form of a 2-hour closed book, closed notes written test
presentation
student’s presentation on a particular topic at the seminar
written test
closed book, closed notes written test
class participation mark

2023/2024 3rd module
0.15 * class participation mark + 0.4 * final exam + 0.25 * presentation + 0.2 * written test

Corporate governance matters: a closer look at organizational choices and their consequences, Larcker, D.F., 2011
International corporate governance, Goergen, M., 2012
Olga Lazareva, Andrei Rachinsky, & Sergey Stepanov. (2007). A Survey of Corporate Governance in Russia. Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.abo.neswpt.w0103

Becht, M., Bolton, P., & Roell, A. (2003). Corporate governance and control. Handbook of the Economics of Finance, 1. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.h.eee.finchp.1.01
Ichiro Iwasaki. (2007). Enterprise Reform And Corporate Governance In Russia: A Quantitative Survey. Journal of Economic Surveys, (5), 849. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.bla.jecsur.v21y2007i5p849.902
Michael C. Jensen, & William H. Meckling. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.608A4D5A
Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x