Магистратура
2021/2022
Корпоративное управление
Статус:
Курс по выбору (Финансы)
Направление:
38.04.08. Финансы и кредит
Кто читает:
Департамент экономики
Где читается:
Санкт-Петербургская школа экономики и менеджмента
Когда читается:
1-й курс, 3 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Преподаватели:
Муравьев Александр Александрович
Прогр. обучения:
Финансы
Язык:
английский
Кредиты:
4
Контактные часы:
32
Course Syllabus
Abstract
Elective course “Corporate governance” is intended for Master students following the programs “Finance” and “Applied Economics and Mathematical Methods”. In addition, the course draws the students’ attention to modern methods of empirical analysis in the field of corporate governance, finance and economics. The main topics covered include: Defining corporate governance and key theoretical models; Mechanisms to incentivise and discipline badly performing managers; Corporate governance and stakeholders; National models of corporate governance; Corporate governance in Russia.
Learning Objectives
- 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.)
- 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.).
Expected Learning Outcomes
- 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
Course Contents
- Introduction to corporate governance
- Mechanisms of corporate governance
- National models of corporate governance
- Corporate governance and stakeholders
- Corporate governance in Russia
Interim Assessment
- 2021/2022 3rd module0.4 * exam + 0.2 * written test + 0.25 * seminar + 0.15 * participation mark
Bibliography
Recommended Core Bibliography
- 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
- Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x
Recommended Additional Bibliography
- 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
- 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