Empirical Corporate Finance (ECF)
Área
AC Gestão > UC Mestrados
Activa nos planos curriculares
Finance > Finance > 2º Ciclo > Unidades Curriculares Optativas > Optional Course 2 > Empirical Corporate Finance
Nível
2º Ciclo (M)
Tipo
Não Estruturante
Regime
Semestral
Carga Horária
Aula Teórica (T): 0.0 h/semana
Aula TeoricoPrática (TP): 3.0 h/semana
Trabalho Autónomo: 121.0 h/semestre
Créditos ECTS: 6.0
Objectivos
To understand the basic concepts of empirical academic research in Finance, with a special focus in the case
of corporate finance.
To be able to collect data from the main financial databases(Bloomberg, Reuters, Amadeus, amongst others).
To know how to transform that data in order for it to be used in research, in particular using software like STATA for econometrics purposes.
To apply, in the field of corporate finance, the concepts and fundamentals of econometrics learned previously, understanding how to program in these cases.
To have first hand contact with some of the research currently being developed at ISEG in areas related to corporate finance, based on presentationsof papers, cases articles
Programa
1.Introduction: The main research themes in Corporate Finance
2.Overview of Empirical Academic Research in Finance, in particular in Corporate Finance
3.Collecting and Managing Financial Data
3.1.Collect data from the main databases (Bloomberg, Reuters, Amadeus, amongst others).
3.2.Data organization to be used in an econometric package.
3.3.Merging data from different datasets.
4.Introduction to Financial Data Analysis using a statistical package
4.1.Descriptive statistics.
4.2.Graphic manipulation.
4.3.Aplications in Corporate Finance (Examples: articles on corporate financial policy, taxation, public private partnerships, project finance, etc.).
5.Research Cases in Corporate Finance
5.1.?Classical? research problems in corporate finance, identifying the situations in which different models should be adopted and how to estimate them.(Examples: OLS/GLM; Panel data regression; Probit/Logit; Ordered probit; Multinomial logit; Duration models; Endogeneity concerns).
5.2. Aplications in Corporate Finance (Examples: articles on corporate financial policiy, taxation, public private partnerships, identifying the different models to estimate and how to program
Metodologia de avaliação
Two individual short research notes (each 50% final grade), about two topics chosen each year by the course instructors.
Bibliografia
Principal
Microeconometrics using stata
Cameron, A. C., & Trivedi, P. K.
2010
(Vol. 2). College Station, TX: Stata press.
Taxes and Corporate Finance: A Review
Graham, J. R.
2003
Review of Financial Studies, Vol. 16, pp. 1074‐1128
A Review of Taxes and Corporate Finance
Graham, J. R.
2006
Foundations and Trends in Finance, Vol. 1 No. 7, pp. 573?691.
Research in accounting for income taxes
Graham, J. R., Raedy, J. S. and Shackelford, D. A.
2008
Journal of Accounting and Economics, Vol. 53 No. 1-2, pp. 412-‐434.
A review of tax research
Hanlon, M. and Heitzman, S.
2010
Journal of Accounting and Economics, Vol. 50, pp. 127-178.
Secundária
Não existem referências bibliográficas secundárias.