The course has two components that will be studied interchangeably.
The main component of the course will discusses economic and legal policy aspects of various issues in corporate and securities law as well as their practical implications. Topics include the interplay between the different agency problems in the corporate setting (shareholders-managers; majority-minority shareholders; shareholders-bondholders), comparative look on different ownership structures, conflict of interests and strategic voting among shareholders, bondholders rights, takeovers, insider dealing, and fraud and manipulation in securities market.
The second component of the course will discuss basic concepts of corporate finance, including basic valuation models, capital structure, and the Capital Asset Pricing Model.
The course is designed for students with interest in financial or economic approaches to corporate and securities law. However, earlier knowledge of these areas is not required.