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Business 3019, Corporate Finance

To view the PDF files, you need Acrobat Reader. To view the PS files, you need GSview. Philippe Grégoire Business 4079, 3019, 3059 and 2019 on Flash Business 3019 on Foba2
Course Outline PDF format PS format
Class Notes The Principal-Agent Problem PDF format PS format Conflicts of interest between shareholders and bondholders (Part I) PDF format PS format Conflicts of interest between shareholders and bondholders (Part II) PDF format PS format Slides on Information Asymmetry PDF format PS format Slides on Information Asymmetry (Part II) PDF format PS format Slides on Bankruptcy Costs PDF format PS format Notes on Dividend Policy PDF format PS format Notes on Equity Financing PDF format PS format	Assignments Assignment 1: Suggested Answers PDF format PS format Assignment 2 PDF format PS format Assignment 2: Suggested Answers PDF format PS format Assignment 3 PDF format PS format Assignment 3: Suggested Answers PDF format PS format Assignment 4 PDF format PS format
Papers on the equity risk premium The Supply of Stock Market Returns Roger G. Ibbotson (Yale University) and Peng Chen (Ibbotson Associates, Inc.), Is the Equity Risk Premium Dead? Trinity Investment Management Estimating the equity Risk Premium and Equity Costs: New Ways of looking at Old Data Laurence Booth, University of Toronto Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets Claus J.; Thomas J. The Journal of Finance, October 2001, vol. 56, no. 5, pp. 1629-1666(38) Blackwell Publishers, Inc., Boston, USA and Oxford, UK
Papers on corporate executives compensation Taking Stock: Equity-Based Compensation and the Evolution of Managerial Ownership Ofek E.; Yermack D. The Journal of Finance, June 2000, vol. 55, no. 3, pp. 1367-1384(18) Blackwell Publishers, Inc., Boston, USA and Oxford, UK CEO pay, firm size, and corporate performance: evidence from Canada Zhou X. Canadian Journal of Economics, February 2000, vol. 33, no. 1, pp. 213-251(39) Blackwell Publishers, Inc., Oxford, UK and Boston, USA The Effectiveness of Stock Option Plans: A Field Investigation of Senior Executives St-Onge S.; Magnan M.; Thorne L.; Raymond S. Journal of Management Inquiry, September 2001, vol. 10, no. 3, pp. 250-266(17) Sage Publications Inc. The Pricing of Relative Performance Based Incentives for Executive Compensation Câmara A. Journal of Business Finance & Accounting, November 2001, vol. 28, no. 9&10, pp. 1115-1139(40) Blackwell Publishers Ltd, Oxford, UK and Boston, USA Discussion of The Pricing of Relative Performance Based Incentives for Executive Compensation Brennan M.J. Journal of Business Finance & Accounting, November 2001, vol. 28, no. 9&10, pp. 1189-1191(3) Blackwell Publishers Ltd, Oxford, UK and Boston, USA Performance Pay and Top Management Incentives Michael C. Jensen and Kevin J. Murphy Journal of Political Economy (April, 1990), pp. 225-265. Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers Michael C. Jensen American Economic Review, Vol. 76, No. 2 (May, 1986) Stockholder, Manager, and Creditor Interests: Applications of Agency Theory Michael C. Jensen and Clifford W. Smith, Jr. Recent Advances in Corporate Finance E. Altman and M. Subrahmanyam, Dow-Jones Irwin, 1985 List of Michael C. Jensen's publications

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Business 3019, Corporate Finance