BFX4002 Empirical corporate finance and banking
Faculty of Business and Economics
BFX4002 Empirical corporate finance and banking is a level 4, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2024
- Semester 1
- Caulfield
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before BFX4002
No prerequisites or corequisites besides the enrolment rules below.
After BFX4002
No unit lists BFX4002 as a prerequisite in the 2024 handbook.
Enrolment rules
You must be enrolled in course B3701 to undertake this unit.
Overview
The objective of this unit is to develop critical economic reasoning and understanding of important empirical regularities in corporate finance and financial intermediation. This unit builds on introductory corporate finance and banking studies and analyses a variety of issues by introducing a study of recent empirical literature. There is a strong focus on research with a selective and critical examination of empirical research in corporate finance and financial intermediation. The advanced topics covered include market efficiency and event studies, security offerings, corporate takeovers, and capital structure, dividend policy, corporate governance, financial tunnelling, bank capital and revenue and non-bank intermediation.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
Assessment
- Within semester assessment60%
- Examination40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
acquire knowledge of empirical findings in corporate finance and financial intermediation
- 2
critically evaluate empirical research in corporate finance and banking
- 3
identify major research questions in corporate finance and banking
- 4
apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in corporate and bank policies
- 5
demonstrate in individual tasks the acquisition of a comprehensive understanding of the topics covered by BFX4002.
Workload and teaching
- Workshops36 hours
- Teaching approachResearch activities
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Learning resources
Required resources
Roberts, M. R., & Whited, T. M. (2013). Endogeneity in Empirical Corporate Finance. In G. M. Constantinides , M. Harris, & R. M. Stulz (Eds.),
Handbook of the Economics of Finance (Vol. 2, pp. 493–572)
Plus the papers assigned to each week.
Contacts
- Chief Examiners
- Dr Ying Dou
Common questions
What are the prerequisites for BFX4002?
BFX4002 has no prerequisites, but enrolment rules apply.
When is BFX4002 offered?
In 2024, BFX4002 runs in Semester 1 at Caulfield.
How much work is BFX4002?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFX4002 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 1 other task.