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Schedule
Week 1: Moral Hazard
Wednesday, 8/27, 8:45am-11:45am, Morrow Conference Room (formerly
Conference Room 5).
Handouts: Syllabus,
Notes:
Holmstrom (1979), Notes:
Holmstrom (1982), Notes:
Holmstrom/Milgrom (1991).
Papers: Holmstrom (1979), Holmstrom (1982),
Holmstrom/Milgrom (1991).
Additional readings: Prendergast (2002),
Coles/Lemmon/Meschke (2006), Bebchuk/Grinstein
(2005).
Week 2: Auctions and Applications to
Corporate Finance
Wednesday, 9/3, 8:45am-11:45am, Morrow Conference Room (formerly
Conference Room 5).
Handouts: Notes:
Auctions.
Papers: Myerson (1981), Benveniste/Spindt (1989).
Additional readings: Milgrom/Webber (1982),
Jagannathan/Sherman (2006).
Week 3: Financing with Incomplete
Contracts
Wednesday, 9/10, 8:45am-11:45am, Seminar Room A.
Handouts: Notes:
Aghion/Bolton (1992), Problem Set 1 (Due
9/18).
Papers: Aghion/Bolton (1992).
Additional readings: Kaplan/Stromberg (2003),
Dow/Raposo (2005), Harris/Raviv (2005),
Aghion/Tirole (1997).
Week 4: Bank Runs and Coordination
Problems
Wednesday, 9/17, 8:45am-11:45am, Seminar Room A.
Papers: Diamond/Dybvig (1983), Morris/Shin (1998).
Additional readings: Goldstein/Pauzner (2005).
Week 5: Takeovers
Wednesday, 9/24, 8:45am-11:45am, Seminar Room A.
Papers: Grossman/Hart (1980), Grossman/Hart
(1988).
Week 6: Bubbles and Corporate Finance
Wednesday, 10/1, 8:45am-11:45am, Seminar Room A.
Papers: Abreu/Brunnermeier (2003), Rubinstein
(1989).
Week 7: Financing with Costly State
Verification
Wednesday, 10/8, 8:45am-11:45am, Seminar Room A.
Handouts: Problem Set 2.
Papers: Townsend (1979), Gale/Hellwig (1985),
Diamond (1984).
Additional readings: Mookherjee/Png (1989), Webb
(1992), Winton (1995), Krasa/Villamil (2000),
Lacker/Weinberg (1989).
Week 8: Financial Distress
Wednesday, 10/15, 8:45am-11:45am, Seminar Room A.
Papers: Myers (1977), Bulow/Shoven (1978),
Shleifer/Vishny (1992).
Additional readings: Gertner/Scharfstein (1991).
Week 9: Multiple Financiers
Wednesday, 10/22, 8:45am-11:45am, Seminar Room A.
Papers: Bolton/Scharfstein (1996).
Additional readings: Berglof/von Thadden (1994),
von Thadden/Berglof/Roland (2003), Stulz/Johnson
(1985).
Week 10: Dynamics of Financing
Constraints
Wednesday, 10/29, 8:45am-11:45am, Seminar Room A.
Papers: DeMarzo/Sannikov (2006),
DeMarzo/Fishman/He/Wang (2008).
Additional readings: Albuquerque/Hopenhayn (2004).
Week 11: Financing Constraints and
Business Cycles
Wednesday, 11/5, 8:45am-11:45am, Seminar Room A.
Papers: Bernanke/Gertler (1989).
Additional readings: Scheinkman/Weiss (1986).
Week 12: Collateral and Asset Prices
Wednesday, 11/12, 8:45am-11:45am, Seminar Room A.
Papers: Kiyotaki/Moore (1997).
Additional reading: Kiyotaki (1998), Kehoe/Levine
(1993), Rampini/Viswanathan (2008).
Week 13: Liquidity and Economic Activity
Wednesday, 11/19, 8:45am-11:45am, Seminar Room A.
Papers: Holmstrom/Tirole (1997).
Additional readings: Holmstrom/Tirole (1998).
Week 14: Discussion of Research Questions
in Corporate Finance Theory
Wednesday, 12/3, 9am-11am, Seminar Room
A.
Final Exam
Wednesday, 12/10, 9:00am-11:30am, Seminar
Room A.
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