Beruflich Dokumente
Kultur Dokumente
Topics
Behavioral finance: an overview and main
concepts
Discussions
Morals and Ethics: Why they Matter in the
Readings
B&N Ch. 1, 4, 14
3&4
5
6&7
8&9
10 & 11
12
13
14, 15 & 16
Business World?
Traditional vs Behavioral finance
Efficient market hypothesis and alternative
market
hypotheses
Market
anomalies:
calendar
effects,
overreaction,
under reaction, herding
Discussions
Heuristics and behavioral biases
Expected utility theory vs Prospect theory
Mental accounting
Framing effects
Discussions
Market sentiment: definition, measures
and
predictability of stock returns
Social influences: Mood
Discussion on sport sentiment
Behavioral corporate finance:
Corporate governance
Loyalty issues: Discussion on loyalty
issues. Milgrams experiment
Behavioral corporate finance: Corporate
ethics issues
Behavioral corporate finance: Agency
conflicts
Case: Enron Collapse
Behavioral corporate finance:
Mergers & Acquisitions
M&A
traditional
and
behavioral
approaches
B&N Ch.2, 18
B&N Ch. 36
B&N Ch. 24
B&N Ch. 24
B&N Ch. 24
B&N Ch. 26
Teaching Method
Lectures and exercise sessions, case studies, research papers, discussions, videos, inclass student presentations and assignments
Discussion in the class on the basis of latest research papers on course topics
Textbook(s)/Supplementary Readings
Baker, K., Nofsinger, J.R. (2011) Behavioral finance: Investors, corporations and
markets.
Baker, K., Ricciardi , Victor. (2014) Investor behavior : The Psychology of Financial
Planning and Investing
Pompian, Micheal M. (2006) Behavioral Finance and Wealth Management
Evaluation
Assignments 10 marks
Quiz and Presentation 10 marks
Mid Term Examinations 30 marks
Final Examination 50 marks