17015

17015 International Corporate Governance, 5 cr

Place: 
Helsinki
Type: 
Advanced studies
Kind: 
Course
Teaching language: 
English
Course Description: 

The course analyzes how corporate governance mechanisms affect firm value and the development of capital markets. Topics covered include legal shareholder protection, ownership structures, large investors, founder- and family-owned firms, corporate governance and organizational architecture, shareholder activism, executive compensation, informed trading, governance through trading, politically connected firms, and governance in transition. Cross-country comparisons of different corporate governance systems are made.

Learning Goal: 

You can evaluate how corporate governance mechanisms affect firm value.

After completing the course, you will be able to: 
  • identify agency problems that occur in corporations;
  • understand how corporate governance is related to strategy, organizational design, the firm’s environment, and shareholder value;
  • analyze how various corporate governance mechanisms can reduce agency problems and consequently improve firm value;
  • understand the relation between legal investor protection and forms of expropriation by insiders;
  • develop strategies for improving managerial incentives through ownership and reward systems;
  • identify obstacles and possibilities related to corporate governance reform.
International Learning Experience: 

Problem solving in an international business environment. International cases are used. International research articles are used.

Pre-requisites: 

Completed 20 ECTS in Finance at bachelor/master's level required (not applicable to students within the FABD specialisation's track Finance).

Total Student Workload: 

134 hours divided into
Scheduled (contact) hours: 24 h
Non-scheduled work: 110 h

Instruction: 

Final exam, lectures, exercises (term paper), contact hours, self studies

Literature and Course Material: 

Articles and other material suggested by the instructor.

Assessment: 

Final Exam 70%
Term paper 30%

Recommended Time of Performance: 

First or second year of Master's studies.

Equivalent Courses: 

Students who have completed the earlier course International Corporate Finance (8 ECTS, course code 1742) cannot take this course.

Non-degree studies (Open University, JOO and Contract Studies): 

Open university quota: 3
Quota for JOO-students: 3