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Версия для слабовидящихЛичный кабинет сотрудника ВШЭПоиск
Магистратура 2019/2020

Научно-исследовательский семинар "Привлечение финансирования и институциональные вопросы"

Направление: 38.04.08. Финансы и кредит
Кто читает: Школа финансов
Когда читается: 2-й курс, 1-3 модуль
Формат изучения: без онлайн-курса
Прогр. обучения: Стратегическое управление финансами фирмы
Язык: английский
Кредиты: 7

Course Syllabus

Abstract

This course represents a system of research seminar for the 2nd year master students. The research seminar is aimed to develop the academic skills of the master students and to prepare them to make their own research in the area of finance. Research in this area applies specific mathematical and econometrical methods, as well as the perfect data mining skills. The course contains two types of research activity. The first activity for every 2nd year master student is to participate in the large research seminars of HSE School of Finance. The second type of activity is to participate in the small team seminars (that should be chosen before the beginning of the year). Both parts of the research seminar aim to help students to develop the academic writing skills and a number of soft skills that are useful for a financier (e.g. presentation skills, team work, project management). The first part of research seminar aims at fostering discussion and interaction on variable topics in finance. The second part aims to develop personal academic skills in the chosen area. Students who chose Fundraising and Institutional Issues’ deepen their knowledge in institutional aspects of finance as well as in valuation of equities and its drivers. The students also develop their skills in the data-mining, work with the literature and text preparation in this area.
Learning Objectives

Learning Objectives

  • To provide the student with proper tools and skills for making their own research in the area of finance
Expected Learning Outcomes

Expected Learning Outcomes

  • formulate and verify his or her own research question
  • choose and apply the proper methods to test the hypotheses
  • explain and demonstrate using empirical data the challenges to the efficient market hypothesis
  • explain the nature of biases rooted in data mining and statistical methods
  • prepare the literature review for his or her master thesis
  • know how to do the data-mining in financial and investment sphere
Course Contents

Course Contents

  • Writing a research paper in institutional finance. Formal and informal requirements for master thesis
  • Work with data in area of stock market valuation. Analysis of previous research on the subject.
  • Progress discussions. Individual presentations (every class)
  • Participations in School of Finance seminars
  • Presentations of master thesis details
Assessment Elements

Assessment Elements

  • non-blocking Literature reviews
  • non-blocking Data gathering
  • non-blocking Models development and calculations
  • non-blocking Other home assignments
  • non-blocking Presentations (team work)
  • non-blocking Participation in class discussions
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.3 * Data gathering + 0.3 * Literature reviews + 0.1 * Participation in class discussions + 0.3 * Presentations (team work)
Bibliography

Bibliography

Recommended Core Bibliography

  • Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread. Journal of Financial Economics, (2), 223. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.jfinec.v17y1986i2p223.249
  • Aswath Damodaran. (1999). Estimating Risk Parameters. New York University, Leonard N. Stern School Finance Department Working Paper Seires. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.fth.nystfi.99.019
  • Aswath Damodaran. (2003). Measuring Company Exposure to Country Risk: Theory and Practice. Unpublished working paper. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.71BB81D2
  • Eugene F. Fama, & Kenneth R. French. (1993). Common Risk Factors in the Returns On Stocks And Bonds. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.7308D8C2

Recommended Additional Bibliography

  • Seattle University, S. U. ( host institution ), Datar, V. T., Y. Naik, N., & Radcliffe, R. (1998). Liquidity and stock returns: An alternative test. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.DC4E6B41