Studyinfo subject ØABED4400 2021 HØST
ØABED4400 Corporate Governance Course description
- Course name in Norwegian
- Eierstyring og selskapsledelse
- Study programme
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Masterstudium i økonomi og administrasjon
- Weight
- 10.0 ECTS
- Year of study
- 2021/2022
- Curriculum
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FALL
2021
- Schedule
- Programme description
- Course history
-
Introduction
The course builds on the insight that a company's management does not necessarily satisfy the objectives of investors and credit providers. Incentives and controls systems are important means of eliminating goal conflicts. Agency models (adverse selection and moral hazard) are therefore important in the course. Recent research and current articles will play a key role in the course.
Recommended preliminary courses
Applied Statistical Methods, Strategic Human Resource Management and Corporate Finance.
Required preliminary courses
None.
Learning outcomes
After completing the course, students will acquired the learning outcomes defined in knowledge, skills and general competence:
Knowledge
The student has
- in-depth knowledge of how internal and external mechanisms can contribute to increasing value creation by improving corporate governance. (Internal mechanisms deal with such factors as the independence of the board of director and the biggest owner's ownership interest, while external mechanisms include the importance of bank connections, competition in the product market and public regulation)
- an overview of the most important case areas in and results from empirical research on corporate governance
- deep insight into financial economics and a critical understanding of relevant techniques, statistical methods and data sources
Skills
The student is capable of
- applying relevant techniques, statistical methods and data sources in different investigations as an integrated part of theoretical and empirical discussions
- processing formal models and conducting own investigations by choosing elements that are important in an organisation and management perspective
Content
- Corporate governance in different financial systems. Control via banks and via acquisitions
- Legal traditions and corporate governance
- Duties and regulation of and recommendations for the board of directors
- The company's structure and profitability. Independent board members, diversity in the board of directors, the managing director and the board of directors, the board of directors' network, employee representatives
- Recruitment to the board of directors
- Board governance models
- The importance of owners. Dispersed and concentrated ownership
Teaching and learning methods
The course is taught in plenary lectures, and students work on and discuss different assignments in groups and plenary sessions.
Course requirements
In order to be able to register for the exam, the student must have the following approved work requirements:
Two written assignments must be handed in by set deadlines during the semester. The scope of the assignment (number of pages) varies depending on the nature of the assignment. If an assignment is not approved, the student will be given one opportunity to submit an improved version. The lecturer will inform students about deadlines for submission.
Assessment
Written school exam (4 hours).
Permitted exam materials and equipment
Calculator (see separate regulations).
Grading scale
Grading scale A to F.
Examiners
An internal and an external examiner will grade the exam.
A selection of at least 25% of the exam papers will be assessed by two examiners. The grades awarded to exam papers assessed by the external and internal examiner will be used to determine the level of all exam papers.