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Spring 2021
LAW113  A  CORPORATE FINANCE

Course Description
This course will introduce the law and economics of corporate finance. The course begins on the economic side, looking at the fundamentals of valuation—the time value of the money, net cash flow as the measure of value, and the derivation of capitalization rates. Expanding on the theme of valuation, the course goes on to the economics of securities markets (the efficient capital markets hypothesis) and of capital structure (the irrelevance hypothesis). The course then turns to the legal side, with a transactional focus, looking at the long-term debt contracting, asset securitization, and financing with hybrid securities.

Course Schedule
Dates Day Time Room
01-25-2021 - 04-27-2021   TR  10:10 AM-11:25 AM F209

Course Frequency
This course is usually offered once every academic year

Course Information

Credits: 3
Pass/Fail Option: Yes
Prerequisite: Business Associations
Corequisite: Business Associations
Grading: Graded
Method of Evaluation: 3 hour in-class exam with multiple choice and short answer questions.
Graduation Requirements Fulfilled By Course:
General
Special Attributes: None
Course Delivery:
Residential
Special Restrictions:
Law Track(s):
Business & Taxation - Basic
Entertainment, Music, & Sports - Related
Family & Personal - Related
Bar Subject(s): None
Concentration(s):
Business Compliance and Sustainability (Area of Focus)   More information
Business Compliance and Sustainability (Concentration)   More information
The Business of Innovation, Law and Technology: BILT (Concentration)   More information
Course Book(s):
Textbook Required:
Yes  
  • Textbook Name: Corporate Finance, Cases and Materials, 9th
    Textbook Type: Hardcover
    Requirement: Required
    Author: William Bratton
    Publisher: Foundation Press
    Edition: 9th - Will be released in February
    ISBN: See below message
      

Additional Materials:
Please DO NOT buy the 8th edition. The 9th edition will be released in February. You should preorder the new edition at store.westacademic.com. The book will be available to preorder in January. You can save 15% by using MIAMILAW code at checkout. You will receive an e-book code in early February once the book is sent to print. The print version will follow a few weeks later. For the first 2-3 weeks of class you will be provided with pdf's of the material you are covering.  
First Class Assignment(s):
  • Assignment: There is a course page on Blackboard. A preliminary Syllabus and a pdf of Part I of the casebook posted there. At Tuesday’s class, we will cover the Introduction (casebook 1-pages 22) and begin 1.1, casebook pages 23-40. Thursday’s class will pick up 1.1 and go on to 1.2 on capital budgeting and 1.3 on the composition of expected returns, casebook pages 40-58.

    Material:
    Textbook Type Hardcover
    Textbook Requirement Required
    Textbook Name Corporate Finance, Cases and Materials, 9th
    Textbook Publisher Foundation Press
    Textbook Author William Bratton
    Textbook Edition 9th - Will be released in February
    Textbook ISBN See below message

    Additional Information:
    Please DO NOT buy the 8th edition. The 9th edition will be released in February. You should preorder the new edition at store.westacademic.com. The book will be available to preorder in January. You can save 15% by using MIAMILAW code at checkout. You will receive an e-book code in early February once the book is sent to print. The print version will follow a few weeks later. For the first 2-3 weeks of class you will be provided with pdf's of the material you are covering.
      

    Casebook 9th ed Part I.pdf

 
Professor(s)