University of Miami School of Law CourseLink Course Description - Online System
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Spring 2022

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

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:
Special Attributes:
Course Delivery:

Special Restrictions:
Law Track(s):
Business & Taxation - Basic
Entertainment, Music, & Sports - Related
Family & Personal - Related
Bar Subject(s): None
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): TBD/None      
First Class Assignment(s): TBD/None