CASH FLOW, DISCOUNT RATE NEWS, AND RETURN PREDICTABILITY
THE COURSE WILL NOT BE ORGANIZED IN 2021
Time:
August 17-19, 2020
Place: Otaniemi, Aalto University School of Business, Espoo
Instructor: Professor Zhi Da (Mendoza College of Business, University of Notre Dame)
NFN Travel Grant: NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this this form (rtf), and send it to nfn (at) aalto.fi.
Lectures: 12 h of lectures. (12 x 45 minutes)
DAY |
DATE |
TIME |
PLACE Otaniemi Campus Map |
Monday | 17.8. | 12:00-13.30 & 14:30-16:00 | U006, Ekonominaukio 1 |
Tuesday | 18.8. | 10:00-11:30 & 12:30-14:00 | U006, Ekonominaukio 1 |
Wednesday | 19.8. | 10:00-11:30 & 12:30-14:00 | U006, Ekonominaukio 1 |
Description: A central issue in
finance is whether stock prices move because of revision in expected
cash flows or discount rates. This intensive course deals with the
crucial question of what drives stock price movements. We will go over
the standard approach based on return predictability, the related
econometric and measurement issues. We will also review the main
empirical findings in the last 30 years. This courses does not require
advance training on asset pricing. Basic knowledge of present value
calculation should suffice.
Syllabus: TBA
Lecture Notes: TBA
Password for opening the course material will be e-mailed to the participants.
Credit units: 3 ECTS cr.
List of Participants: TBA
Participants: Doctoral students in finance. The course is also open for KATAJA as well as FDPE students with sufficient background in finance and/or economics. The course is also open for foreign doctoral students given that there is space in the course.
EXAMination
Grading: TBA
Registration / Application
- Doctoral students of GSF and FDPE
(finance & economics):
Please register through
this
link.
- Doctoral students in related fields and doctoral students at foreign universities: Application form can be found here: PDF file or Word file. Please, send in addition to your complete contact information, a report on the status of your doctoral studies, and a brief CV. Please ask also your thesis advisor to send us a short letter of recommendation by-email. All the required documents should be sent by e-mail to gsf@aalto.fi. All applicants will be informed of their acceptance soon after the deadline.
The registration deadline for this course is August 3, 2020.