9 August 2024
Behavioral Corporate Finance
Traditional corporate finance assumes that managers and investors are rational and that capital markets are efficient. This is, however, often not the case. The behavioral approach to corporate finance relies on evidence from psychology in terms of personality traits and cognitive biases affecting the behavior of agents. Behavioral Corporate Finance complements the traditional corporate finance models and provides the bridge – fills the gap – between the standard corporate finance textbook and empirical observations from the real business world.
Behavioral Corporate Finance identifies the key psychological obstacles to optimal behaviour and provides guidelines to mitigate own obstacles and exploit other agents’ obstacles in relation to
capital budgeting
valuation
M&A
real options
capital structure
corporate governance
corporate internationalization
Thus, Behavioral Corporate Finance teaches students to use tools from corporate finance in a real-world setting where behavioral aspects related to personality traits and cognitive biases influence decision-making.
Course leader
Tom Aabo
Target group
Master's Level
Fee info
EUR 705: EU/EEA citizens
EUR 1750: NON EU/EEA citizens
Scholarships
No scholarships available