This course is intended to provide the students with a general framework of understanding various practical implications and legal consequences of potential conflicts of interests within a corporation. A fundamental underlying theme is the agency relationship between managers or insiders and outside investors. Special attention is paid to corporate environment in non-U.S. countries.
The course will be composed of three parts. In part one, we review the structure of corporations around the world to understand how they may relate to different types of conflict of interest in a firm or within a business group. In part two, we introduce various forms of detailed transactions that could potentially harm the interests of outside investors and how the legal environment in each country protects or allows such transactions. In part three, we discuss the integrity of the capital market as an integral part of general investment ethics focusing on issues of insider trading and market manipulation.
Prerequisite: Students taking this course should have taken Corporate Finance or Financial Management. Students who have not should consult with the instructor on the first day of the course.
Faculty: Prof. Woojin Kim
Course Date & Time
April 12 - May 7, 2021
Mondays & Wednesdays, 2:00 - 6:00 p.m. (Korea Standard Time); 8 four-hour classes