1. Corporate Governance and Corporate Finance Spring semester 2009/2010 academic year Readings Instructor: Alexander Bukhvalov, PricewaterhouseCoopers Professor of Finance, Department of Finance and Accounting E-mail: bukhvalov@gsom.pu.rubukhvalov@gsom.pu.ru Web site: http://bukhvalov.som.pu.ruhttp://bukhvalov.som.pu.ru Contact hours: Tuesday, 16.30-18.00, room 217

2. Home Assignment. Class 1 Jensen M.C., Mekling W.H. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure // Journal of Financial Economics 3 (4), 1976, 305-360. Also available at http://www.ssrn.comhttp://www.ssrn.com Read on creditors as agency problem side.

3. Home Assignment. Class 2 La Porta et al. Corporate Ownership Around World // Journal of Finance 54 (2), 1998, 471- 517. Read on anti-director index: its composition and interpretation.

4. Home Assignment. Class 3 La Porta et al. Corporate Ownership Around World // Journal of Finance 54 (2), 1998, 471- 517. Consider the ultimate owner and control chains concepts.

5. Home Assignment. Class 4 La Porta et al. Corporate Ownership Around World // Journal of Finance 54 (2), 1998, 471- 517. Concentrate on conclusions concerning the quality of CG and various country CG systems.

6. Home Assignment. Class 5 Pagano M., Roell A. 1998. The choice of stock ownership structure: Agency costs, monitoring and decision to go public. Quarterly Journal of Economics 113 (1): 187–225. Brau J. С., Fawcett S. E. 2006. Initial public offering: An analysis of theory and practice. Journal of Finance 61 (1): 399–436.

7. Home Assignment. Class 6 Healy P.M., Palepu K.G. 2003. The fall of Enron. Journal of Economic Perspectives 17 (2): 3–26.

8. Home Assignment. Class 7 Sarbanes-Oxley Act 2002 http://news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf

9. Home Assignment. Class 8 Weston J.F. et al. 2004. Takeovers, Restructuring, and Corporate Governance. Prentice-Hall. (in the library). Chapter “Takeover Defences”.