Modulhandbuch (Module manual)

M.184.5262 Empirical Finance
(Empirical Finance)
Unterrichtssprache (teaching language): English / Deutsch (Academic literature will mostly be English; students may choose the language of their presentation and term paper individually)
Koordinator (coordinator): Jun.-Prof. Dr. Pelster, Matthias
Lehr- und Forschungseinheit (teaching unit):
Auskünfte (information): Pelster, Matthias (matthias.pelster@uni-paderborn.de)
Credits/ ECTS: 5
Zeitmodus (semester): Wintersemester (winter semester)
Kurzbeschreibung (short description):
The main focus of this course is the introduction to and intensive work with current empirical papers from the field of Finance. In the seminar, students will obtain an understanding of the quantitative methods used in the papers and learn how to implement these using empirical data and statistical software. Results are to be presented and discussed critically in class and have to be summarized in a short paper. Presentations will take place before students write up their papers and will focus on the structure and approach to their topic.

The seminar covers current papers on topics from the areas of Banking, Asset Pricing, Behavioral Finance or Corporate Finance that are published (or to be published) in leading academic journals. Working on these topics, students will be exposed to quantitative methods of econometrics, have to use basic statistical software packages, and have to implement quantitative methods using their own empirical dataset. Further necessary steps require independently planning and executing empirical analyses, collect, prepare, and manage their data, and critically evaluate the contribution of papers to our knowledge.
Lehrveranstaltungen - Teilmodule (courses - module elements):
W5262: Seminar
Empfohlene Voraussetzungen (prerequisites):
Die Inhalte der folgenden Module werden für dieses Modul vorausgesetzt (the following modules are prerequisites):

Zur Zeit sind keine Voraussetzungen bekannt. (No conditions are known.)
Voraussetzungshinweise (prerequisite suggestions):
Fundamental knowledge in the field Finance and multivariate analysis
Kombinationshinweise - Überschneidungen (overlapping modules):
Die Kombination mit folgenden Modulen ist nicht zulässig. (it is not feasible to combine with these modules):

Zur Zeit sind keine Überschneidungen bekannt. (No overlaps are known.)
Erläuterungen (comments):
None.
Prüfungsmodalitäten (assessments):
25% Presentation
75% Term Paper
Lernziele (learning objectives):
Faktenwissen
(factual knowledge):
Knowledge on current topics from the areas of Banking, Asset Pricing, Behavioral Finance or Corporate Finance
Methodenwissen
(methodic competence):
Application of quantitative methods; usage of basic statistical software packages; data analysis
Transferkompetenz
(transfer competence):
Transfer of fundamental knowledge to current topics (in Finance)
Normativbewertendes Wissen
(normative competence):
Self-contained selection, use and assessment of factual knowledge and methodic competences
Schlüsselqualifikationen (skills):
Evaluation of current research
Critical assessment and discussion of current research
Self-organization to complete complex projects
Preparation and implementation of a small research project
Extension of skills needed to perform oral presentations
Methodische Umsetzung (methodic implementation):
Introductory meetings, personalized advice, presentations
Unterrichtssprache (teaching language):
English / Deutsch (Academic literature will mostly be English; students may choose the language of their presentation and term paper individually)
Ablaufinformationen, Terminplan, etc. (practical implementation, schedule):
See website of Prof. Pelster
Bemerkungen (remarks):
Lernmaterialien, Literaturangaben (learning material, literature):
Information regarding topics and academic literature will be distributed in the context of the introductory event
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