Modulhandbuch (Module manual)

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M.184.5235 Disclosure Theory
(Disclosure Theory)

Koordinator (coordinator):	Prof. Dr. Michael Ebert
Ansprechpartner (contact):	Prof. Dr. Michael Ebert (michael.ebert[at]uni-paderborn.de)
Credits:	5 ECTS
Workload:	150 Std (h)
Semesterturnus (semester cycle):	WS
Studiensemester (study semester):	1-4
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.52351 / Disclosure Theory		30 Std (h)	120 Std (h)	P
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
Basic understanding of game theory, for example from attending M.184.2441 Game Theory.

Empfohlene Voraussetzungen (prerequisites):

Basic understanding of game theory, for example from attending M.184.2441 Game Theory.

Inhalte (short description):
This course contains weekly seminar meetings, in which we discuss seminal papers from the field of disclosure theory. Students are expected to read the paper to be discussed in a given week in advance and to contribute to the discussion. The seminar starts in the first week of the lecture period. This seminar deals with firms' voluntary disclosures towards investors and other stakeholders from a theoretical perspective. We develop a toolset to understand why firms disclose private information and under which circumstances they don't. We discuss seminal papers of the field with a particular focus on the models used and the conclusions drawn from these models. The seminar aims at providing participants with an overview of the economic literature on voluntary disclosure and with the necessary skills to tackle analytical literature in their final theses. In writing exercises students learn how to handle research papers in their own texts, such as final theses. Exercises cover for example analyzing the structure of papers, the use of figures of speech, how to deal with analytical versus empirical research papers, how to cluster literature. Grading is based on a portfolio of three short written assignments, which are spread evenly across the lecture period, and a paper presentation at the end of the lecture period.

Inhalte (short description):

This course contains weekly seminar meetings, in which we discuss seminal papers from the field of disclosure theory. Students are expected to read the paper to be discussed in a given week in advance and to contribute to the discussion. The seminar starts in the first week of the lecture period.

This seminar deals with firms' voluntary disclosures towards investors and other stakeholders from a theoretical perspective. We develop a toolset to understand why firms disclose private information and under which circumstances they don't. We discuss seminal papers of the field with a particular focus on the models used and the conclusions drawn from these models. The seminar aims at providing participants with an overview of the economic literature on voluntary disclosure and with the necessary skills to tackle analytical literature in their final theses.

In writing exercises students learn how to handle research papers in their own texts, such as final theses. Exercises cover for example analyzing the structure of papers, the use of figures of speech, how to deal with analytical versus empirical research papers, how to cluster literature.

Grading is based on a portfolio of three short written assignments, which are spread evenly across the lecture period, and a paper presentation at the end of the lecture period.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... develop a comprehensive understanding of disclosure games, especially with respect to the formation of rational expectations based on disclosure incentives. are able to identify driving assumptions of disclosure models and to understand how they affect the external validity of model outcomes. learn to explore and structure a topical stream of literature, identify common themes as well as substantial differences between strands of a literature.
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... are able to formally describe the solution of disclosure games. are able to grasp the economic intuition behind disclosure equilibria and transfer this intuition to new settings. develop the ability to assess the necessity of disclosure regulation. They are able to extract and analyze incentives in non-cooperative games and derive rational expectations from them. They can apply these abilities to the discussion of empirical phenomena, such as voluntary disclosures by firms or disclosure regulation put forward by capital markets.
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... form study groups and support each other in understanding the assigned readings. (This does not imply group assignments. Grading is on an individual basis) take an active part in class, presenting and discussing the assigned papers.
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... know how to structure and undertake a comperehensive literature review, especially when dealing with demanding analytical models. are able to assess the necessity and the effects of disclosure regulation.

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulteilprüfungen
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Portfolio	Three short written assignments, 12-15 pages in total, and one paper presentation of about 45 min.	100.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M. Ed. Wirtschaftspädagogik M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M.Ed. Wirtschaftspädagogik M.Sc. Betriebswirtschaftslehre M.Sc. International Business Studies M.Sc. International Economics and Management M.Sc. Management Information Systems M.Sc. Wirtschaftsinformatik M.Sc. Wirtschaftspädagogik M.Ed. Wirtschaftspädagogik M.Sc. Management M.Sc. Taxation, Accounting and Finance

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)

M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M. Ed. Wirtschaftspädagogik
M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M.Ed. Wirtschaftspädagogik
M.Sc. Betriebswirtschaftslehre
M.Sc. International Business Studies
M.Sc. International Economics and Management
M.Sc. Management Information Systems
M.Sc. Wirtschaftsinformatik
M.Sc. Wirtschaftspädagogik
M.Ed. Wirtschaftspädagogik
M.Sc. Management
M.Sc. Taxation, Accounting and Finance

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
Weekly reading course. For each meeting students have to have read a seminal paper and be prepared to discuss it actively in class. The discussions are guided by the lecturer. Periodically, students write short discussions of specially assigned papers in order to practice scientific writing.

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