2025/2026 KAN-CEAPO2001U Corporate Governance and Entrepreneurship
English Title | |
Corporate Governance and Entrepreneurship |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Mandatory (also offered as elective) |
Level | Full Degree Master |
Duration | One Semester |
Start time of the course | Spring |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Study board |
Study Board for Finance, Economics &
Mathematics
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Course coordinator | |
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Main academic disciplines | |
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Teaching methods | |
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Last updated on 14-05-2025 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||
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Course prerequisites | ||||||||||||||||||||||||
This course is offered as an elective to incoming
exchange students. It is a mandatory course for the MSc in Applied
Economics and Finance. It is assumed that students have knowledge
similar to the entry requirements for this program.
Students will be selected based on their application. Please send a 1-page motivational letter, a 1-page CV, and a grade transcript to ily.stu@cbs.dk before the registration deadline for elective courses. |
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Prerequisites for registering for the exam (activities during the teaching period) | ||||||||||||||||||||||||
Number of compulsory
activities which must be approved (see section 13 of the Programme
Regulations): 1
Compulsory home
assignments
The students need to successfully complete one out of two group assignments (assigned during the first course lectures) in order to be registered for the exam. Students will not have extra opportunities to get the required number of compulsory activities approved prior to the ordinary exam. If a student has not received approval of the required number of compulsory activities, the student cannot participate in the ordinary exam. If a student prior to the retake is still missing approval for the required number of compulsory activities and meets the pre-conditions set out in the program regulations, an extra assignment is possible. The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake. |
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Examination | ||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||
Corporate governance involves a set of relationships between a company’s management, board, shareholders and stakeholders. It also provides the structure and systems through which the company is directed and its objectives are set, and the means of attaining those objectives are determined, by aligning the interests and monitoring performance of the relevant company actors (OECD,2023). The course is a topic course, covering various issues in
corporate governance. We begin with an overview of agency issues in
financial contracting, and their implications for an
entrepreneurs' access to financing. We continue by discussing
the role of corporate governance mechanisms (i.e., board of
directors, incentives) in faciliating the growth of entrepreneurial
(startup) firms and then broaden the discussion to other types of
companies, including the publicly listed corporations. We then
continue by looking deeeper into design and role of selected
corporate governance mechanims, namely incentive schemes, ownership
and board of directors. For each of these, we review the most
relevant theories and then apply them to various types of firms
(e.g., family owned firms, public corporations with dispersed
ownership). For most of the topics, the standard
economics literature will be complemented with insights from
behavioral theory of corporate governance.
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Research-based teaching | ||||||||||||||||||||||||
CBS’ programmes and teaching are research-based. The following
types of research-based knowledge and research-like activities are
included in this course:
Research-based knowledge
Research-like activities
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Description of the teaching methods | ||||||||||||||||||||||||
The format of the course is based on three
elements:
1. Business case analysis (before class) 2. Group discussion of the most recent theoretical and empirical articles in the field 3. Lectures |
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Feedback during the teaching period | ||||||||||||||||||||||||
Feedback will be provided either as part of group works or discussions in the class. | ||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||
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Expected literature | ||||||||||||||||||||||||
Collection of business cases and academic articles within the field of corporate governance. |