ProfessorHillier is Associate Principal and Executive Dean of the University of Strathclyde Business School. He is responsible for managing resources to provide teaching, learning, research and knowledge transfer activities in the Strathclyde Business School (SBS).
A Professor of Finance, David is the author of the largest franchise of Finance textbooks outside of the US and is a visiting professor at Politecnico di Milano. David is recognised as being in the top 3% of the most prolific finance researchers in the world over the past fifty years (Heck and Cooley, 2009) and appears regularly in the media as a business commentator. His YouTube channel of Finance lectures (professordavidhillier) has attracted more than 250,000 views worldwide.
David gained his PhD at the University of Strathclyde in 2000 and was appointed to full professor in 2002 at the age of 32. Between 2005 and 2010, David held the Ziff Centenary Chair in Financial Markets at the University of Leeds where he was Head of Accounting & Finance. He has acted as a World Bank consultant and provided consultancy advice to the NHS and several international stock exchanges. His executive clients include the Wise Group, Weir Group, Babcock, Wm Grant & Sons, Iberdrola, and David Brown Gears. He has taught in many international environments including China, Greece, Malaysia, The Netherlands, Oman, and Romania.
David sits on the CBI Scotland regional council and the MCR Pathways National Advisory Council. He is also a trustee of Mainstay Trust. David has won a number of industry and academic awards, including the Institute of Directors Scotland Public Sector Director of the Year.
Potential PhD supervision areas are Corporate Insider Trading and any area of Corporate Governance. Professor Hillier has access to a large number of databases in this area that are made available to his PhD students.
Professor Hillier teaches across the full suite of finance topics. His prior consultancy work relates to asset valuation, corporate risk management, corporate governance advice, equity and bond valuation, regulatory compliance, short term capital management, treasury management, and investing. He has worked as an independent assessor for a number of private and public organisations.
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David Hillier is Associate Principal at the University of Strathclyde and Executive Dean of the Strathclyde Business School, having previously held the Ziff Chair in Financial Markets at Leeds University Business School, University of Leeds.[1] He has taught financial and accounting topics in a number of academic institutions in Greece, Italy, Malaysia, the Netherlands, Spain, Tanzania, Thailand and others. Professor David Hillier is an author of several books and other publications in the field of finance, corporate governance and accounting, including "Fundamentals of Corporate Finance: European Edition".
Hillier was appointed to the Ziff Chair in Financial Markets at the University of Leeds in 2004.[2] He moved to the Accounting and Finance Department in the University of Strathclyde in September 2010. His research papers have attracted an ANBAR citation and best paper prizes and he has been ranked in the top 3% most prolific finance researchers in the world over the period 1958 - 2008.[3] He is also on the editorial board of Accounting and Finance, Accounting Research Journal, Finance Letters, Journal of Business Finance and Accounting, Review of Behavioral Finance, and African Journal of Finance and Management. Previously, Professor Hillier has also reviewed for many journals, including the Journal of Banking and Finance, Financial Analysts Journal, Journal of Business Finance and Accounting, Journal of Corporate Finance, The Financial Review, Journal of Risk and Insurance, Journal of Management Studies, European Financial Management, and Journal of International Money and Finance.
Professor Hillier has conducted courses for a variety of professional clients, including The World Bank and the National Health Service. He was employed as a World Bank consultant in March 2004 to the Bank of Tanzania and his main role was to advise the institution on the use and supervision of financial derivatives in the local banking sector. He has also worked as a consultant for NHS Connecting for Health to advise on their internal corporate governance structures.
Fundamentals of Corporate Finance, 1st European Edition, brings to life the modern-day core principles of corporate finance using a problem solving approach. The book is an adaptation of the highly successful Fundamentals of Corporate Finance text by Ross, Westerfield and Jordan and is aimed specifically at an international audience.
David Hillier is a professor of finance at the University of Strathclyde. He research focuses on corporate governance, corporate finance, insider trading, and behavioural finance. Professor Hillier is an established teacher of executive programmes and has conducted courses for a variety of professional clients. He is also the adapting author of the European editions of Financial Markets and Corporate Strategy (McGraw-Hill, 2008) and Corporate Finance (McGraw-Hill, 2010).
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David Hillier is Professor of Finance at the University of Strathclyde, teaches regularly in development programs for executives and has taught courses for a wide variety of professional clients, including the World Bank and the National Health Service in the UK. It is part of the editorial board of several international journals of finance.
Stephen A. Ross was the Franco Modigliani Professor of Financial Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics. Professor Ross is recognized for his work in developing the arbitrage pricing theory, along with his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he also served as an associate editor of several academic and practitioner journals, and was a trustee of CalTech.
Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal. His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.
Bradford D. Jordan is Visiting Scholar at the University of Florida. He previously held the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he was department chair for many years. He specializes in corporate finance and securities valuation. He has published numerous articles in leading finance journals, and he has received a variety of research awards, including the Fama/DFA Award in 2010.Dr. Jordan is coauthor of Corporate Finance 13e, Corporate Finance: Core Principles and Applications 7e, Fundamentals of Corporate Finance 13e, and Essentials of Corporate Finance 1le, which collectively are the most widely used business finance textbooks in the world, along with Fundamentals of Investments: Valuation and Management 10e, a popular investments text.
The main aim of the course is to provide an insight into more advanced topics in corporate finance, which are necessary for both financial managers, financial analysts and consultants. It starts with a review of the basic concepts of financial management and valuation. It then focuses on optimal corporate policy, in regards to capital structure, investment and payout policy, in the presence of market imperfections. The final part of the course looks at more advanced topics in corporate finance such as agency problems and advanced valuation.
Lectures: in the lectures we will cover theories aimed at identifying cost and benefits of different financing choices and understand their impacts on the firm value and performance. The teaching will cover theories, their proofs, and the solution of simple valuation/capital structure cases and problems.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.
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