UNIVERSITY OF TORONTO FACULTY OF LAW LAW AND FINANCE INTENSIVE COURSE MATERIALS November 2006 Faculty of Law University of Toronto These materials are intended for the sole educational use of students at the University of Toronto’s Faculty of Law NOV 1 3 2005 FACULTY OF LA'^ UNIVERSITY OF TCROW^'' Law and Finance Intensive Course Materials Prof. Edward lacobucci Faculty of Law University of Toronto Fall 2006 Note: These materials are not to be considered published, and this compilation is intended solely for teaching purposes. Contents Monday readings: Excerpt from Brealey, Myers and Marcus on valuation, Fama on efflcient capital markets, Pocklington FoodSy excerpt from Brealey et al. on capital structure irrelevance. Public Utilities Act Reference Tuesday and Wednesday readings: Jensen and Meckling on agency costs and theory of the Arm, Ziegel et al. on jurisdictional competition, Alarie and lacobucci on income trusts, lacobucci and Winter on asset securitization Thursday readings: Minton, Hansmann and Kraakman on unlimited liability Friday readings: Shleifer and Vishny on corporate governance, Demsetz and Lehn on ownership structure, Morck, Shleifer and Vishny on managerial ownership, lacobucci and Triantis on legal boundaries of firms