Dr. P.V. Viswanath

 

pviswanath@pace.edu

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  Courses /FIN 663/ Course Outline and TimeTable  
 
 
     
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FIN 663: Financial Strategy and Business Decisions
Course Outline and TimeTable - Spring 2022

 
   
 

Class Meeting Days

Topics

Projects, Deadlines, Resources

Week 1
January 25

Introduction to the Financial System

Black Homeowners Face Discrimination in Appraisals, NYT, August 25, 2020
Global Reconstruction, Chap. 10 from Sven Beckert’s The Empire of Cotton

February 1

No class

Form your groups

Week 2
February 8

Porter Analysis, Corporate Strategy and Valuation
The interdependence of marketing/ management/ production decisions from the point of view of a project/firm value maximizing manager  (Slides)


Video on Porter Analysis and Resource-Based View

Week 3
February 15

Introduction to Financial Statements

Porter Model Assignment due

Week 4 February 22

Introduction to Dupont Analysis (Slides)
How Marketing Strategy can be improved/monitored through Dupont Analysis

Week 5
March 1

Implementation of Dupont Strategies (Slides)

 

Week 6
March 8

Introduction to Capital Structure (Slides)
Capital Structure and Stockholder Incentives (Slides)

Dupont Analysis Assignment due

March 15

No class

Assignment on Credit Rationing due
March 12

Test 1

Week 7
March 22

Capital Structure and Stockholder Incentives (Slides)

Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)
Myopia Assignment Due March 25

Week 8
March 29

Capital Structure and Competition (Slides)


Week 9
April 5

Capital Structure and Competitive Strategy(Slides)

Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)
Assignment on Information Effects of Security Issuance Due

Week 10
April 12

Capital Structure and Operating Strategy (Slides)

"Coca-Cola Hellenic: Workers Pay, Shareholders Profit From Crisis," Industrial Worker; Philadelphia 1 Nov 2009. (In Media Articles)

Week 11
April 19



Risk Management -- Introduction and Tools (Slides)

Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11

Week 12
April 26

Hedging and Improved Planning for Future Capital Needs
Hedging and Improved Management Compensation Design (Slides)

Chapter 21: Risk Management and Corporate Strategy in Grinblatt and Titman (2001)

Week 13
May 3


Risk Management and the Firm
Hedging and Reduction of Financial Distress Costs
Financial Flexibility and Operational Flexibility (Slides)

Chapter 16: Risk Management in Nonbank Corporations in Crouhy, Galai and Mark (2001)
“A Framework For Risk Management,” by Kenneth Froot, David Scharfstein and Jeremy Stein in HBR (1994)
Chapters 3 and 4: A Firm-Wide Approach to Risk Management in Rene Stulz, Risk Management and Derivatives

Week 14
May 10


Final Exam

The importance of financial flexibility, Sept. 9, 2005, Financial Times (accessible from Media Articles Page under Finance and Strategy.
Risk Management at Apache, HBS case 201113; write-up due by midnight.

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