|
Class Meeting Days |
Topics
|
Projects
and other Deadlines
|
Class 1
September 9 |
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 |
Form your groups |
Class 2
September 16 |
Introduction to Dupont Analysis
How Marketing Strategy can be improved/monitored through Dupont Analysis
Slides |
Porter Model Assignment due
|
Class 3
September 23 |
Implementation of Dupont Strategies
Case Analysis: TJX vs Nordstrom
Group exercise: Pick two or more firms and analyze their volume/margin strategies with respect to their Dupont ratios
Working Capital and Supply Chains
Slides |
Group Assignment on Profit Margins vs. Volume Due
Read Profit Leveraging (from Blackboard)
Submit 1/2-1 page summary of group assignment on Dupont Analysis of Firms
|
Class 4
September 30 |
Capital Structure and Stockholder Incentives
Slides |
Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)
Group Assignment on Dupont Analysis of Firms Due
Ideas for Term Project -- one page write up due
|
Class 5
October 7 |
Capital Structure and Stockholder Incentives
|
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001) |
Class 6
October 14 |
Capital Structure and Competitive Strategy
Talk by Prof. Kostakopoulos
Slides
|
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)
Short-Sighted Investment Problem Due |
Class 7
October 21 |
Presentation by Daria Musk
Capital Structure and Competitive Strategy
Slides
Review for Midterm
|
"Caterpillar Workers Ratify Deal They Dislike," New York Times, Aug. 18, 2012. (In Media Articles) |
Class 8
October 28 |
Midterm
|
|
Class 9
November 4 |
Capital Structure and Operating Decisions
Slides (See Blackboard for Video)
|
|
Class 10
November 11 |
Group Presentation
Risk Management -- Introduction and Tools
Slides |
Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11
|
Class 11
November 18 |
Presentation by Jim Nish
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) |
Class 12
November 25 |
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
The importance of financial flexibility, Sept. 9, 2005, Financial Times (accessible from Media Articles Page under Finance and Strategy. |
Class 13
December 2 |
Risk Management: Case
Group Presentations
|
Risk Management at Apache, HBS case 9-201-113; write-up due by midnight by email. |
Class 14
December 9 |
Final Exam |
|
