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Class Meeting Days |
Topics
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Projects
and other Deadlines
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Class 1
September 10 |
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 |
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Class 2
September 17 |
How Marketing Strategy can be improved/monitored through Modified Dupont Analysis
Slides |
Porter Model Assignment due
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Class 3
September 24 |
Case Analysis: TJX vs Nordstrom
Group exercise: Pick two or more firms and analyze their volume/margin strategies with respect to their Dupont ratios
Slides |
Group Assignment of Dupont Analysis due
Read Profit Leveraging (from Blackboard)
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Class 4
October 1 |
Capital Structure and Stockholder Incentives
Slides |
Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)
Dupont Analysis of Firms assignment due
Ideas for Term Project -- one page write up due
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Class 5
October 8 |
Capital Structure and Product Quality
Capital Structure and Hiring Policy
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Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001) |
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Class 6
October 15 |
Capital Structure and Pricing Decisions
Capital Structure and Bargaining
Slides |
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)
Short-Sighted Investment Problem Due |
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Class 7
October 22 |
Talk by Prof. Kostakopoulos
Capital Structure and Competitive Strategy
Capital Structure and Location Decisions
Slides
Review for Midterm
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"Caterpillar Workers Ratify Deal They Dislike," New York Times, Aug. 18, 2012. (In Media Articles) |
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Class 8
October 29 |
Midterm
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Class 9
November 5 |
Capital Structure and Competitive Strategy
Slides
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Class 10
November 12 |
Group Presentation
Talk by Aleksey Matiychenko, Risk Manager at Risk-AI LLC
Risk Management -- Introduction and Tools
Slides |
Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11
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Class 11
November 19 |
Talk by Prof. 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) |
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Class 12
November 26 |
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 3 |
Risk Management: Case
Group Presentations
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Risk Management at Apache, HBS case 9-201-113; write-up due by midnight by email. |
Class 14
December 10 |
Final Exam |
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