Class Meeting Days |
Topics |
Projects, Deadlines, Resources
|
Class 1
September 11
|
No In-Class Meeting
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
Video on Porter Analysis and Resource-Based View |
Class 2
September 18 |
Introduction to Dupont Analysis (Slides)
How Marketing Strategy can be improved/monitored through Dupont Analysis
Implementation of Dupont Strategies (Slides) |
Porter Model Assignment due |
Class 3
September 25 |
No In-Class Meeting
Corporate Governance (Slides) |
Dupont Assignment Due |
Class 4
October 2 |
No In-Class Meeting |
Corporate Governance Assignment Due |
Class 5
October 9 |
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 6
October 16 |
Capital Structure and Stockholder Incentives |
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001) |
Class 7
October 23 |
Capital Structure and Competition (Slides) |
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)
Short-Sighted Investment Problem Due |
Class 8
October 30 |
Capital Structure and Competitive Strategy(Slides)
Review for Test 1 |
"Caterpillar Workers Ratify Deal They Dislike," New York Times, Aug. 18, 2012. (In Media Articles) |
Class 9
November 6 |
Test 1 (take-home)
Capital Structure and Operating Strategy (Slides) |
|
Class 10
November 13 |
Risk Management -- Introduction and Tools (Slides) |
Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11 |
Class 11
November 20 |
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 27 |
Hedging and Improved Planning for Future Capital Needs
Hedging and Improved Management Compensation Design (Slides)
Group Presentation: Credit Policy and Marketing Decisions
|
Chapter 21: Risk Management and Corporate Strategy in Grinblatt and Titman (2001) |
Class 13
December 4 |
Risk Management and the Firm
Hedging and Reduction of Financial Distress Costs
Financial Flexibility and Operational Flexibility (Slides)
Group Presentation: Leverage and Advertising |
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 14
December 11 |
Risk Management: Case
Group Presentations: Leverage and R&D
Test 2
|
Risk Management at Apache, HBS case 9-201-113; write-up due by midnight by email. |
