Class Meeting Days |
Topics |
Projects, Deadlines, Resources |
Week 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
Video on Porter Analysis and Resource-Based View |
Week 2
September 17 |
Introduction to Dupont Analysis (Slides)
How Marketing Strategy can be improved/monitored through Dupont Analysis
Implementation of Dupont Strategies (Slides) |
Porter Model Assignment due |
Week 3
September 24 |
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 |
Week 4
October 1 |
No In-Class Meeting |
Optional Assignment for Dupont Analysis due September 30 |
Week 5
October 8 |
Capital Structure and Stockholder Incentives (Slides)
|
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001) |
Week 6
October 15 |
No in-class meeting;
Corporate Governance (Slides)
Listen to the podcast, "https://www.capitalisnt.com/show-notes/" "Stakeholders versus Shareholders" (Episode 47) |
“Now The 'Stakeholders' Want a Raise; Treating non-owners like owners could be expensive for shareholders” WSJ Aug 26, 2019
Groups meet with me
Capital Structure and Stockholder Incentives Assignment Due |
Week 7
October 22 |
No in-class meeting |
Groups meet with me
Corporate Governance Assignment Due |
Week 8
October 29 |
Capital Structure and Competition (Slides)
Review for Test 1 |
Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)
Groups meet individually with me |
Week 9
November 5 |
Capital Structure and Competitive Strategy(Slides)
Test 1 (take-home)
|
"Coca-Cola Hellenic: Workers Pay, Shareholders Profit From Crisis," Industrial Worker; Philadelphia 1 Nov 2009. (In Media Articles)
Test 1 due November 7 |
Week 10
November 12 |
Capital Structure and Operating Strategy (Slides) |
|
Week 11
November 19 |
Group Presentation
Risk Management -- Introduction and Tools (Slides) |
Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11 |
Week 12
November 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
December 3 |
Risk Management and the Firm
Hedging and Reduction of Financial Distress Costs
Financial Flexibility and Operational Flexibility (Slides)
Group Presentations |
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. |
Week 14
December 10 |
Risk Management: Case
Group Presentations
Test 2 |
Risk Management at Apache, HBS case 9-201-113; write-up due by midnight by email. |
