Class Meeting Days |
Topics |
Projects, Deadlines, Resources |
Week 1
January 27 |
Module 1: 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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Week 2
February 3 |
Module 2: ntroduction to Dupont Analysis (Slides)
How Marketing Strategy can be improved/monitored through Dupont Analysis |
Porter Model Assignment due |
Week 3
February 10 |
Module 2: Implementation of Dupont Strategies (Slides) |
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Week 4
February 17 |
Module 2: Implementation of Dupont Strategies (Slides) |
Quiz of Financial Statements (Sections 2.2-2.6) due February 15th midnight |
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Module 2A: Determination of Capital Structure (material from MBA 808) |
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Week 5
February 24 |
Module 3: Capital Structure and Stockholder Incentives (Slides) |
Dupont Analysis Assignment due |
Week 6
March 3 |
Module 3: Capital Structure and Stockholder Incentives (Slides)Review for Midterm |
Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)
Assignment on Credit Rationing due March 4
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Week 7
March 10 |
Midterm |
Assignment on Myopia due on March 11 |
Week 8
March 17 |
Module 5: Capital Structure and Competition (Slides) |
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Week 9
March 24 |
Module 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
March 31 |
Module 5: Capital Structure and Operating Strategy (Slides) |
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Week 11
April 7 |
Module 6: Risk Management -- Introduction and Tools (Slides)
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Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11 |
Week 12
April 14 |
Module 6: 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
April 21 |
Module 6: Risk Management and the Firm
Hedging and Reduction of Financial Distress Costs
Financial Flexibility and Operational Flexibility (Slides)
Group Presentations 1
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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
April 28 |
Group Presentation 2
Group Presentations 3 |
Risk Management at Apache, HBS case 201113; write-up due by midnight. |
April 29th |
Final Exam
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Due May 1st |
