Advanced corporate finance case analysis

Advanced corporate finance pdf

One goal for participants is to develop a check list or rapid overview of the key criteria in a structured finance deal, to consider when analysing a proposal, so as to grasp the main strengths and risks of each structure after an initial rapid analysis. The advanced seminar will make extensive use of case studies most of which will be constructed by student participants during the semester based on the firms they have chosen for valuation analysis. Treasury and has been a consultant with numerous corporations and financial institutions in the U. Materials Participants will be provided with a package of materials useful to the structuring and analysis of corporate financing and restructuring techniques, including pertinent articles, rating agency reports and sample spreadsheets from actual deals done in Europe and elsewhere. Behavioral finance, which was only mentioned in , will be discussed in detail in the advanced course and students will have an opportunity to explore selected topics in behavioral finance in detail such as noise trader risk, market overreaction, forward discount bias, and the hubris hypothesis of corporate takeovers. Learn or update fundamental corporate finance skillsIdentify the key value drivers as well as the vulnerabilities of a business Master methods to calculate the cost of capital Apply corporate valuation models, including asset-based, comparables and cash flow methods Improve any company's value by reassessing the optimal capital structure Measure and manage financial risks using derivatives and financing techniques Understand the use of credit derivatives to manage credit risk Apply advanced financing techniques, including securitization, leveraged and mezzanine finance Be able to identify appropriate valuation techniques for unusual situations such as distress, synergistic mergers, and going private Apply the principles of corporate finance in both developing and developed markets Outline of Workshop. For more resources see the instructor's website, giddy. The Workshop This workshop will be taught around five major topics employing in-depth group work on case studies, financial analysis and deal structuring. In addition to the above valuation analyses, in keeping with departmental requirements for seminars, students are expected to complete a semester paper on behavioral finance, agency, innovation, or some other aspect of finance not covered in detail in the intro class that demonstrates their understanding of relevant literature and a willingness to "think outside the box. The author of more than fifty articles on international finance, he has served at the International Monetary Fund and the U. Running through the key computations and numbers of corporate finance, we discover the assumptions behind common models and ratios used in valuation of a company, in mergers and and other forms of corporate financial restructuring. The case studies will allow students to come as close as possible, within the context of a classroom, to the experience of real world decision makers in corporations and investment banks, to recognize the uncertainty and ambiguity that is present in every such decision, and to strengthen skills at group brainstorming.

The advanced seminar will make extensive use of case studies most of which will be constructed by student participants during the semester based on the firms they have chosen for valuation analysis.

For more resources see the instructor's website, giddy. Behavioral finance, which was only mentioned inwill be discussed in detail in the advanced course and students will have an opportunity to explore selected topics in behavioral finance in detail such as noise trader risk, market overreaction, forward discount bias, and the hubris hypothesis of corporate takeovers.

Running through the key computations and numbers of corporate finance, we discover the assumptions behind common models and ratios used in valuation of a company, in mergers and and other forms of corporate financial restructuring. Expect to hear statements that are blasphemous, from the standpoint of economic orthodoxy: the notion that markets are machine like manifestations of rational robotic agents with godlike powers of foresight and superhuman judgement will be challenged with appropriate evidence from the real world. Who Should Attend? Treasury and has been a consultant with numerous corporations and financial institutions in the U. The focus will be on identifying situations that call for nonstandard corporate finance solutions, the valuation of businesses, and the design and pricing of the appropriate financing instruments. Some of the topics will be familiar from that earlier course, such as modern portfolio theory, efficient market theory, the Modigliani-Miller propositions, and the capital asset pricing model, all of which will be further elaborated in the seminar. Materials Participants will be provided with a package of materials useful to the structuring and analysis of corporate financing and restructuring techniques, including pertinent articles, rating agency reports and sample spreadsheets from actual deals done in Europe and elsewhere.

The Workshop This workshop will be taught around five major topics employing in-depth group work on case studies, financial analysis and deal structuring. In addition to the above valuation analyses, in keeping with departmental requirements for seminars, students are expected to complete a semester paper on behavioral finance, agency, innovation, or some other aspect of finance not covered in detail in the intro class that demonstrates their understanding of relevant literature and a willingness to "think outside the box.

Who Should Attend? We apply this to several case studies, revealing also how an acquisition, divestiture or restructuring can alter the value of a company -- for better or for worse. Materials Participants will be provided with a package of materials useful to the structuring and analysis of corporate financing and restructuring techniques, including pertinent articles, rating agency reports and sample spreadsheets from actual deals done in Europe and elsewhere.

advanced corporate finance textbook

Learn or update fundamental corporate finance skillsIdentify the key value drivers as well as the vulnerabilities of a business Master methods to calculate the cost of capital Apply corporate valuation models, including asset-based, comparables and cash flow methods Improve any company's value by reassessing the optimal capital structure Measure and manage financial risks using derivatives and financing techniques Understand the use of credit derivatives to manage credit risk Apply advanced financing techniques, including securitization, leveraged and mezzanine finance Be able to identify appropriate valuation techniques for unusual situations such as distress, synergistic mergers, and going private Apply the principles of corporate finance in both developing and developed markets Outline of Workshop.

The case studies will allow students to come as close as possible, within the context of a classroom, to the experience of real world decision makers in corporations and investment banks, to recognize the uncertainty and ambiguity that is present in every such decision, and to strengthen skills at group brainstorming.

Advanced Corporate Finance involves the application of analytical methods, restructuring techniques and financing instruments to increase the value of a company.

advanced corporate finance lecture notes

The basic course provided students with the skills necessary to performing valuation of firmssecurities, and other assets.

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Advanced Corporate FinanceSyllabus, Data Sources, Case Studies