Finance and Business Economics 432

Finance and Business Economics 532

Corporate Financial Strategy

Course Materials Old Undergraduate Examinations

Syllabus/Course Outline Practice Midterm March 2 MIDTERM Due March 9

Data Sources 2001 Midterm (with answers)

Acrobat Reader 2002 Midterm (with answers)

Lecture Schedule and Materials

Jump to Week 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15

Class Dates	Topic	Review Readings	Handouts/Materials
OVERVIEW
Week 1: January 12	Finance theories, case analysis, valuation techniques Practice Case: The Union Carbide Deal (Abridged) (HBS 9-897-201) (NO WRITE-UP)	RWJ, Chpt. 5 & 17	Week 1 Objectives Week 1 Slides Week 1 Handouts
Module I: INVESTMENT BANKING AND VALUATION
Week2 : January 19	Capital structure and valuation Case I: Eskimo Pie (HBS 9-293-084)**	RWJ, Chpts. 15 and 16	Week 2 Objectives Week 2 Slides Eskimo Case Data
Week 3: January 26	Mergers and Acquisitions Case II: Continental Carriers (HBS 9-291-080)**	RWJ, Chpt. 29	Week 3 Objectives Week 3 Slides Continental Carriers Case Data
Week 4: February 2	Venture Capital and Leveraged Buyouts (LBOs) Case III: The Hostile Bid for Red October (HBS 9-291-008)*	RWJ, Chpt. 19	Week 4 Objectives Week 4 Slides Red October Case Data
Module II: VENTURE CAPITAL FINANCING
Week 5 February 9	Options and Convertible Securities CASE IV: The John Case Co.(HBS 9-291-008)*	RWJ, Chpts. 22 to 24	Week 5 Objectives Week 5 Slides CaseCaseData
Week 6: February 16	Techniques for Risk Management Case V: Term Sheet Negotiations for Trendsetter Inc (HBS 9-801-358)*	RWJ, Chpt. 25	Week 6 Objectives Week 6 Slides Option.XLS
Module III: CORPORATE FINANCIAL MANAGEMENT: RISK
Week 7: February 23	Lecture: Techniques for risk management	Note on Duration and Convexity (HBS 9-205-025) Interest Rate Derivatives (HBS 9-294-095)	Week 7 Objectives Week 7 Slides Problem Set

Week 8: March 2	Real Investments and Corporate Strategy Case VI: Union Carbide Corporation Interest Rate Risk Management (HBS 9-294-057)*	RWJ, Chpts. 6 to 8 and Chapter 21 with appendix	Week 8 Objectives Week 8 Slides UCCCaseData Duration Calculator
Week 9: March 9	MIDTERM TAKE-HOME EXAMINATION DUE (DISTRIBUTED MARCH 2) Take-Home Midterm due March 9
	*SPRING BREAK*
Module IV: CORPORATE FINANCIAL MANAGEMENT: STRATEGY
Week 10: March 23 (Rescheduled to March 30)	Business and financial strategy Case VII: Financing PPL Corporation’s Growth Strategy (HBS9-202-045)*	RWJ, Chpts. 2 & 3	Week 10 Objectives Week 10 Slides PPLCaseData

Week 11: March 30 (Rescheduled to April 4)	Dividend Strategy Case VIII: Clarkson Lumber (HBS 9-297-028)**	RWJ, Chpt. 18	Week 11&12 Objectives Week 11&12 Slides Clarkson Case Data SustGrowthModel
Week 12: April 6	International Sources of Capital Case IX: Avon Products (HBS 9-289-049)*	RWJ, Chpt. 31	Avon Case Data
Module V: INTERNATIONAL CAPITAL MARKETS
Week 13: April 13	Issues in corporate governance Case X: Genset Initial Public Offering (HBS 9-297-096)*	RWJ, Chpts. 1, 14, 20	Week 13 Objectives Week 13 Slides Genset Case Data
Module VI: CORPORATE GOVERNANCE
Week 14: April 20	Market Value Added and Value Creation Case XI: Circon (A) (HBS 9-801-403)**	Understanding EVA Stern-Stewart Tables	Week 14 Objectives Week 14 Slides Circon Case Data
Module VII: VALUE-BASED MANAGEMENT
Week 15: April 27	Course Summary and Review Case XII: Vyaderm Pharmaceuticals (HBS 9-101-019) (NO WRITE-UP)	Peer Evaluation	Class 15 Objectives Class 15 Slides
May 4	FINAL EXAMINATION (COMPREHENSIVE) 7:00 to 9:00pm