GBUS 8423 CORPORATE FINANCIAL POLICIES

 

 

This course adopts the perspective of a CFO of a publicly held corporation as the strategic partner to the CEO with an emphasis on the role of financial analysis in creating corporate value. It draws heavily from analytical techniques provided in Financial Management and Policies and Valuation in Financial Markets courses and extends the concepts introduced in those courses to examine key policy challenges that confront public corporations. The course consists of four modules. Short-Term Financing and Working Capital Management and Capital Structure Policy address topics ranging from forecasting short-term financial needs to assessing the impact of alternative capital structures upon the implementation of corporate strategy. The final two modules, Mergers and Acquisitions and Restructuring and Bankruptcy, examine the role of financial analysis in effecting value-enhancing corporate transitions. Topics addressed range from the identification and quantification of merger synergies to the key strategic and procedural aspects of U.S. bankruptcy filings. Each case adopts a strictly managerial perspective, utilizing advanced techniques only as they prove necessary to solve specific managerial problems.

 

Academic course objectives:

 

·         Provide students with a basic understanding of the core financial challenges facing publicly held corporations

·         Familiarize students with the relevant theoretical and empirical findings from the corporate finance literature

·          Provide students with additional experience and expertise in applying core financial theory to common managerial challenges

·         Broaden students’ finance vocabulary and foster an appreciation for the role of financial analysis in guiding decisions taken throughout corporate organizations

 

Elements of the course grade:

 

Class contribution                   40%

Final examination                    60%