BUS 3303 Finance Course review Ale Previtero AGENDA 1. Overview of valuation cases 2. WACC • Cost of equity‚ choosing beta‚ choosing weights‚ when to use premium. 3. Valuation using Discounted Cash Flow (DCF) • Key assumptions‚ Terminal Value‚ sensitivity 4. Valuation using multiples • Key points‚ pros & cons‚ choosing comparable firms • Which multiple? Which year? Example. 5. Financing an Acquisition • Determine price. Financing. Making a decision. 6. Final exam
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Course Syllabus Modern Finance I and II Modern Finance I Professor Adel Turki‚ Cornerstone E-mail: turki@cornerstone.com Modern Finance II Professor Gordon M. Phillips‚ University of Southern California E-mail: gordon.phillips@marshall.usc.edu Web: http://www.marshall.usc.edu/faculty/directory/gordonphillips Biography: Adel Turki is a senior vice president of Cornerstone Research in Washington D.C. He received his Ph.D. from Stanford University. Dr. Turki heads the firm’s securities practice and
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Corp Finance Notes Chapter 1: * The purpose of business? * Creative act * Process to create products that benefit people… a good good? * Improving the living situations * The purpose of Corp finance skills? * Key concepts and skills * Understand the purpose of business form a Christian point of view: * Purpose of business: a disciplined set of processes- supported by facilities‚ equipment and supplies‚ for harnessing‚ unleashing and organizing our
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Introduction to the Finance Company Project Your team is required to analyze the future business and economic prospects of a major‚ publicly traded corporation using financial concepts and techniques as well as the concepts and techniques from other business areas. Make sure any statements you make in your analysis are consistent with the knowledge base of finance. Also please include your calculations (including spreadsheets)‚ data sources (be specific‚ including date and page number(s))‚ and
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working capital policy and the performance assessment financial ratios and to determine their relationship with organization performance. The target respondents were the finance executives/financial analysts of the companies. 64 properly filled questionnaires were processed for analysis. This study concludes that the finance executives consider that the proper practices of working capital and financial ratios are very important for the growth and performance of the organization. This research
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APPLIED CORPORATE FINANCE A MO RG A N S TA N L E Y P U B L I C AT I O N In This Issue: Honoring Michael Jensen Baylor University Roundtable on the Corporate Mission‚ CEO Pay‚ and improving the Dialogue with investors 8 Panelists: Michael Jensen‚ Harvard Business School; Ron Naples‚ Quaker Chemical Corporation; Trevor Harris‚ Columbia University; and Don Chew‚ Morgan Stanley. Moderated by John Martin‚ Baylor University. Value Maximization‚ Stakeholder theory‚ and the Corporate Objective
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Determinants of Corporate Cash Holdings C. Hobma‚ S. Labitzke‚ M. Munsterhuis‚ L. Zwols March 24‚ 2011 This paper examines what determinants explain corporate cash holdings of 1078 US rms listed on the New York Stock Exchange (NYSE) for the period January 1990 till December 2007. Using regression analysis with panel data we show that our ndings are in line with previous literature. Consistent with the trade o theory‚ we found a signi cant positive relationship between rms’ investment opportunities
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a. Why is corporate finance important to all managers? Answer: Corporate finance provides the skills managers need to: (1) identify and select the corporate strategies and individual projects that add value to their firm; and (2) forecast the funding requirements of their company‚ and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form
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The American regulatory model of corporate governance rests on the theory of self regulation as the most efficient means to achieve corporate self-control in the marketplace. However‚ that model fails to achieve regular compliance with baseline ethical and legal behaviours as evidenced by a century of repeated corporate debacles‚ the most recent being Lehman’s Brothers. Lehman’s Brothers Holdings Inc was a global financial services firm who provided services like investment banking‚ equity and fixed
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True / False Questions 1. The liability of sole proprietors is limited to the amount of their investment in the company. FALSE AACSB: Communication Abilities Bloom’s: Knowledge Difficulty: Easy Learning Objective: 1-3 2. General partners have limited personal liability for business debts in a limited partnership. FALSE AACSB: Communication Abilities Bloom’s: Knowledge Difficulty: Medium Learning Objective: 1-3 3. The separation of ownership and management is one
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