Teaching

Recent Classes Taught

FIN 821 Business Investment and Valuation
This course explores how businesses evaluate investment opportunities and deploy capital to enhance firm value. Principal objectives include identification of incremental cash flows and growth options generated by business investment, application of discounted cash flow techniques to evaluate investment opportunities and firms, understanding of alternative valuation techniques and their use in the analysis of real options, understanding interactions between a firm's financing structure and its investment policies, and identification of managerial incentives and how a firm's governance structure affects investment policy and firm valuation. Topics include incremental cash flow identification, discounted cash flow techniques, real options analysis, leverage, cost of capital, corporate governance.

FIN 468 Corporate Financial Policy
The course has three primary objectives. First, students will review basic valuation methods, including instruction on the location of relevant resources. Some advanced valuation techniques will be examined, e.g., APV, multiples and capital cash flow. Finally, students will work to apply these techniques to particular corporate financial decisions.

FIN 735 International Finance
The economic determinants of exchange rates are discussed. This is followed by an examination of the financing problems faced by the multinational corporation and the international portfolio manager, arising from the international nature of their environment. Topics can include split, forward, futures, and options markets in foreign currency, international risk management, purchasing power parity, interest rate parity, covered interest arbitrage, and contemporary issues in international financial management.

FIN 745 Business Investment
The focus of this course is on the evaluation of fixed asset investment opportunities. Important topics are: cash flow analysis, estimation of required rates of return, risk analysis, and long-term investment analysis.

FIN 746 Business Financing
The focus of this course is on the theory and practice of how businesses raise funds. Important topics are: long-term capital markets and sources of long-term financing, optimal capital structure, dividend policy, and a variety of long-term financing problems. .