Web Casts: Executive Corporate Finance - January 2015

This six session corporate finance class was taped in January 2013. You can get the supporting lecture notes by clicking on the pdf files below - the pages covered by each lecture are provided next to each lecture. The quality of the video and audio leaves much to be desired but it will get better over time. For the syllabus and other details, visit the home page for the class. This page will include the webcasts from the current class and clicking on the link below will allow you to print off the lecture notes that are used for this class.
Lecture notes for these sessions
Project Workbook (used extensively through the sessions)

Session (Click here) Topics covered Lecture notes

Session 1a
Webcast, streamed (need a good internet connection)

 

Corporate Finance: First Principles
The Objective in Corporate Finance
The Classical Objective Function
Lecture note packet: 1 -7

Session 1b
Webcast, streamed (need a good internet connection)

 

What can go wrong?
Conflict of interest
Corporate Governance
Assessing where the power lies

Lecture note packet: 8-22

Session 2a
Webcast, streamed (need a good internet connection)

Defining Risk
Risk and return models in finance
The CAPM
Getting the risk free rate
Lecture note packet: 23-38

Session 2b
Webcast, streamed (need a good internet connection)

Equity Risk Premiums
The Beta Regression: Alpha

Lectue note packet: 39-62
Quiz 1
Take the quiz and check the solution  

Session 3a
Webcast, streamed (need a good internet connection)

The Beta Regression: Beta
The Beta Regression: R-squared
A service beta estimate (Bloomberg)

Lecture note packet: 62-71

Session 3b
Webcast, streamed (need a good internet connection)

Determinants of betas
Bottom up Betas
Lecture note packet: 72-88

Session 4a
Webcast, streamed (need a good internet connection)

More on bottom up betas
Estimating betas for private businesses
Lecture note packet: 89-100

Session 4b
Webcast, streamed (need a good internet connection)

From beta to cost of equity
Debt and the cost of debt
Cost of capital
First steps in measuring investment returns
Lecture note packet: 101-125

Session 5a
Webcast, streamed (need a good internet connection)

From earnings to cash flows
From cash flows to incremental cash flows
Time weighting cash flows
Currency invariance
Lecture note packet: 126-148
Session 5b
Webcast, streamed (need a good internet connection)

Uncertainty in investment analysis
Side costs/benefits in investment analysis
Debt versus Equity: The difference & trade off
Cost of capital approach

Lecture note packet: 149-179
Session 6a
Webcast, streamed (need a good internet connection)
Optimizing the debt mix
From actual to optimal: Finding a path
The right debt for your company
Lecture note packet: 180-221
Session 6b
Webcast, streamed (need a good internet connection)
More on the right debt
Facts about dividends
Assessing actual versus potential dividends
Lecture note packet: 222-253
Add on session
Video podcast (downloadable)
Finishing the dividend policy assessment Lecture note packet: 254-268
Add on session
Valuation and Corporate Finance
The determinants of value
Connecting value to corporate finance
Lecture note packet: 269-289