The Baltic Countries

Workshop on

Corporate Financing and Risk Management

Sponsored by the Nordic Investment Bank

Prof. Ian Giddy
New York University, Stern School of Business
Tel +1 212-998-0332; Fax +1 212-995-4233
E-mail: Web:
Seminar Web site:

This one-day workshop offers an overview of financing and risk management choices from the perspective of the corporate financial manager in a developing capital market. The goal is to develop guidelines for each company to help decide what kind of financing and hedging is suitable for what kind of business. To avoid problems such as those that have struck companies and their bankers in Asia, we must analyze the true economic exposure of clients of the regional development banks. This will be achieved by starting with the key decisions - investment, financing and risk management - that contribute to corporate value. The investment side will includes evaluation of capital investment projects under risk, and mergers and acquisitions. The financing side comprises decisions about capital structure - how much debt, relative to equity, is optimal for a particular firm - as well as decisions about what kind of debt, and what kind of equity, is right for the firm. Both investment and financing decisions are tied to financial risk management, including the choice of hedging instruments, so the workshop will offer guidelines for the measurement and management of interest rate and currency risk. Using real-world case studies, the course will introduce the key principles of selecting financing techniques that help keep financial risk under control.

Prof. Ian Giddy lectures on finance at New york University's Stern School of Business. He is a graduate of the University of Michigan (MBA 1972, PhD 1974) and the University of the Witwatersrand (BSc 1970). He has taught finance at NYU, Columbia, Wharton, Chicago and abroad for the past twenty-two years. He was Director of International Fixed Income Research at Drexel Burnham Lambert from 1986 to 1989. He is the author or co-author of numerous articles and books, including The Handbook of International Finance, The International Money Market, Cases in International Finance, Global Financial Markets, Asset Securitization in Asia and The Hudson River Watertrail Guide.

Outline of Workshop Topics

Corporate Finance: Creating Value
Evaluating Investments and the Cost of Capital
Principles of Corporate Financing
Designing Debt
Corporate Financial Risk Management
IBM Case
Royal Ahold Case

Go to Giddy's Web Portal • Contact Ian Giddy at