|Course ID||Drop/ Add Call #||Title||Faculty||Cr||Day/Time|
|Altman||1.5||MW 10:30-11:50 (1/26-3/10)|
|L03.0035||56204||Equity Markets Trading & Structure||Hasbrouck
|L03.0036||56212||Foundations of Entrepreneurship||Robinson||3.0||TR 10:30-11:50|
|L03.0002||56203||Investment Banking||Froewiss||3.0||R 6:00-9:00|
|L03.0004||56201||Mergers and Acquisitions||Amihud||1.5||MW 10:30-11:50 (3/29-5/3)|
|L03.0034||56200||New Venture Financing||Ljungvist||3.0||TR 10:30-11:50|
|L03.0009||56213||Topics in Corporate Finance: Project & Structured Finance||Gold||1.5||M 9:00-10:20|
B40.3198 Bankruptcy and Reorganization - Altman
Prerequisite: B01.2316 or L03.3020 & B40.2302.
Practical and theoretical implications of bankruptcy and distressed restructuring. Focus is primarily on corporate form organizations ranging from banks to retail firms to manufacturers. Topics include valuation effects of bankruptcy; workout strategies; the bankruptcy-reorganization process from the viewpoint of different participants; the implications of bankruptcy for banks, workers, and state and national industrial policy.
B40.3349 Equity Markets Trading & Structure - Hasbrouck
This course focuses on how things are traded. It is mostly about securities trading, but the underlying principles are applicable to nonfinancial commodities and services. The course tries to address the following questions: When you're a trader in a bargaining situation, auction or continuous security market, what are your best strategies? If you're the person in charge of designing or regulating the market, what sort of mechanism and rules should you adopt? How do real-world security markets work?
B65.3335 Foundations of Entrepreneurship - Robinson
Prerequisites: B09.2301 and B09.2111 or equivalent.
This course offers a framework for understanding the entrepreneurial process and exposes the student to most problems and issues faced by entrepreneurs who start new businesses. Case study is the principal teaching method, supplemented by lectures, a business planning exercise, and guest speakers. Major objectives are for students to learn how to identify and evaluate market opportunities; develop a business concept and marketing plan; assess and obtain the required resources; and manage the growth of a new venture. It is recommended that students have taken or are currently taking an introductory course in marketing.
B40.2334 Investment Banking - Froewiss
Prerequisite: B01.2316 or L03.3020.
A broad overview of the role of investment banking in modern societies. What functions are performed; how are these tasks carried out in competitive and noncompetitive environments? Concepts such as origination, syndication, distribution of security issues. Pricing of new issues and the management of issues in the after markets. The role of investment bankers in restructuring industry, financing governments, and facilitating saving and investment. Ethical issues investment bankers must face are considered.
B40.3196 Mergers and Acquisitions - Amihud
Prerequisite: B01.2316 or L03.3020.
Examines selected topics in mergers and acquisitions from the viewpoint of finance. Basic theory and empirical findings form the base for discussing such issues as merger strategy; defensive measures in merger; the valuation of firms as a whole under differing management strategies; impact of financing considerations on various stakeholders.
B40.3373 New Venture Financing - Ljungvist
This course focuses on financing entrepreneurial companies, especially start-up and early-stage ventures. The overall aim of the course is to understand how entrepreneurs and their financial backers can spot and create value. This involves learning about the following topics which trace out the 'venture capital cycle': opportunity recognition, valuation and evaluation, negotiating funding, structuring the financing contract, managing the investment and exit. Nev Venture Financing is explored through a number of different perspectives: The entrepreneur's, the venture capitalist's, that of the investors backing the VC, and the stock-market investors at the IPO.
B40.3160 Topics in Corporate Finance: Project and Structured Finance - Gold
Prerequisite: B01.2311 or L03.3020.
The primary objective of this course is to provide the student with a basic understanding of (i) the segmentation of the various debt markets (public/"quasi-public", "traditional" private placement, bank loan, bi/multi-lateral and export credit agency) into three broad categories, sovereign finance, corporate finance and structured finance, with an emphasis on the latter (including "non-traditional" asset backed, structured corporate finance/leasing, securitization and non-recourse/project finance), (ii) the financial tools and structures available for corporate sponsors, government and private sector entities to finance the development, construction and operation of discrete projects, particularly in the infrastructure sector (power, energy, transportation, telecommunications and environmental) and its result on overall sovereign and corporate financing capacity, (iii) the role that structured finance can play for issuers/sponsors to meet various balance-sheet, tax, accounting, rating or other risk management benefits, and (iv) the fragmentation of debt investors into "buy and hold" (generally active, "hands-on" investors) and "total rate of return" buyers (general "trader" types, looking for both current coupon/yield and realization of capital appreciation).