Corporate Finance. Module 3, Winter 2005
Syllabus: in English and in Russian
Lecture
notes: lectures 1-2, 5 (Black-Scholes approach to valuation of real options
and equity)
Lecture slides: 1 2
3 4-5 6 7 8 9 10 11 12
13
Questions to be discussed a the guest lecture
Quiz
questions discussed during the lectures
List of concepts required for the exam
Seminar 1: problems and solutions
Seminar 2: problems and solutions, real option case on the excess capacity
(description and Excel file with simulations)
Seminar 3: problems and solutions
Seminar 4: problems and solutions
Seminar 5: problems and solutions
Seminar 6: problems and solutions
Home assignments: HA1 and data, HA2 and solution of
2.2, HA3 with data
and solution of 3.1, HA4
Supplementary materials
Black-Scholes
approach to real option valuation: problems and solutions (by A. Damodaran)
Use of real options in the oil
industry, with the stress on the Monte-Carlo analysis (by M. Dias)
Comparative
cross-country tables on the cost of capital
Conditions on the
equivalence of the APV, FTE, and WACC approaches
Roell, 1996, The decision to
go public: An overview, European Economic Review 40, 1071-1081.
Standard&Poors, Инфраструктура
корпоративного управления в России, 2004.
Last-year materials
Lecture slides (handouts): 1 2 3 4 5 6 7 8 9 10
11 12 13
Full versions of the lecture
slides: 4 5 6 7 9 11 12 13
Mid-term
exam with solutions
Final
exam with solutions
Useful links
Aswath
Damodaran (Stern School of Business) on Corporate finance: lecture notes, slides,
cases, problems and solutions
Resources for “Modern Corporate Finance”
by Shapiro and Balbirer: slides, cases, and problems (you need to register)
Lecture
notes by RAI