Modern Methods in Corporate Finance
Dates: May 13-15, 2013 / November 4-6, 2013
Location: NYU Stern, 44 W. 4th Street, New York, NY 10012
Tuition: $4,200 (accommodation not included)
Program Description: All business decisions, no matter the industry or area, have financial implications. Modern Methods in Corporate Finance provides participants with a toolkit to make optimal investment and financing decisions. These methods can be used in any area of a business, be it in production, marketing, strategy, or finance. They also apply to any type of firm, small and large, public and private, global and domestic.
Suppose you must decide whether to go ahead with a “project.” This project could be, for example, whether to build a new production facility, launch a new product, expand R&D, or acquire another company. The objective of this program is to provide a rigorous analytical framework that can be applied to any of these decisions, despite the fact that the projects are fundamentally different in nature.
This program will cover how the choice of financing can affect the decision to go ahead with a project, including discounted cash flow analysis, the popular (yet troublesome) Internal Rate of Return (IRR) rule, valuation of projects with embedded real options, computation of incremental cash flows, computation of a project’s cost of capital, and an analysis of the costs and benefits of debt financing.
While the curriculum will meet the highest academic standards, emphasis will be placed on teaching all methods in a way so they can be applied in the workplace. To this end, easy-to-understand numerical examples will be used to practice each of the methods taught in the program.
Who Should Attend: Middle, upper middle, and senior level executives involved in business decisions that have financial implications.
During this program participants will:
-Learn how to make investment decisions using net present value (NPV) analysis
-Develop the tools to compute incremental cash flows and the cost of capital
-Value projects with embedded real options
-Analyze the implications of the financing choice for project valuation
-Understand the shortcomings of the Internal Rate of Return (IRR) rule
This course is eligible for Continuing Professional Education Credits (CPE). Please contact the NYU Stern Executive Education office for more information.
- Holger M. Mueller, Bank and Financial Analysts Faculty Fellow and Professor of Finance