Corporate Finance
This web site is designed to provide supporting material for corporate finance related topics. Corporate finance, as I define it, covers every decision a firm makes that may affect its finances. Consequently, I divide my discussion of corporate finance into five areas. The first is the objective function, where we define what exactly the objective in decision making should be. The second is the investment decision, where we look at how a business should allocate of resources across competing uses. The third is the financing decision, where we examine the sources of financing and whether there is an optimal mix of financing. The fourth is the dividend decision, which relates to how much a business should reinvest back into operations and how much should be returned to the owners. Finally, there is valuation, where all of the decisions made by a firm are traced through to a final value. You can navigate this site in many different ways.
You can start off with a big picture
view of corporate finance, and click your way through the topics.
There are several ways in which you can get the material on corporate
finance.
1. Books:
If you are using one of my two corporate finance books, you can
go to the sites that support these books. You can also get supporting
material for these books on these sites.
2. Classes
I teach a corporate finance class spread over 27 sessions. You can visit
the site for the class. You will find the lecture notes used in
the class and watch the webcasts of the lectures.
Corporate Finance Class at Stern School of Business
3. Topic
You can also pick a topic to browse through material available
on the topic. The overheads and solutions to the problems are stored
in pdf format, and you need Adobe Acrobat to read pdf files. (You can download
Acrobat Reader directly from the Adobe site at http://www.adobe.com)
The spreadsheets are in Microsoft Excel format, and can be used on either
a Mac or Windows system.
