The purpose of this case is to illustrate the numerous financial accounting and reporting issues associated with the issuance of corporate bonds at less than face value. The case requires students to calculate the effective semiannual interest rate and to prepare a bond amortization schedule. It...

Students are presented with the balance sheet and the statements of stockholders' equity from Dell Inc.'s 2004 Annual Report and are asked to respond to several questions regarding information in the materials. Questions center around common shares authorized, issued, and outstanding; treasury...

We use a survey approach to learn about valuation professionals' choices and implementations of valuation techniques in practice. The survey design allows us to control for a respondent's professional subgroup (e.g., consulting), education, experience, and valuation purpose characteristics. We...

This paper illustrates how simulation modeling can be employed to support the R&D decision of a pharmaceutical firm. We do this in the context of a simplified but realistic example, where a drug company has just successfully completed the second phase of a three-phase process for assessing the...

In this paper we discuss the continued transition of financial markets towards trade standardization and the clearing of transactions, outlining the role of central clearing counterparties CCPs in reducing systemic and idiosyncratic risk. We contrast this with a discussion on bespoke non-cleared...

This essay presents my educational philosophy for the teaching of business associations, corporate governance, energy, entrepreneurship, ethics, finance and capital markets, law, leadership, management, securities law, strategy, and venture capital. Any treatment of this topic can easily span...

Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to hedge their aggregate longevity risk. There are also wider...

Conflict of interest between experts and less financial knowledgeable households leads to a market failure, i.e. those who lack financial knowledge and need financial advice if they decide to rely on information and advice provided by an expert will end up with a suboptimal decision compared to...

This is a course material (slides in pdf format) from the book 'Investment Decision Making For Firm and Project Valuation.' The book is originally in Spanish and is untitled as 'Decisiones de inversion. Para la valoracion financiera de proyectos y empresas.' Chapter 5 deals with how to prepare...

This is a course material (slides in pdf format) for the chapter Financial Analysis and Control Financial Ratio Analysis already in SSRN. In these slides I present a detailed explanation of different financial ratios commonly used in financial management. We introduce some examples in the slides...