Corporate Finance: Strategies for Creating Shareholder Value
Make Every Investment Decision Count
In this program, senior Kellogg School faculty and other leading experts bring real-world and academic experience together in a collaborative learning environment to review the latest techniques for analyzing and valuing financial decisions. Exploring a comprehensive framework, you will be inspired to effectively integrate financing and investment decisions in order to maximize value creation. Through lectures, cases, discussions, and a review of current research results, you explore important questions and find answers as to what investments you should make, what should be divested, and the impact financing strategy can have on your bottom line.
Upcoming Sessions (Fee includes lodging and most meals)
If you are an executive who participates in strategic decisions such as capital budgeting, mergers and acquisitions, and financial planning, this program is designed for you. It is also beneficial for executives in financial advisory functions such as consultants, accountants, commercial bankers, and investment bankers.
During this course, you will:
Measure the impact of major strategic and operating decisions on shareholder value
Value potential merger and acquisition targets more precisely
Determine the consequences of financing strategies for value creation
Accurately estimate firms’ and divisions’ cost of capital and its relation to financial structure
Creating Shareholder Value: Evaluation of Investments
Common mistakes made in the evaluation process
Financial reporting and resource allocation decisions
Modern approaches for the determination of cost of capital
Divisional cost of capital
Evaluating strategies using real options
Determinants of financial structure: Is debt good for your firm?
Cash distribution strategy: dividends and stock repurchases
Stock market reactions to changes in financial policy: the scientific evidence
Impact of financing strategies on your firm’s cost of capital
Innovative financial instruments
Interaction of Investment and Financing
Techniques for the evaluation of value created by investment and financing strategies
Design of consistent investment and financial strategies
Corporate Financial Strategies
Valuation of merger and acquisition targets
Ownership restructuring: leveraged buyouts
Valuation of international investments
Value-based management (EVA, CFROI, SVA)
Aharon Ofer - Academic Director; Visiting Professor of Finance
Artur Raviv - Academic Director; Alan E. Peterson Professor of Finance
Mitchell A. Petersen - Glen Vasel Professor of Finance; Director of the Heizer Center for Private Equity and Venture Capital
Continuing Education Credit This program is registered with the National Association of State Boards of Accountancy and is recommended for 34.5 CPE credits.
Continuing Professional Education Information The Kellogg School of Management, Northwestern University is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of Continuing Professional Education (CPE) Sponsors. State boards of accountancy have final authority on acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org
All Kellogg programs that qualify for CPE credits do not have pre-requisites. Advanced readings and case preparation is required. A packet of course materials is mailed to all participants before the program begins.
All Kellogg programs are group-live. Program level: Advanced.
For more information regarding administrative policies such as complaints and refunds, please contact our office at 847-467-7000.
Featured Faculty Video
Professor Mitchell Petersen: How valuation techniques are tested in today’s marketplace
What Past Participants Say
"This program added clarity and depth on issues concerning capital structure, value enhancement and principal management." Finance Manager, Dabbagh Group Holdings
"Excellent overview with real world examples. The professors are great, and it was money and time well spent." Manager of Strategic Management, Eli Lilly & Co.
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