Finanzas
IESE Publishing > Finanzas
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Dirección Financiera
Juny, J.; Liechtenstein, Heinrich von; Soley Sans, Jorge
IESE (España)
- This Technical Note aims to give an explanation of the state of play of the banking sector after the current financial crisis.
It analyses the causes
and how banks have tried to solve their problems of capital and financing needs.
The financial crisis has not only led to the disappearance of the Investment Bank model (but not its activity), which has had repercussions in:
- Levels of own resources.
- Funding Policy.
- Product "pricing".
- Ways of increasing the entities' efficiency.
- Consolidation processes.
The Technical Note finishes with an in-depth analysis of the parameters of the main global banks.
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IESE Insight
IESE (España)
- IESE Insight review is a research-based magazine, published on line in English and Spanish editions. It contains in-depth articles, interviews
and practice-oriented features based on the rigorous research of international experts from IESE as well as other global business schools. The articles contained in the magazine are available individually or as a complete package, as premium content available through the main knowledge portal of IESE Insight.
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Dirección Financiera
Desai, Mihir A.; de Royere, Alexandra
HBSP (USA)
- ¿Qué precio debería ofrecer Dow Chemical por PBB, un complejo petroquímico que el Gobierno argentino se dispone a privatizar? Para responder a esta pregunta,
los estudiantes han de tomar en consideración el papel del riesgo país, la exposición a la fluctuación del peso argentino y cómo valorar una oportunidad de inversión que presenta varias etapas. También deberán tener en cuenta los aspectos políticos de la transacción, los incentivos de los directivos locales y el proceso de puja en un privatización. El caso ofrece información detallada sobre flujos de caja y tipos de descuento, lo que permite a los estudiantes realizar una valoración a fondo de un proyecto en mercados emergentes.
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Dirección Financiera
Luehrman, Timothy A.
HBSP (USA)
- This note is an introduction to the cost of capital as used in discounted cash flow valuation analyses. The note covers basic financial economic principles
and practical problems encountered in calculating the cost of capital, especially WACC. It concludes with cautionary advice about computing and applying WACC. The note is suitable for undergraduates, MBAs and executives studying basic cases on business valuation and capital budgeting.
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Dirección Financiera
Fruhan, William E., Jr.
HBSP (USA)
- Teaching Note for 299084.
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Dirección Financiera
Pozen, Robert C.
HBSP (USA)
- When the credit markets seized up in 2008, many heaped blame on "mark to market" accounting rules, which require banks to write down their troubled assets
to the prices they'd fetch if sold on the open market - at the time, next to nothing. Recording those assets below their "true" value, critics argued, drove financial institutions toward insolvency. Proponents of marking to market, on the other hand, said it exposed executives' bad decisions. If not for this fair value accounting practice, investors would be kept in the dark about the banks' real state of affairs. In this article, Pozen, the chairman of MFS Investment Management, dispels the myths about fair value accounting. For example, it's untrue that most bank assets are marked to market - in 2008 just a third were. Not all write-downs reduce the banks' regulatory capital. Nor is it true that under historical cost accounting, companies don't have to acknowledge changes in market value; they're required to record permanent impairment
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Dirección Financiera
McFarlan, F. Warren
HBSP (USA)
- Teaching Note for [307081] and [307057].
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Dirección Financiera
Heilprin, Joel L.; Luehrman, Timothy A.
HBSP (USA)
- Topics Include: Corporate Finance, Interest Tax Shields, Capital Structure, Financial Strategy, Stock Repurchase and Kitchen Tools A diversified mid-sized
manufacturer of kitchen tools contemplates a stock repurchase in response to an unsolicited takeover. The company must determine the optimal debt capacity and capital structure, and subsequently estimate the resulting change in firm value and stock price. Attention is also given to the value of interest tax shields.
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Dirección Financiera
Foley, C. Fritz; Johnson, Matthew; Meyer, Linnea; Shih-Ta Chen, Michael
HBSP (USA)
- What role does trade finance play in facilitating global supply chain management? Richard S. Elman, founder and CEO of Noble Group Ltd., a global commodities
trading company based in Hong Kong, must raise capital to support the firm's working capital and investment needs. In evaluating by which means Elman should raise capital, students must consider issues relating to the payment terms and financing arrangements used in world trade, as well as the risk management and operating decisions of a trade intermediary.
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ÚLTIMOS DOCUMENTOS SOBRE FINANZAS
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Desai, Mihir A.; de Royere, Alexandra
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IESE Insight
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Juny, J.; Liechtenstein, Heinrich von; Soley Sans, Jorge
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Luehrman, Timothy A.
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IESE Insight
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