EXECUTIVE EDUCATION

Financial Management: Creating Value Through Investment Learning Objectives:

• Explore the key decisions facing financial managers,
• Discuss the goals of the investment or capital budgeting decision,
• Understand the (opportunity) cost of capital and how it can be estimated,
• Discuss the key methods used to evaluate investments, and
• Examine techniques to evaluate mutually exclusive investments and investment choice under capital rationing.

Suggested Readings:

• David Mauer and Sudipto Sarkar, "Real Options, Agency Conflicts, and Optimal Capital Structure," forthcoming, Journal of Banking and Finance.
• Paul Childs, David Mauer, and Steven Ott, "Interactions of Corporate Financing and Investment Decisions: The Effects of Agency Conflicts," forthcoming, Journal of Financial Economics.