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| Case studies in Finance |
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| Fall,2023 |
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| Department of Finance, NCCU |
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| Instructor: 吳啟銘 Dr. Chiming Wu |
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| e-mail: ericwu@nccu.edu.tw |
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| Class Time: |
9:10-12:00 Thur. |
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| Office Hour: 星期二上午 10:00-12:00 |
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| 課程目標 |
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*國際接軌/資本市場聯結 |
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* CFO 角色-- Trade off的決策角色 |
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* 財金理論應用 -- 連接 Journal papers |
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* 國際本土化個案的完成 |
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| 上課進行方式: 前60分鐘--國際個案 (Present 20分鐘,作業 Q&A 30分鐘, 小結10分鐘) |
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中間10:30, 休息20分鐘 |
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後60分鐘:國內個案 |
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| Class materials: |
Case Studies in Finance, Robert F. Bruner 8th edition(2018) (Tel: 2331-7856) |
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CFA Material |
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Youtubes |
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教材聯結 |
https://drive.google.com/drive/folders/1XnKdx3g-Z_ULbkciXl1TJBzzeJOKso5X?usp=sharing |
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| 作業及報告的繳交email : ericwu@g.nccu.edu.tw |
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| Class Schedule |
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| 1 |
9月14日 |
course introduction, grouping |
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前半段課程說明, 選出課代, 請課代協助建立line 群組及雲端教材資料夾, 預習繳交的寄送信箱 |
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How to study and discuss cases |
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| 2 |
9月21日 |
Case 1 |
Ethics in Finance |
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application-code-standards-l2 |
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application-code-standards-l3 |
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| 3 |
9月28日 |
ESG in Finance (CFA 視訊) discussion |
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Two experts debate the pros and cons of ESG |
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https://www.youtube.com/watch?v=2WTpDGGn4t4 |
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Aswath Damodaran: "ESG is the most oversold and overhyped concept in the history of business." |
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https://www.youtube.com/watch?v=AWRk46h2ySI |
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Ethics in Finance |
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| 4 |
10月5日 |
case 2 |
To think like an investor--Warren E. Buffett 2015 |
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Buffett follow-up PPT |
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Buffett s Alpha |
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Aswath Damodaran. Smart Money vs Stupid Money. Humble Money vs Arrogant Money. |
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https://www.youtube.com/watch?v=QrdODA2_RwI |
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When Diversification Fails 1 |
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巴菲特談科技股：蘋果跟 IBM 有什麼不同 |
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https://www.youtube.com/watch?v=BRxAkfzH8mQ |
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好球才揮棒, 你只須很懂你感興趣的https://www.youtube.com/watch?v=BAMiemNe2fk |
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| 5 |
10月12日 |
case 3 |
The battle for Value 2016-- Fdex vs. UPS |
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Fundamentals of Value versus Growth Investing |
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financial-statement-analysis-applications |
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| 6 |
10月19日 |
case 4 |
Genzyme and Relational Investors |
• Intro Video: “Henri Termeer Introduction” (available at http://youtu.be/6LF_CB7Pa3U) |
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What Is Quality |
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• Epilogue Video: “Epilogue” (available at http://youtu.be/BPD7wpEXTDg)
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http://youtu.be/BPD7wpEXTD |
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| 7 |
10月26日 |
case 5 |
Cost of capital for multi-division firm -- Chestnut Foods |
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Cost of capital |
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| 8 |
11月2日 |
case 6 |
Multifaceted capital investment decisions --Target Corporation |
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| 9 |
11月9日 |
case 7 |
Dividend and stock buyback decisions: Autozone, Inc. |
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Dividend and stock buyback analysis |
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Buybacks are the most sensible way of returning cash, says professor |
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https://www.youtube.com/watch?v=ctwUTmokUpE |
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國內個案開始報告 |
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| 11 |
11月16日 |
case 8 |
IPO Valuation-- Rosetta Stone |
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Private stock valuation |
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Lyft overvalued here, according to the dean of valuation, Aswath Damodaran |
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https://www.youtube.com/watch?v=K0wky8yyjuM |
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Demodaran on IPO valuation |
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| 12 |
11月23日 |
case 9 |
Convertible Bond valuation and financial engineering -- MoGen, Inc. |
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| 13 |
11月30日 |
case 10 |
Corporate acqusition: Sanofi-Aventis's Tender offer for Genzme |
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Merger and Acquisition |
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Acquisition Ornaments: Synergy, control & complexity |
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https://www.youtube.com/watch?v=QneDmX_WUyA&list=PLUkh9m2BorqnKWu0g5ZUps_CbQ-JGtbI9&index=12 |
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| 14 |
12月7日 |
Case 11 |
Corporate governance influence -- Hershey Foods Co. |
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| 15 |
12月14日 |
Case 12 |
Business unit Divestiture: DuPont Corporation:Sale of Performance Coating |
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| 16 |
12月21日 |
Revised個案期末報告 (1) |
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| 17 |
12月28日 |
Resived 個案期末報告 (2) |
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| 18 |
1月4日 |
期末考 |
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1月11日 |
Deadline for revised個案完整版繳交 |
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| Grading |
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30% |
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Group case presentation:國外個案 |
30% |
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Group case presentation:國內個案 |
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非值星組每週繳交一頁的預習報告 |
20% |
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個人期末考 |
20% |
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Class Participation |
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Buffett follow-up PPT |
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