My research interest is in the general area of corporate finance, that is, the financial decisions that corporations make. Financial decisions include whether to finance an investment project using debt, equity, or internally-generated funds, as well as whether to pay out dividends to shareholders, repurchase shares, or accumulate cash to fund future investment projects. Within this general area, I am particularly interested in how such financial decisions influence 'real' decisions, and vice versa. By 'real' decisions, I refer to the capital investment, hiring, and production decisions made by firms. After all, what really matters to an economy is how efficiently firms are able to transform the technology-embedded capital assets and the labor expertise into goods and services valued by individual consumers. However, firms' real activities can depend heavily on their financing.
Dynamic corporate finance, capital structure, investment, leverage, precautionary cash savings
FNCE 8820 - Dynamic Corporate
Fall 2018 / Fall 2019
Experimental seminar offered irregularly to provide opportunity for investigation of new frontiers in finance.
MBAX 6210 - Applied Financial Management
Spring 2018 / Spring 2020
Analyzes the financial condition, planning, and control of current assets, current liabilities, and long-term financial arrangements. Topics include financial planning, managing working capital, short- and long-term financing, capital budgeting, valuation, and capital structure policies. Case studies are emphasized.
MBAX 6211 - Applied Financial Management
Focuses on how to apply key concepts in finance to real-world situations. Topics include valuation, capital structure, highly leveraged transactions, and financial distress and bankruptcy. Heavy emphasis on how to perform various kinds of valuations. Mixture of lectures and case discussions.