Corporate Finance: Investment Strategies for Creating Shareholder Value

Make every investment decision count

This highly collaborative corporate finance program combines the advanced thinking of senior Kellogg faculty and the real-world experience of successful practitioners to show you how to optimize and integrate investment and financing decisions to maximize shareholder value creation. You’ll receive practical guidance on how to determine what investments you should make, which should be divested and the impact of financing strategy on your bottom line.

You’ll explore the latest corporate finance methodologies and frameworks in a lively learning environment that includes lectures, case studies, discussions and a review of current research. Outside of the classroom, you and your peers with work together in study group settings to apply your new knowledge to real-world situations.

Aharon Ofer / Academic Director

SAVE THIS PROGRAM

Who Should Attend

  • Executives who participate in strategic decisions such as capital budgeting, financial planning and mergers and acquisitions
  • Managers with profit and loss or balance sheet responsibilities
  • Executives in financial advisory functions such as consultants, accountants, commercial bankers and investment bankers

Key Benefits

  • Measure the impact of major strategic and operating decisions on shareholder value
  • Evaluate and prioritize strategic investments including capital expenditures, organic growth, mergers and acquisitions and restructuring alternatives
  • Determine the consequences of financing strategies for value creation
  • Accurately estimate firms’ and divisions’ cost of capital and its relation to financial structure

Program Content

Creating Shareholder Value: Evaluation of Investments

  • Analytical techniques
  • 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

Financing Decisions

  • 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 analyzing 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)

Faculty

Aharon Ofer - Academic Director; Professor of Finance

Artur Raviv - Academic Director; Alan E. Peterson Professor of Finance

Sergio Rebelo - Tokai Bank Chair in International Finance; Professor of Finance

Mitchell A. Petersen - Glen Vasel Professor of Finance; Director of the Heizer Center for Private Equity and Venture Capital

CPE Credits

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.

Website: 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.

What Participants Say

“An excellent program with lots of practical lessons for performance improvement. The faculty was excellent, experienced and knowledgeable and gave a lot of food for thought. I would recommend this course strongly for those who are currently working in consulting, [or considering moving into the industry].”
Executive Director, Lagos And Southwest, Fidelity Bank

“Top-notch faculty guiding you to apply very technical concepts and applying them to real-life examples in an understandable way.”
Corporate Controller, IEWC

“This program provides an excellent overview of financial strategies to build shareholder value.”
CFO, Catholic University of Portugal

Personal Consultation

Please email or call us if you would like a personal consultation

Upcoming Sessions

November 5-10, 2017

Start: November 5 at 5:15 PM

End: November 10 at 12:00 PM

LOCATION: Evanston campus

$9,900

Fee includes lodging and most meals

Kellogg School of Management

James L. Allen Center
2169 Campus Drive, Evanston, IL 60208
Directions
847.467.6018