A member of the Kellogg School faculty since 1982, Robert A. Korajczyk is the Harry G. Guthmann Professor of Finance. At Kellogg, Korajczyk has previously served as Senior Associate Dean: Curriculum and Teaching, Chair of the Department of Finance, Director of the Zell Center for Risk Research, and co-director of the Financial Institutions and Markets Research Center.Professor Korajczyk’s research interests are in the areas of investments and empirical asset pricing. He is a recipient of the 2009 Crowell Prize for best paper in the field of quantitative asset management, awarded by PanAgora Asset Management; the Alumni Choice Faculty Award 2000; the Core Teaching Award 1998 and 2000; the Sidney J. Levy Teaching Award 1996; the New York Stock Exchange Award for Best Paper on Equity Trading, presented at the 1993 Western Finance Association annual meetings; and the Review of Financial Studies Best Paper Award, 1991.
Professor Korajczyk is a past editor of the Review of Financial Studies and a past associate editor of the Review of Financial Studies, Journal of Business & Economic Statistics, Journal of Empirical Finance, and the Journal of Financial and Quantitative Analysis.
He has held visiting faculty appointments at the University of Chicago, the University of Melbourne, the University of Vienna, and the Hong Kong University of Science and Technology. Professor Korajczyk serves on the product development committees of Select Innovation Investments, LLC and DSC Quantitative Group, LLC.
Professor Korajczyk received his BA, MBA, and PhD degrees from the University of Chicago.
**This course was formerly known as FINC-935-0**
Recommended prerequisite: FINC 431 Finance II
Co-requisites: Over the three-quarter sequence students must take three quarter credits in additional asset management-related courses from the list below.1. One of FINC 442, FINC 444, FINC 463, or FINC 477 - must be taken during or before the first quarter of the practicum. 2. FINC 950 Capital Markets 3. One course from the Additional Courses list
- ACCT-451 (Financial Reporting and Analysis)
- ACCT-452 (Financial Reporting and Analysis II)
- FINC-442 (Financial Decisions)
- FINC-444 (Advanced Topics in Finance)
- FINC-447 (Financial Strategy and Tax Planning)
- FINC-451 (Money Markets and the Fed)
- FINC-460 (Investments)**
- FINC-462 (Portfolio Management)
- FINC-463 (Security Analysis)
- FINC-464 (Fixed Income Securities)
- FINC-465 (Derivative Markets I)
- FINC-467 (Derivative Markets II)
- FINC-477 (Global Entrepreneurial Finance)**
- FINC-936 (Asset Management Practicum IV)
- FINC-941 (Macroeconomic Policy and Global Capital Markets)
- FINC-950 (Capital Markets)
Finance I (FINC-430-0)
Finance 1 answers managers’ and investors’ most fundamental finance question: how should a project or an asset be valued? Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the discounted cash flow and multiples methods to value projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.
Prerequisite: Business Analytics I (DECS-430-5)
Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)