Professor Papanikolaou began his academic career at Kellogg in 2007. His research interests lie at the intersection of finance and innovation. He works on a variety of topics including the measurement and valuation of intangible assets; the effects of technological shocks on asset returns, firm investment decisions, and income inequality; and the effects of financing frictions on investment and employment. Professor Papanikolaou holds a Ph.D. from the Massachusetts Institute of Technology, an M.Sc. in Finance, from the London School of Economics and B.A. in Finance from the University of Piraeus, Greece.
Asset Pricing, Macroeconomics, Innovation, Economic Growth, Intangible Capital
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)