Professor Derek Brown is a former investment banker with RBC-Dominion Securities and is a commissioner of the Ontario Securities Commission. An investigation of the framework underlying corporate financing decisions. Among the problems analyzed are the capital structure of firms, the maturity structure of debts, dividend policies, share valuation models and alternative financing strategies and instruments. An examinations of the theory and practice of evaluating investment expenditure proposals. This course develops an understanding of the strategic asset acquisition and divestiture process.
Firms constantly make small-scale decisions to make, lease or buy certain assets.
The same ideas can be applied to larger scale assets and the major product divisions of the firm. These decisions involve mergers and acquisitions of existing firms, as well as spin-offs and divestitures of existing assets. . . . . . . . . . . . . . . . . . . . .