Corporate Finance Tutorials - Page 3
This series presents corporate finance as a strategic decision framework. It examines how firms allocate capital, evaluate investments, manage risk, and create long-term value—linking financial theory, governance, and market dynamics across the corporate lifecycle.
Showing 21 to 23 of 23 tutorials (Page 3 of 3)
Capital Allocation Failures: Lessons from History and a Diagnostic Toolkit - Corporate Finance Series
Capital allocation is the ultimate test of corporate stewardship, yet history reveals a persistent cycle of intelligent failure. This tutorial explores the recurring patterns of overinvestment, misguided buybacks, and value-destroying M&A through a practical diagnostic framework. We dissect strategic drift, incentive misalignment, and market myopia, using in-depth stories from the railroad mania, GE's buyback spiral, and the AOL-Time Warner catastrophe. By connecting these failures to core corporate finance principles, you will learn to build organizational safeguards that protect long-term value from the powerful, predictable forces that lead even smart companies astray.
Corporate Finance in a High-Interest-Rate World: The Strategic Pivot from Growth to Resilience - Corporate Finance Series
Rising interest rates reset the rules of corporate strategy. This tutorial provides a "High-Rate Strategic Pivot" framework for shifting from growth-at-all-costs to capital resilience. We explain how rising WACC acts as a filter for investment decisions, how to manage refinancing risk on floating-rate debt, and how to triage capital expenditure and R&D. Learn actionable strategies for debt management, cash flow defense, and opportunistic M&A, using lessons from the Volcker era to the post-2022 hikes. A must-read for managers navigating capital allocation in a high-rate environment.
Valuation and Markets: The Grand Unifying Framework of Corporate Finance - Corporate Finance Series
This final tutorial in our corporate finance series introduces the "Valuation Synthesis Model," showing exactly how capital allocation, risk management, and strategic choices drive valuation. Learn how DCF models, enterprise value, and equity pricing translate internal decisions on cash flow, risk, and growth into market outcomes. With concrete examples from Apple's operational discipline, Microsoft's transformative M&A, and historical failures like AOL-Time Warner, you'll master the direct link between corporate strategy and fundamental analysis. Perfect for professionals and students seeking to unify corporate finance and investment principles.