The course is beneficial for entrepreneurs, consultants, investors and managers operating in or considering expansion to developing markets. By understanding the roles and responsibilities of board members and the mechanisms though which they exercise these duties, students will come away with an understanding of how boards function effectively (and in too many cases fail to function effectively). Traditional business courses analyze an array of factors affecting business decisions but provide little systematic consideration of the role of taxes in individual financial planning decisions. The goal of this course is to provide a fundamental understanding of the principles of business taxation and tax planning, which will be relevant and valuable even as tax laws change - over time, across borders, and by taxpayer type. Because these issues are also of concern to financial reporting standard setters, we will discuss whether and how the research we study informs standard setting debates. Common to these studies is that agents acquire private information that is valuable to other parties. Over this period, the focus of academic research has gradually shifted from the general to the more specific.
At the conclusion of the course, students will present their strategies to the class and a panel of expert judges. The course focuses on critically interpreting financial and non-financial information for purposes of assessing firm fundamentals and corporate governance risk in the presence of weak legal systems, strong political forces, limited investor protections, limited market development, strong macro-economic forces, opacity and resultant business arrangements. This case-driven course is designed to help students who plan to serve on boards as private-equity or venture investors, entrepreneurs who will need to assemble and manage boards, and executives who realize they will need to interact with and answer to boards.n The course is designed to help students understand the issues boards face - both routine and non-routine - through the eyes of the board member. The goal of this course is to provide a fundamental understanding of the principles of taxation and tax planning as they relate to personal income taxes and considering an individuals financial position. Such research encompasses studies dealing with contemporary financial reporting issues as well as research addressing issues relating to the globalization of financial reporting. The aim is to increase student's familiarity with empirical accounting research, their ability to critically evaluate research and research designs, and to prepare students to conduct independent research. Applications of Contract Theory in Accounting Research. This course develops tools from information economics to study the strategic interactions between different agents inside a firm. The informational efficiency of stock markets has been a central theme in financial economic research in the past 50 years.
During economic transitions, debt and equity investors may make significantly different assessments of the quality of a company's earnings, its assets, and its likelihood to meet its debt obligations.
No specific undergraduate major or courses are required for admission, but experience with analytic and quantitative concepts is important. Same as: FINANCE 692, GSBGEN 692, HRMGT 692, MGTECON 692, MKTG 692, OB 692, OIT 692, POLECON 692, STRAMGT 692 MGTECON 200. It covers microeconomic concepts relevant to management, including the economics of relationships, pricing decisions, perfect competition and the "invisible hand," risk aversion and risk sharing, and moral hazard and adverse selection. The business world has become more quantitative and economics-oriented in the last 30 years, but many of the key ideas in economics, relating to topics such as pricing, monopoly, imperfect competition, game theory, moral hazard and adverse selection, public choice, externalities, risk aversion, capital market pricing and equilibrium, and auction theory can all be usefully approached with this relatively small amount of math. Topics include demand and supply, cost structure, price discrimination, perfect competition, externalities, and the basics of game theory. Key topics include long-run economic growth, technological change, wage inequality, international trade, interest rates, inflation, exchange rates, and monetary policy. We will look at inequality in income, some of its potential sources, and its effects in other areas.
The primary criteria for admission are intellectual vitality, demonstrated leadership potential, and personal qualities and contributions. Most of the readings in the earlier readings derive from finance and economics (market efficiency, limits to arbitrage, and behavioral finance); most of the later readings derive from financial accounting (equity valuation, fundamental analysis, earnings management, and analyst behavior). Same as: FINANCE 691, GSBGEN 691, HRMGT 691, MGTECON 691, MKTG 691, OB 691, OIT 691, POLECON 691, STRAMGT 691 ACCT 692. To register, a student must obtain permission from the faculty member who is willing to supervise the research. MGTECON 200 is a base-level course in microeconomics. Previous economics is not necessary, but it does help to be comfortable with simple mathematical models. This course is an introduction to Microeconomics, focusing on microeconomic concepts relevant to managerial decision making. This course gives students the background they need to understand the broad movements in the global economy. We will also focus on business's role -- what are the responsibilities of private sector companies, how does inequality affect them, and how should the growth in inequality affect their strategies?
This case-based course intends to bridge this gap by discussing how taxes affect a variety of personal financial planning decisions. We will use cases to gain hands' on experience analyzing business tax strategies and refer to financial statement disclosures as appropriate so that you can learn how taxes affect the financial reporting for transactions. The course seeks to provide an introduction to the role of accounting information in (i) measuring firm performance, (ii) projecting profitability and firm value for external constituents, (iii) and motivating and controlling the firmâs management. At the same time, increasing attention is being paid to regulatory and market design issues that either impede or enhance market pricing efficiency.n In this course, we will cover recent research on the role of informational arbitrage in asset pricing.
The course will include examining boards in a variety of contexts with a focus on three types of situations: public for-profit companies, early-stage private companies, and not-for-profit companies of different sizes. By contrast, tax accounting courses traditionally concentrate on technical legal and administrative issues while ignoring the environment in which taxes enter an individual's decision-making. The role that taxes may play in business decisions are presented within an "all taxes, all parties, all costs" framework, from the tax issues at start-up (e.g., the choice of organizational form for a new venture), multistate and multinational operations, financial accounting implications, and mergers and acquisitions. This course is aimed at doctoral students in accounting and neighboring fields including economics, finance, political economics and operations management. The range of applications includes: the structure of managerial performance measures, capital budgeting, intra-company pricing, discretionary bonus pools, the role of non-financial performance indicators and earnings management. While earlier studies tend to view the matter as a yes/no debate, most recent studies acknowledge the impossibility of fully efficient markets, and focus instead on analyses of factors that materially affect the timely incorporation of information into prices.