個案總覽

Although Tuplastibog is a fictitious name, it is based on a real company that was created in 2014 by Juan Carlos Ordoñez, using financing from his family's business Agropecuaria de Occidente. Tuplastibog is losing money and faces going into liquidation unless urgent corrective measures are taken. Juan Carlos needs to convince his father (Agropecuaria de Occidente's controlling shareholder) to support his business, but first he needs to ensure that his projections are correct and that the accounting measures he plans to implement make sense and will help his company stay afloat in coming years. To help students develop the case, an Excel spreadsheet is attached (Student_Excel.xlsx) A teacher version is also attached (Teacher_Excel.xlsx) to help understand the impact of the adjustments and financial statement projections.

Spreadsheet supplement for case AN0147.

The Morales couple, Carlos and María, and Andrés Córdoba, shareholders of the twenty-year old Colombian mining company Carbostar, wanted to step down from the day-to-day management of the company in March 2018. To do so, they considered three options: selling the entire Company to Carbones de Panamá; partnering with Carbones Julius, which was willing to buy 45% of the shares as long as the founders participated in an aggressive expansion plan by increasing debt; or selling 60% of the shares to Maklan, a coal producer and supplier of heavy machinery in the industry, which could accept a generous dividend policy given its financial muscle. As the majority shareholder (with 75% of the shares), Carlos Morales was not convinced about allowing third parties to manage the company he had founded. He secretly longed for one of his children to take over the company in the future. His wife María (Andrés' sister) held 12.5% of the shares. Her interests lay in receiving an income from the business and she had no preconceived ideas on whether it was convenient to open up to third parties. Andrés Córdoba held the remai ning 12.5% of the shares. He was interested in creating a family office with the resources from the total or partial sale of Carbostar. As the financial expert of the group, he was responsible for advising his partners on their course of action. Andrés' challenge, which will be the task for students, is to find the option that best balances the disparate interests of his partners.

Spreadsheet supplement for "Carbostar: To sell or not to sell? That is the question".

In March 2013, Alberto Silva, president of the newly appointed Board of Directors of Fabricato, one of Colombia's oldest textile companies, met with representatives of the main shareholder groups in order to gauge their willingness to approve profound changes within the corporation and even inject new money, if necessary. The company was suffering from a major crisis caused by a stock market bubble generated around its share price, which resulted in the suspension of its stock market listing, the disqualification of a major group of shareholders, and the bankruptcy of Interbolsa, the brokerage company that financed the bubble. With great effort, Silva was successful in obtaining, from the representatives of the main groups of shareholders, the commitment that they would vote in the Board of Directors in favor of hiring a new Executive President for the company, only if he were able to identify the path to follow: liquidate the company, restructure it with or without an injection of new money, or split it in two, one to keep the manufacturing assets and the other to develop the real estate business. The student's role is to assume Silva's task and define the course of action to follow, making use of specific financial information about the company, an Excel simulation sheet of its share price and indicators, its history, the challenges of the industry, and the environment in Colombia for March 2013.

Alexandra Camacho, Vice President of Credit Risk at the Multilateral Development Agency (MDA), faces the challenge of preparing in a short time a report that links the results of CSR management to the financial performance of Banco W. Demonstrating the link between finance and CSR has been established as an essential requirement given the critical position of Ernesto Rivera, Vice President of Sustainable Development, as a prerequisite to the approval of a guarantee being requested by Banco W. The approval of this guarantee will allow Alexandra to complete the goals required of her unit, to attend to the special request of the President of MDA to give a prompt response to the bank and to open a new niche of clients. In the role of Alexandra Camacho, the students will take on the challenge of developing the Value Footprint or Fourth Financial Statement. It will enable them to relate the results of the financial management and the CSR of Banco W and thus be able to support the recommendation of the endorsement requested by Banco W. This case uses public information of Banco W for didactic purposes, and all characters and situations presented are the product of fiction.

Spreadsheet supplement for case AN0115.

Spreadsheet supplement for case AN0115.

Spreadsheet supplement for case AN0115.