個案總覽

This note focuses on the dividend model (DDM), or Gordon Growth Model, as it is sometimes known. The DDM appears in many forms in practice. The note examines its role in estimating the intrinsic value of an equity security and as a model for estimating the required return on equity. It also explores the DDM's link to price-earnings ratios, a widely followed market multiple, and the sustainable rate of growth.

Provides an overview of key information sources about venture capital and private equity.

Focuses on the historical evolution of Brazil's state-owned enterprises and efforts to privatize them.

For many decades, a high degree of political risk discouraged foreign investment in Latin America. Recent years have witnessed major changes in the nature and extent of Latin American country risks, with a dramatic reduction of political risks, and a new focus on economic risks. At the same time, there has been a vast opening up of investment opportunities where Canadian corporations can transfer modern technology and business practices that exceed the capabilities of domestic corporations, creating country- and industry-specific competitive advantages. However, Latin American countries still rank very poorly in the factors underlying international competitiveness, with the result that labor-intensive export facilities are more likely to be located elsewhere, in spite of Latin America's low wage levels.

This note presents an overview of the process of collecting or sampling data from the appropriate population, presenting statistical measures to describe the data and to allow inferences to be drawn from the data, and then clearly presenting the results obtained.

This note describes various statistical sampling techniques and the inherent biases associated with each technique. Sample size, sampling bias, and sampling with an agenda are among the issues discussed.

Describes the Lead User concept and method (step-by-step) with brief examples from industrial practice.

Describes how to manage the pricing process so that your product or service does not become a commodity, and so that you have substantial price latitude. Designed for sales, marketing, and general managers responsible for price making and related activities.

Inventories exist in virtually every organization, and can serve any number of purposes. However, they can also represent a significant investment. Consequently, an important challenge facing managers is balancing the economic benefits of less frequent orders or setups versus the costs of holding inventory. This note provides an introduction to managing independent demand inventory items. It reviews the basic techniques associated with independent demand items, including fixed order quantity and fixed time period systems, and the ABC inventory classification system. The note is intended to address the questions of how much to order (the lot size issue) and when to order (the reorder point issue).

Provides brief background information to aid in understanding the U.S. and international nonprofit sectors.

This note presents numerous examples of deception by selectively using statistical measures. For example: implying credibility by providing accuracy to two decimal places; using the wrong base value when presenting per cent data; using small base levels when deriving percentage data; choosing an unrepresentative base period; and, presenting graphs that deceive.

In 1998, Chile remained a country divided. Despite the revelations made by human rights investigations, 20 per cent of Chileans were still staunch supporters of Pinochet, and ideological extremes continued to dominate the political landscape, even among the young. Although many Chileans lived under a reign of terror, many more welcomed the social and economic changes implemented under military rule. Chilean society became polarized because of differences in opinion regarding the dictatorship.

This note takes students step by step through the evaluation of an interest rate swap. It assumes students have a strong grounding in the concepts of forward rates and spot rates.

This brief note explains how to set up a Monte Carlo simulation using @Risk for the purpose of valuing options. It should be used in conjunction with the Excel spreadsheet Monte.xls.

Offered at the end of a twenty-five session course on general management, this note reviews the course and reflects on major parts of learning.

Offered at the beginning of a twenty-five session course on general management, this note presents a structure and an outline intended to serve as a reference and provide orientation to the students as the course progresses.

Describes the business and legal context surrounding personal and corporate bankruptcy.

Reviews basic techniques for estimating terminal value in the valuation of businesses. Among the techniques discussed are perpetuities, growing perpetuities, use of multiples, and liquidation value. A rewritten version of an earlier note.

This note serves as an introduction to probability distribution--their interpretation and their assessment. Uniform and triangular distributions, as well as discrete distributions, are discussed. Summary measures are presented. The discussion is framed in the context of an appraisal of a proposed product enhancement.

Examines various approaches to measuring mutual fund performance. The approaches include the use of risk exposure and the Sharpe Ratio, as well as the Morningstar star system for rating mutual funds. Applies the approaches to a variety of mutual funds to demonstrate the effect of using different metrics to measure fund performance.