Prof. Ian Giddy
New York University, Stern School of Business
Tel +1 212-998-0332; Fax +1 212-995-4233
E-mail: ian.giddy@nyu.edu Web:
http://giddy.org
Seminar Web site: http://giddy.org/nib-baltics.htm
Goals
This one-day workshop offers an overview of financing and risk management
choices from the perspective of the corporate financial manager in
a developing capital market. The goal is to develop guidelines for each
company to help decide what kind of financing and hedging is suitable for
what kind of business. To avoid problems such as those that have struck
companies and their bankers in Asia, we must analyze the true economic
exposure of clients of the regional development banks. This will be achieved
by starting with the key decisions - investment, financing and risk management
- that contribute to corporate value. The investment side will includes
evaluation of capital investment projects under risk, and mergers and acquisitions.
The financing side comprises decisions about capital structure -
how much debt, relative to equity, is optimal for a particular firm - as
well as decisions about what kind of debt, and what kind of equity, is
right for the firm. Both investment and financing decisions are tied to
financial risk management, including the choice of hedging instruments,
so the workshop will offer guidelines for the measurement and management
of interest rate and currency risk. Using real-world case studies, the
course will introduce the key principles of selecting financing techniques
that help keep financial risk under control.
Instructor
Prof. Ian Giddy
lectures on finance at New york University's Stern School of Business.
He is a graduate of the University of Michigan (MBA 1972, PhD 1974) and
the University of the Witwatersrand (BSc 1970). He has taught finance at
NYU, Columbia, Wharton, Chicago and abroad for the past twenty-two years.
He was Director of International Fixed Income Research at Drexel Burnham
Lambert from 1986 to 1989. He is the author or co-author of numerous articles
and books, including
The Handbook of International Finance, The
International Money Market, Cases in International Finance,
Global
Financial Markets, Asset Securitization in Asia and
The Hudson
River Watertrail Guide.
Outline of Workshop Topics