This website uses technical, customisation and analytical cookies, both first-party and third-party, to anonymously facilitate browsing and analyse statistics on use of the website. Learn more
IESE (España)
-
Squeeze to Infinity: Porsche's Attempt to Acquire Volkswagen
Saffi, Pedro; Simon, JanCase F-848-EFinanceThe German financial market regulator (BaFin) had recently come under severe national and international pressure because of large market movements in Volkswagen stocks, caused by Porsche's announcement that it acquired a much larger than expected stake in the company. At one point, the firm had become the largest company in the world and, in one afternoon, its market capitalization was bigger than that of the entire car industry. In the blame gam...Starting at €8.20
-
Retribución: Soluciones al rompecabezas
Bourne, Mike; Contreras, Ignacio; Edmans, Alex; Franco-Santos, Mónica; Gómez López-Egea, Sandalio; Marcos, Javier; Tosi, Henry L.Dossier DOS-7Finance, Leadership and People Management, StrategyEncajar todas las piezas del sistema de remuneraciones es posible. La solución pasa, en parte, por aprender de la crisis.Starting at €15.00
-
Volkswagen AG: Valuation in 2009 (A)
Saffi, Pedro; Vergara, CarlesCase F-845-EFinanceThe purpose of this case is to introduce two of the most basic and used valuation techniques: dividend discount model (DDM) and multiples valuation. Students are required to value Volkswagen AG in the context of its merger agreement with Porsche and a major economic crisis that strongly affected the car industry. This case is designed for use at the beginning of a standard MBA Corporate Finance course, but can also be placed in any valuation modu...Starting at €8.20
-
Volkswagen AG: valoración en 2009 (A)
Saffi, Pedro; Vergara, CarlesCase F-845FinanceEl presente caso se propone presentar dos de las técnicas de valoración más elementales y usadas con mayor frecuencia: el modelo de descuento de dividendos (DDM) y la valoración de múltiplos. Los estudiantes deben valorar Volkswagen AG en el contexto de su acuerdo de fusión con Porsche y una profunda crisis económica que ha golpeado con fuerza la industria automovilística. Este caso está pensado para usar al principio de un curso MBA estándar sob...Starting at €8.20
-
Volkswagen AG: Valuation in 2009 - Teaching Note
Saffi, Pedro; Vergara, CarlesTeaching Note FT-82-EFinanceThe purpose of this case is to introduce two of the most basic and used valuation techniques: dividend discount model (DDM) and multiples valuation. Students are required to value Volkswagen AG in the context of its merger agreement with Porsche and a major economic crisis that strongly affected the car industry. The goal is to develop students¿ ability on choosing the data needed to implement the DDM and multiples valuation techniques and analyz...Starting at €0.00
-
Compensation: Solving the Pay Puzzle
Bourne, Mike; Contreras, Ignacio; Edmans, Alex; Franco-Santos, Mónica; Gómez López-Egea, Sandalio; Marcos, Javier; Tosi, Henry L.Dossier DOS-7-EFinance, Leadership and People Management, StrategyWith the litany of corporate failures still fresh in everyone's memory, we consider the theme of executive pay, which many blame for contributing to the crisis, and propose possible solutions to the compensation conundrum.Starting at €15.00
-
Equilibre su balance con retribución basada en deuda
Edmans, AlexArticle ART-1865FinanceCuando el negocio se tuerce, los directivos cuya remuneración consiste básicamente en instrumentos de capital, como acciones y opciones, suelen correr mayores riesgos en un intento desesperado de salvar sus empresas. Pero incluso si se consuma el desastre, salen mejor parados que los desafortunados titulares de obligaciones o bonos, que han de asumir la deuda resultante. Esta investigación, realizada junto a Qi Liu, de The Wharton School, es la p...Starting at €8.20
-
Debt-Based Pay May Give Much-Needed Balance
Edmans, AlexArticle ART-1865-EFinanceWhen business takes a bad turn, managers whose compensation only ever contains equity-like instruments, such as stock and options, are often tempted to take bigger risks in a last-ditch attempt to salvage their firms. But even if their firms go down in flames, these managers usually emerge with fewer scars than those unfortunate bondholders saddled with the resulting debt. The litany of corporate failures in the United States and elsewhere remain...Starting at €8.20
-
Formulas Involved in WACC Calculations
Saffi, Pedro; Vergara, CarlesTechnical Note FN-604-EFinanceWhich discount rate should a company use to evaluate its projects or to value its assets in general? This note is intended to clarify the different assumptions and formulas used to calculate the WACC that students may encounter in different textbooks and articles.Starting at €8.20