Every investment decisions demands the application of modern financial concepts. However, advanced theories are set in the context of steady economies and do not capture the instabilities now prevailing in the developed world, the intricacies of operating in less-efficient markets with institutional constraints, or the situation facing less diversified investors such as privately owned companies or closely-held conglomerates. It is surprising that little has been done to adapt financial principles to these special situations. Key concepts of financial theory will be reviewed with a focus on investment decisions in real assets as it relates to investors in unstable markets.
Prerequisites: This is an advanced course. Thus, attendants must be proficient in corporate finance and the use of Excel. In addition, knowledge of firm valuation is important.
Jaime Sabal is Associate Professor in the Department of Economics, Finance and Accounting at ESADE. He holds a PhD in Finance from the Wharton School at the University of Pennsylvania (1986). He has been Visiting Professor at different universities such as the Stern School of Business at NYU and Instituto Tecnológico de Monterrey (EGADE), among others.
He was Vice-president of the US consultancy company A.T. Kearney (1995 -1998) and founder and director of a consultancy firm with broad experience in financial advice projects (1989-1995). His research interests include corporate finance with an emphasis on emerging countries.