Creating Corporate Value Through Restructuring

Restructuring decisions play a critical role in addressing underperformance and responding to strategic pressure.

In this program, you will explore how payout policies, leverage, diversification and stakeholder considerations influence corporate value.

Location

Date

Duration

3 Days

Time (AWST)

Address

Participants

Total

What to expect

This three-day program focuses on how organisations respond to underperformance through financial, strategic, and structural change. Participants examine how payout policies, leverage, diversification, and stakeholder considerations influence corporate restructuring and value creation.

Using financial theory, academic research, and in-depth case studies, the course equips participants with a strong conceptual and practical understanding of how major restructuring decisions are designed, evaluated, and implemented.

Is this course for you

This program is ideal for professionals involved in strategic and financial decision-making.

This program is suited to individuals who:

are managers or executives involved in strategic or financial decision making
are investors or analysts assessing restructuring opportunities
work in finance, strategy, or corporate development roles
are MBA participants completing the Creating Corporate Value sequence

What you will explore

During this program, you will explore advanced corporate finance and governance issues that shape value creation, ownership and accountability. The program focuses on how capital allocation decisions, ownership structures and evolving stakeholder expectations influence corporate strategy and long-term performance.

During this program, you will explore:

Corporate payout and reinvestment decisions in the presence of free cash flow
Corporate diversification and value creation through spinoffs and divestitures
Highly leveraged transactions including buyouts and recapitalisations
The common ownership problem associated with passive investing
Stakeholder capitalism and its implications for value, governance, and accountability

Where this course can take you

Through applied frameworks and real company cases, you will build a practical understanding of how restructuring initiatives are designed, assessed, and implemented to create sustainable value in complex business environments.

MBA participation and enrolment note

MBA students are required to attend both programs: Corporate Governance & Value Creation for Investors (2 days) and Creating Corporate Value Through Restructuring (3 days) - in order to receive full course credit for Creating Corporate Value.

A discounted enrolment rate applies for MBA participants who register for both programs as part of their degree requirements.

Please contact client services to apply this discount.

About the
Facilitator

David Yermack has been a Professor of Finance at the NYU Stern School of Business since 1994 and is also an Adjunct Professor at the NYU School of Law. He is Director of the NYU Pollack Center for Law and Business and served eight years as Chair of NYU Stern’s top-ranked Finance department.

Prof. Yermack has published research on a wide variety of topics including corporate jets, fraudulent executive compensation, CEOs’ personal real estate purchases, the fashion industry, the economics of religion and non-profit enterprises, and blockchains and cryptocurrency.

He holds AB, MA, MBD, JD, and PhD degrees from Harvard University and has been a visiting professor at UWA Business School regularly since 2009.

Prof. Yermack has previously taught versions of this program at UWA Business School in the MBA and the Honours undergraduate program. He has taught a full-semester course on these topics since the 1990s in the MBA program at the NYU Stern, where it was once named the school’s “signature elective course” by a national business publication.