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.
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
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
About the Facilitator
One of the most highly cited academics in corporate finance and corporate governance.
Professor of Finance at the NYU Stern School of Business since 1994 and Adjunct Professor at the NYU School of Law.
Professor David Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at NYU Stern School of Business, where he chaired the Finance Department for eight years. He directs the NYU Pollack Center for Law and Business and holds appointments at both NYU Stern and NYU School of Law.
His research on executive compensation, corporate governance and corporate finance has been cited more than 35,000 times. He has received several lifetime achievement awards for research, delivered more than 200 invited research seminars at universities and government agencies worldwide, and served as a visiting scholar at the US Federal Reserve.
His connection to Western Australia is long standing. He first came to UWA Business School in 2009 as the Stan and Jean Perron Visiting Fellow and has returned as a Visiting Professor across more than ten years since.
This program draws on his MBA elective at NYU Stern, one of the school's most popular courses for more than 30 years and taken by more than 6,000 students.
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