Ivey Business School (Canada)
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Suntech Power: Competition and Financing in China's Solar Industry
Emir HrnjićCase IVEY-9B15N019-EFinance, StrategyIn 2011, Suntech Power, the world’s largest solar panel manufacturer, found itself in a highly problematic position. Recent developments in the Chinese solar power industry had negatively impacted the company’s operations. As the industry had matured, the demand for Suntech Power’s products had become highly volatile. Changing policy regulations, the ambiguous financial structure of the firm and a shift in consumers’ perceptions of the product we...Starting at €8.20
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Alibaba's Bonds Dilemma: Location, Timing, and Pricing
Emir HrnjićCase IVEY-9B17N001-EFinance, StrategyIn 2014, Alibaba—the Chinese e-commerce giant who, in September 2014, completed the largest initial public offering (IPO) in New York Stock Exchange (NYSE) history—was preparing itself for an additional round of capital fundraising. This time, Alibaba focused its efforts on a new, large bond issue. Its chief executive officer would lead Alibaba’s finance team in meetings with investors in Hong Kong, Singapore, and London to gather information abo...Starting at €8.20
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Toyota's Innovative Share Issue (2015)
Emir HrnjićCase IVEY-9B16N008-EFinance, StrategyIn June 2015, the Toyota Motor Corporation’s annual shareholders’ meeting included a proposal regarding Toyota’s new share issue. Named “Model AA” shares after the company’s first passenger car, the shares would offer investors new hybrid securities. This proposal created a lot of controversy among existing shareholders. Although President Toyoda claimed that no one would be disadvantaged by these shares, it remained unclear how many shareholders...Starting at €8.20
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Williams HR Law: Aligning Growth with Purpose and Values
Alison Konrad, Vania SakelarisCase IVEY-W28528-ELeadership and People Management, Service and Operations ManagementThe case highlights the challenges encountered by Laura Williams, founder and owner of Williams HR Law, a firm based in Toronto, Ontario, providing a full range of legal services on labour, employment law, and human resources (HR) matters. Demand for the firm’s services grew exponentially in 2020 following the tragic death of George Floyd and due to the ongoing workplace challenges encountered during the global pandemic. Williams faced decisions ...Starting at €8.20
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Team Building Across Diversity
Alison Konrad, Vania SakelarisCase IVEY-W32277-ELeadership and People ManagementThe case highlights the challenges encountered by a corporate life and health insurance leader while dealing with an underperforming employee, Tina Smith, in 2016 in Toronto, Ontario. It provides an overview of the process involved in performance management, including steps associated with exiting an employee from an organization. The protagonist in this case, Alexandra Thorn, also encountered challenges in her working relationship with Smith. Th...Starting at €8.20
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Financing Alibaba's Buyout: Syndicated Loan in Asia
Emir HrnjićCase IVEY-9B14N011-EFinance, StrategyAlibaba is the world’s largest online trading platform, with higher revenues than Amazon and eBay combined. Its 2012 syndicated loan was the first sizable loan for a Chinese technology company with few tangible assets. Creative loan covenants stated that the subsidiaries would repatriate 100 per cent of the distributable profits for debt service. The loan was partially used for the buyback of Yahoo!’s stake in Alibaba. In the agreement, Yahoo! wo...Starting at €8.20
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Alibaba's IPO Dilemma: Hong Kong or New York
Emir HrnjićCase IVEY-9B14N035-EEntrepreneurship, Finance, StrategyIn April 2014, Alibaba’s impending initial public offering (IPO) projected to be among the world’s largest IPOs. Alibaba faced many choices regarding ownership structure, trading location, IPO pricing and IPO timing. The Hong Kong Stock Exchange seemed like a natural fit for its IPO due to geographical, cultural and language proximity. Furthermore, 86.7 per cent of Alibaba’s revenues originated within China. However, Alibaba insisted on “partners...Starting at €8.20
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Williams HR Law: Aligning Growth with Purpose and Values - Teaching Note
Alison Konrad, Vania SakelarisTeaching Note IVEY-W28529-ELeadership and People Management, Service and Operations ManagementTeaching note for product W28528.Starting at €0.00