IESE (España)
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Un gobierno corporativo a prueba de crisis
Pirson, Michael; Turnbull, ShannArticle ART-2129Corporate GovernanceLa crisis financiera ha empujado a muchas empresas a mejorar sus sistemas de gobierno. Pero son pocos los intentos que abordan el verdadero problema: nuestros paradigmas jerárquicos unidireccionales, enraizados en nociones transaccionales, unitarias y economicistas, deben reformularse a la luz de un modelo más humanista. Basándose en ejemplos como John Lewis Partnership y la corporación Mondragón, los autores abogan por la gobernanza en red, un...Starting at €8.20
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A New Approach to Fix Broken Governance
Pirson, Michael; Turnbull, ShannArticle ART-2129-ECorporate GovernanceMany attempts are being made to improve corporate governance in the wake of the financial crisis. But few seem to be tackling the real issue: that our top-down paradigms, rooted in transactional, unitary, economistic notions, need to be completely rewritten in favor of a more humanistic model. Citing examples such as the John Lewis Partnership and Mondragón Corporation, the authors propose the adoption of network governance, which they say would ...Starting at €8.20
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Restoring Japan: Abenomics
Mas, Núria; Sastre Boquet, IsaacCase ECON-421-EEconomicsThe case presents Prime Minister Shinzo Abe, whose economic policies, nicknamed "Abenomics," aim to remedy the economic malaise Japan has suffered since the 1990s. The case then jumps back to that era and describes the circumstances that surrounded the beginning of this "lost decade" and the actions of the Japanese authorities of the time in response to it. Those actions failed to prevent stagnation, which has plagued the Japanese economy ever si...Starting at €8.20
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Who Wants to Be a Millionaire Bill Ackman's Big Short of Herbalife
Vandebroek, Tom; Ferraro, Fabrizio; Simon, JanCase SM-1611-EBusiness Ethics and Corporate Social Responsibility, Finance, StrategyThis case describes how hedge fund activist Bill Ackman took a $1 billion short position on the shares of the nutrition company Herbalife. Ackman is convinced that Herbalife's business model is essentially a pyramid scheme, rendering it unsustainable as well as illegal. The case describes his arguments and the evidence he builds on. Other hedge fund titans soon took the opposite position on Herbalife, possibly because they fundamentally disagree ...Starting at €8.20
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La bolsa en España: Funcionamiento y magnitudes
Martínez Abascal, Eduardo; Fernández, Pablo; Simon, JanTechnical Note FN-423FinanceDescripción de la Bolsa: funcionamiento, principales magnitudes y evolución en los últimos años.Starting at €8.20
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Letter to a Young Operator on Managing During a Crisis
Simon, JanTechnical Note EN-34-EEntrepreneurship, Leadership and People Management, StrategyOver recent years an increasing number of MBAs have decided to follow the search fund route as knowledge around the subject has been disseminated in business schools. At the same time, new investors have accessed the asset class, attracted by high historical returns. The success of the asset class is a function of combining young, ambitious talent with great companies and experienced, yet collaborative, investors. From a risk point of view, th...Starting at €8.20
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AB InBev, Valuation - Teaching Note
Simon, JanTeaching Note FT-117-EThis case is centered on a young recently graduated MBA, Maddox Marcus who works in the Finance Department of AB InBev. The protagonist is tasked with valuing the company and coming up with some shareholder value creating ideas. Note that there also exists an AB InBev case where the central theme is cost of capital and EVA. Both cases can be taught as part of the same course, though this is not necessary as both can be taught separately. Using...Starting at €0.00
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AB InBev, Cost of Capital - Teaching Note
Simon, JanTeaching Note FT-116-EThis case is centered on a young recently graduated MBA, Maddox Marcus who works in the Finance Department of AB InBev. The protagonist is tasked with calculating the WACC of AB InBev at present capital structure and with a 25% debt. Maddox also has to calculate Economic Value added (EVA) as well as EVA-spreads for the mentioned capital structures. Note that there also exists an AB InBev case where the central theme is Valuation. Both cases can ...Starting at €0.00
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Debt Markets
Guasch J.; Martínez Abascal, Eduardo; Simon, JanTechnical Note FN-490-EFinanceThis technical note presents an idea of what the debt market is. It describes the public debt issued by the central governments of each country, the non-governmental bonds, the supranational organisms, the debt issued by government agencies, the debt issued by companies with credit rating, asset securitization and the debt issued by companies without credit rating. Finally, the credit qualifications, or "ratings",of the debt in the long term ar...Starting at €8.20
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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