Bouygues: Prof Ian Giddy on U.S. Capital Markets and the New Economy

giddy.org

Three Issues in Global Corporate Financing

Financing European and American Companies
Shareholder Pressures and the Cost of Capital
Mergers, Acquisitions and Divestitures

Background Materials on Corporate Finance

U.S. Capital Markets and Corporate Finance
A Workshop for Le Groupe Bouygues

Prof. Ian Giddy
New York University

Europe's leading corporations are under pressure from shareholders at home and abroad. What can they learn from the U.S. experience? How can they respond effectively to the new economy, mergers & acquisitions and capital market changes, and future financing needs?

Three Issues in Global Corporate Financing

Financing European and American Companies

The New European Capital Market
USA
Asia
Venture Capital

Shareholder Pressures and the Cost of Capital

Why shareholder value matters more now
Why the cost of capital is a key metric

Financing Mergers and Acquisitions

How the market values acquisitions and divestitures
Where the money comes from

Implications for Le Groupe Bouygues

Course Readings:

Course Handouts:

U.S. Capital Markets and Corporate Finance

Background Materials
Background Materials on Corporate Finance may be found at the following website:
http://giddy.org/ibmfinance/finmat.htm
Excel spreadsheets for Corporate Finance and Valuation may be found at:
http://giddy.org/ibmfinance/spreadsheets.htm
A sample Excel spreadsheet for the valuation of a merged company may be found at:
http://giddy.org/dbs/ipoh.xls

Go to Giddy's Web Portal • Contact Ian Giddy at ian.giddy@giddy.org