Macquarie University

Managing Shareholder Value - AFCP862

This unit analyses the relationship between resource allocation decisions made by companies and shareholder value. It focuses on three key areas: performance measurement of business units, capital investment decisions (including organic growth versus growth by acquisition) and corporate portfolio and restructuring strategies, including divestments and spin offs. It will also include an analysis of the costs and benefits of diversification strategies. It takes a senior management perspective by examining internal decision making processes and how they contribute to or detract from value creation by a company. This will involve an examination of behavioural finance, agency models, remuneration design and the design and setting of internal investment criteria. This unit will suit students who are involved in developing corporate and business development strategies for corporations, investment and corporate bankers who might advise CFO's on growth and portfolio restructuring strategies, and equity analysts. This unit will include a review of relevant empirical literature and will include several case studies.

Timetable Information

For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.