Keio University Syllabus and Timetable

FINANCIAL MANAGEMENT AND CORPORATE GOVERNANCE

Lecturer(s)OKUBO, TOSHIHIRO; WAGNER, ALEXANDER F.
Credit(s)2
Academic Year/Semester2025 Fall(Intensive)(Intensive)
CampusMita
Class FormatFace-to-face classes (conducted mainly in-person)
Registration Number38331
Faculty/Graduate SchoolECONOMICS
Department/MajorECONOMICS Type A, B
Year Level3, 4
FieldMAJOR SUBJECTS PCP (MAJOR SUBJECT SEQUENCE : CLASSES OPEN TO NON-PCP STUDENTS)
Grade TypeThis item will appear when you log in (Keio ID required).
Course DescriptionThe efficient use of resources in organizations and the harmonization of various interests together define the topic of “corporate governance.” To shed some light on this area, this course first covers what constitutes value from a financial perspective. After this, it discusses how corporate governance can be set up in order to enhance the value creation in the company. The course utilizes theoretical, conceptual material as well as case studies. ?
K-Number FEC-EC-35343-212-07
Course AdministratorFaculty/Graduate SchoolFECECONOMICS
Department/MajorECECONOMICS
Main Course NumberLevel3Third-year level coursework
Major Classification5Major Subjects Course- Advanced Course
Minor Classification34Other - PCP
Subject Type3Elective subject
Supplemental Course InformationClass Classification2Lecture
Class Format1Face-to-face classes (conducted mainly in-person)
Language of Instruction2English
Academic Discipline07Economics, business administration, and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

-Date & Period(Updated on Oct 13)
Thu 10/9 Periods 4-5 (Face-to-Face)→Classroom 472
Sat 10/11 Periods 3-4 (Face-to-Face)→Classroom 472
Thu 10/16 Periods 4-5 (Face-to-Face)→Classroom 475
Sat 10/25 Periods 3-4(Face-to-Face)→Classroom 475
Tue 10/28 Periods 4-5(Face-to-Face)→Classroom 475
Thu 10/30 Periods 4-5(Face-to-Face)→Classroom 472
Sat 11/1 Periods 3-4(Face-to-Face)→Classroom 475

Timetable

Date Time slot Topic Readings

TBA

Introduction
Course overview
Case assignment Syllabus

Basics of corporate finance, part 1 Slide set #1
Basics of corporate finance, part 2 Slide sets #1 and #2

Basics of corporate finance, part 3
Slide sets #1 and #2
5 Basics of corporate finance, part 4 Slide set #1 and #2


P1: Capital budgeting


P2: Examples of corporate governance systems in Europe, Japan, and the US

Case: Hola Kola

Group research

5 Comments on managerial compensation
Slide set #3

6 Coaching of groups


P3: Examples of managerial compensation in Europe, Japan, and the US
Group research

5 Accounting, auditors, boards of directors



P4: Toshiba Case: Olympus
Slide set #4

Group research

6 Coaching of groups

P5: Consequences of COVID-19 for companies
Group research

Current topics Slides


Review and concluding discussion

Coaching of groups

Slot times (Japanese time):
4: 2:45 pm - 4:15 pm, 5: 4:30 pm - 6:00 pm, 6: 6:10 pm – 7:40 pm
“P” indicates that the session is planned as presentations by students.
“TBD” indicates “To be determined”: These are small group meetings with me that constitute class time. We will flexibly set a time and date convenient to each group.


What is the subject of this course?
Why do some companies succeed while others fail? The efficient use of resources in organizations and the harmonization and alignment of various interests broadly define the topic of “corporate governance.” To shed some light on conceptual as well as practical issues in this area, this course first covers some aspects of financial management, with a particular focus on valuation and value-based management. After this, the main focus will be on discussing how the governance of a corporation can be set up in order to enhance the value creation in the company. The course is based on some theoretical, conceptual material as well as on case studies.

Who can/should take this course?
The course is an elective for economics students (regular, PCP, PEARL), graduate students, and for international students. Knowledge of basic corporate finance and microeconomics is recommended.

Active Learning MethodsDescription

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Preparatory Study

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Course Plan

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Method of Evaluation

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Textbooks

1. Two cases will be distributed. All students have to read these cases.
2. Slides will be distributed.
3. If you need to read up on basics of corporate finance before the class starts, I recommend books such as: Brealey / Allen / Myers: Principles of Corporate Finance, or Berk / DeMarzo: Corporate Finance

Lecturer's Comments to Students

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