ILRHR 6910 - Business Strategy and Finance for Human Resources

Fall. 4 credits. Letter grades only.

Enrollment limited to: MILR program students.

J. Haggerty.

Helps students understand some basic ideas in finance from the perspective of human resource management. Broadly considers financial markets, how firms issue securities; history and pitfalls in investing; the time value of money; investment criteria such as net present value, risk versus return, and the opportunity cost of capital; capital asset pricing; capital budgeting and risk; market efficiency and predictability; measuring firm financial performance and reading financial statements; event studies in finance and economics; mergers; ESOPs and stock options; executive compensation; the relationship between job loss and firm outcomes; and other organizational forms such as nonprofits. Covers theoretical ideas and has many empirical, policy, and practitioner-relevant applications.