These introductory corporate finance slides are in "Question and Answer" style format. (Chapter numbers refer to Welch, Corporate Finance, edition 4, 2018.) The slides are open-source under GPL v3 for free reuse and adaptation to other contexts.
Obsolete slides are in 2019. Other instructors prefer summary slides. For the summary slides, there is instructor support (but no student support).
| File Name ↓ | File Size ↓ | Date ↓ |
|---|---|---|
| Parent directory/ | - | - |
| 2019/ | - | 2020-May-21 00:05 |
| c02-tvm-1.pptx | 85.8 KiB | 2020-May-06 18:59 |
| c02-tvm-1.pdf | 246.4 KiB | 2020-May-06 18:59 |
| c02-tvm-2.pptx | 88.0 KiB | 2020-May-06 18:59 |
| c02-tvm-2.pdf | 235.8 KiB | 2020-May-06 18:59 |
| c06-1-uncertainty.pptx | 68.6 KiB | 2020-May-06 19:00 |
| c06-1-uncertainty.pdf | 160.5 KiB | 2020-May-06 19:00 |
| c06-2-riskypayoffs.pptx | 238.6 KiB | 2020-May-06 19:00 |
| c06-2-riskypayoffs.pdf | 374.9 KiB | 2020-May-06 19:00 |
| c07-1-invintro.pptx | 340.2 KiB | 2020-May-06 19:00 |
| c07-1-invintro.pdf | 488.3 KiB | 2020-May-06 19:00 |
| c07-2-egguilibrium.pptx | 39.5 KiB | 2020-May-06 19:00 |
| c07-2-egguilibrium.pdf | 76.2 KiB | 2020-May-06 19:00 |
| c08-invest.pptx | 78.0 KiB | 2020-May-06 19:00 |
| c08-invest.pdf | 213.4 KiB | 2020-May-06 19:00 |
| c09-benchmarking.pptx | 160.0 KiB | 2020-May-06 19:00 |
| c09-benchmarking.pdf | 279.1 KiB | 2020-May-06 19:00 |
| c10-1-capmbasics.pptx | 123.5 KiB | 2020-May-06 19:00 |
| c10-1-capmbasics.pdf | 274.7 KiB | 2020-May-06 19:00 |
| c10-2-capmevidence.pptx | 137.2 KiB | 2020-May-06 19:00 |
| c10-2-capmevidence.pdf | 216.6 KiB | 2020-May-06 19:00 |
| c11-1-imperfect-concepts.pptx | 53.8 KiB | 2020-May-06 19:00 |
| c11-1-imperfect-concepts.pdf | 167.9 KiB | 2020-May-06 19:00 |
| c11-2-imperfect-tour.pptx | 84.0 KiB | 2020-May-06 19:00 |
| c11-3-imperfect-taxes.pptx | 64.5 KiB | 2020-May-06 19:00 |
| c11-2-imperfect-tour.pdf | 182.7 KiB | 2020-May-06 19:00 |
| c11-3-imperfect-taxes.pdf | 124.9 KiB | 2020-May-06 19:00 |
| c12-effmkts.pptx | 392.4 KiB | 2020-May-06 19:00 |
| c12-effmkts.pdf | 607.4 KiB | 2020-May-06 19:00 |
| c13-1-npv-moments.pptx | 34.1 KiB | 2020-May-06 19:00 |
| c13-1-npv-moments.pdf | 109.2 KiB | 2020-May-06 19:00 |
| c13-2-npv-cocavg.pptx | 150.2 KiB | 2020-May-06 19:00 |
| c13-2-npv-cocavg.pdf | 240.0 KiB | 2020-May-06 19:00 |
| c13-3-npv-seqchoice.pptx | 39.4 KiB | 2020-May-06 19:00 |
| c13-4-npv-externalities.pptx | 52.8 KiB | 2020-May-06 19:00 |
| c13-3-npv-seqchoice.pdf | 103.6 KiB | 2020-May-06 19:00 |
| c13-4-npv-externalities.pdf | 112.7 KiB | 2020-May-06 19:00 |
| c13-5-npv-biases.pptx | 37.5 KiB | 2020-May-06 19:00 |
| c14-valuation.pptx | 56.2 KiB | 2020-May-06 19:00 |
| c13-5-npv-biases.pdf | 98.7 KiB | 2020-May-06 19:00 |
| c14-valuation.pdf | 132.0 KiB | 2020-May-06 19:00 |
| c15-comparables.pptx | 217.8 KiB | 2020-May-06 19:00 |
| c15-comparables.pdf | 332.9 KiB | 2020-May-06 19:00 |
| c16-capstruct-intro.pptx | 206.1 KiB | 2020-May-06 19:00 |
| c16-capstruct-intro.pdf | 218.0 KiB | 2020-May-06 19:01 |
| c17-capstruct-perfectmkt.pptx | 83.1 KiB | 2020-May-06 19:01 |
| c17-capstruct-perfectmkt.pdf | 178.4 KiB | 2020-May-06 19:01 |
| c18-1-capstruct-corptaxes.pptx | 78.7 KiB | 2020-May-06 19:01 |
| c18-1-capstruct-corptaxes.pdf | 205.9 KiB | 2020-May-06 19:01 |
| c18-2-capstruct-bothtaxes.pptx | 47.3 KiB | 2020-May-06 19:01 |
| c19-1-lean.pptx | 53.6 KiB | 2020-May-06 19:01 |
| c18-2-capstruct-bothtaxes.pdf | 108.9 KiB | 2020-May-06 19:01 |
| c19-1-lean.pdf | 153.3 KiB | 2020-May-06 19:01 |
| c19-2-fat.pptx | 58.9 KiB | 2020-May-06 19:01 |
| c19-2-fat.pdf | 114.1 KiB | 2020-May-06 19:01 |
| c19-3-rest.pptx | 294.6 KiB | 2020-May-06 19:01 |
| c19-3-rest.pdf | 277.5 KiB | 2020-May-06 19:01 |
| c20-payout.pptx | 460.4 KiB | 2020-May-06 19:01 |
| c21-proformas.pptx | 65.3 KiB | 2020-May-06 19:01 |
| c20-payout.pdf | 713.2 KiB | 2020-May-06 19:01 |
| c21-proformas.pdf | 235.8 KiB | 2020-May-06 19:01 |
| c03-1-perpetuities.pptx | 89.4 KiB | 2020-May-07 23:40 |
| c03-1-perpetuities.pdf | 292.8 KiB | 2020-May-07 23:40 |
| c03-2-annuities.pptx | 63.1 KiB | 2020-May-08 00:18 |
| c03-2-annuities.pdf | 163.7 KiB | 2020-May-08 00:18 |
| c04-capbudgrules.pptx | 163.5 KiB | 2020-May-08 17:45 |
| c04-capbudgrules.pdf | 294.6 KiB | 2020-May-08 17:45 |
| c05-yieldcurve.pptx | 153.1 KiB | 2020-May-08 18:15 |
| c05-yieldcurve.pdf | 314.1 KiB | 2020-May-08 18:15 |
| c05-inflation.pptx | 44.8 KiB | 2020-May-08 18:24 |
| c05-inflation.pdf | 145.5 KiB | 2020-May-08 18:24 |
For instructor-related materials related to these slides, please email ivo welch with your credentials (incl. affiliation and course). The instructor-support material remains strictly off-limits to non-authenticated university instructors. There are also a set of summary slides (rather than these Q&A slides). They are also available on the instructor site.