ECON 252: Financial Markets
Lecture 09 - Corporate Stocks. Professor Shiller emphasizes the worldwide importance of corporations by looking at World Bank data for corporate stocks as traded on global stock markets. He then turns his attention to the concept of a corporation, elaborating on the role of shareholders, the board of directors, and the Chief Operating Officer. Following this, he compares and contrasts for-profit and nonprofit corporations. Next, he discusses equity financing of for-profit corporations, covering market capitalization, dividends, share repurchases, dilution, and the difference between common and preferred shares. In addition, he discusses and rejects claims that share issuance is not really important for capital raising in modern times. Professor Shiller concludes this lecture with a discussion of the balance sheets of two well-known corporations, Xerox and Microsoft. (from oyc.yale.edu)
| Lecture 09 - Corporate Stocks |
| Time | Lecture Chapters |
| [00:00:00] | 1. Introduction |
| [00:00:55] | 2. Professor Shiller's Personal Experiences of Founding a Corporation |
| [00:05:05] | 3. Worldwide Importance of Corporate Stocks |
| [00:15:46] | 4. The Structure of a Corporation |
| [00:28:28] | 5. Corporate Financing through Equity |
| [00:37:10] | 6. Different Forms of Corporate Financing |
| [00:46:56] | 7. The Interplay between Corporate Decisions and Financial Markets |
| [00:58:54] | 8. The Balance Sheets of Xerox and Microsoft |
| References |
| Lecture 9 - Corporate Stocks Instructor: Professor Robert J. Shiller. Resources: Lecture Slides [PDF]; Multiple-Choice Quiz [PDF]. Transcript [html]. Audio [mp3]. Download Video [mov]. |
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