Publications

February 1986 (Revised November 1992)
Case

Novo Industri A/S--1981

By: W. Carl Kester and Glynn Ferguson

This small but rapidly growing Danish biochemical company must choose among several financing opportunities that include a convertible Eurobond, a rights offering in Denmark and an issue of new common shares in the United States. The case involves a broad range of... View Details

Keywords: Capital Markets; Cost of Capital; Bonds; Stock Shares; Financing and Loans; Globalization; Biotechnology Industry; Chemical Industry; Denmark; United States

December 1985 (Revised June 1991)
Case

Understanding the U.S. Dollar in 1985

Keywords: Currency; United States

October 1985 (Revised November 1992)
Case

Montedison, S.p.A.--1983

8 Mar 1985
Lecture

Capital and Ownership Structure: A Comparison of United States and Japanese Manufacturing Corporations

Keywords: Capital; Ownership; Manufacturing Industry; United States; Japan

July 1984 (Revised February 1985)
Case

Dome Petroleum Ltd.

Keywords: Energy Industry

25 Jun 1984
Lecture

Turning Growth Options into Real Assets

Keywords: Growth and Development; Assets

April 1984 (Revised May 1986)
Case

Union Tank Car Co.

Article

Today's Options for Tomorrow's Growth

By: W. C. Kester

Keywords: Growth and Development

February 1984 (Revised February 1986)
Case

E.I. du Pont de Nemours & Co.: Titanium Dioxide

By: W. Carl Kester, Robert R. Glauber, David W. Mullins Jr. and Stacy S. Dick

Disequilibrium in the $350 million TiO2 market has prompted Du Pont's Pigments Department to develop two strategies for competing in this market in the future. The growth strategy has a smaller internal rate of return than the alternative strategy due to large capital... View Details

Keywords: Forecasting and Prediction; Cash Flow; Investment Return; Growth and Development Strategy; Strategic Planning; Projects; Chemical Industry

January 1983 (Revised September 1986)
Case

Napco Industries, Inc. (A)

By: W. Carl Kester, K. Paul Asquith and David W. Mullins Jr.

January 1983 (Revised June 1983)
Case

PHH Group, Inc.

January 1983 (Revised February 1988)
Case

Hospital Corp. of America (A)

HCAs ratio of debt to total capital is approaching 70%, jeopardizing its single-A bond rating. Students must determine an appropriate target debt ratio for HCA in light of its growth objectives, its acquisition strategy and its changing regulatory environment. View Details

Keywords: Situation or Environment; Capital Structure; Health Care and Treatment; Borrowing and Debt; Health Industry; Tennessee

January 1983 (Revised February 1988)
Case

Hospital Corp. of America (B)

Focuses on HCAs financing options for reaching its target capital structure. The options include new equity conversion of convertible debentures, a debt-for-equity swap, the sale of assets, and fixed-rate debt. Students must address the problem of market timing and... View Details

Keywords: Assets; Capital Structure; Cash Flow; Equity; Debt Securities; Credit Derivatives and Swaps; Health Industry; United States

January 1983 (Revised November 1984)
Case

Napco Industries, Inc. (B)

By: W. Carl Kester, K. Paul Asquith and David W. Mullins Jr.

Research Summary

Corporate Governance and International Competitiveness

W. Carl Kester's research involves comparisons of national or broad regional systems of corporate governance (e.g., German, Japanese, Anglo-American), and the influence these systems exert on corporate investment and international competitiveness. Kester has found... View Details

Teaching Interest

Creating Value in Business and Government