samuel curtis johnson grad sch of mgmt - cornell university

Fall 2020, NBA 5130 International Finance Cases Section 1Instructor: Bailey, Warren (Primary)

Samuel Curtis Johnson Grad Sch of Mgmt - Cornell University

There were: 18 possible respondents.

4.567%12Overall rating of the instructor:9

4.4267%12Instructor was readily available to students outside of class.8

4.9267%12Instructor conducted class discussions effectively.7

4.7567%12Class sessions were well organized, and instructor was well prepared.6

4.567%12Overall rating of the course:5

3.3367%12Amount of work relative to other courses was:4

4.5867%12Exams and graded assignments were clear and tested what was taught.3

4.6767%12Readings and other materials were useful and appropriate to the level of the course.2

4.567%12Course goals and requirements were communicated clearly.1

AvgRRNQuestion Text

(NBA 5130) GM, Disney, and JaguarBailey,Warren

(NBA 5130) Czech mate case debriefBailey,Warren

Question: Valued class sessions

(NBA 5130) Disney caseBailey,Warren

Question: Least valued materials

(NBA 5130) Hedging using cross-currency swapsBailey,Warren

(NBA 5130) Czech mate & Mozal caseBailey,Warren

Question: Components and Materials

Text ResponsesInstructor

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(NBA 5130) Loved this classBailey,Warren

(NBA 5130) I really enjoyed discussing the cases throughout the semester. Keep it up with the car cases! There was a good balance between the deliveredcase and the discussion that followed. I liked that we opened up the zoom chat later in the class, it can be a good way to hear some additional insight fromstudents.

Bailey,Warren

(NBA 5130) The disney case was too early in the course and too technical so either it warrants more time or can be replaced with an easier topic/caseBailey,Warren

(NBA 5130) Prof Bailey brings true excitement and passion to the course material. He is a true expert on the complicated world of international finance andit was a total pleasure to learn from his sensible and pragmatic perspectives. I wish I could take more classes taught by him. In class - we could potentiallycover more technical aspects of some of the cases, such as models and valuation methods and structures. My bias is skewed slightly towards more technicaltopics and I would enjoy more numbers, figures and models. This may not be appropriate for the class audience as a whole however, this is just my personalpreference.

Bailey,Warren

(NBA 5130) After a team presented the case, I dont think its necessary to go through your case review. I felt like we were getting the same information twice.I wouldve preferred to have a discussion or lecture on a topic related to the case (like foreign exchange risk and getting more background information on howand why companies hedge).

Bailey,Warren

Question: Improve effectiveness

(NBA 5130) Why the auto industry got wiped out of the US after a strong manufacturing boom in the early 1980s? Is the answer related to therise/weakening of EUR and the strengthening of the US dollar?

Bailey,Warren

Question: Other topics to discuss

(NBA 5130) How some of the companies are successfully using options to avoid currency volatility despite the upfront cost.Bailey,Warren

Question: Topics warrant more time

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Fall 2020, NBA 5130 International Finance Cases Section 2Instructor: Bailey, Warren (Primary)












AvgRRNQuestion Text

(NBA 5130) I would like some more cases in Emerging markets like South East Asia and issues of investing hereBailey,Warren

Question: Topics warrant less time

(NBA 5130) Hedging FX and intervention of politics in international finance should definitely be included next year as wellBailey,Warren


(NBA 5130) Law And Finance lecture was very well done, really loved Professors personal insights.Bailey,Warren


(NBA 5130) I love the Czech Mate case the most - had a lot of fun presenting about the case. It was a perfect depiction of political intervention wheninvesting abroad.

Bailey,Warren



/21

(NBA 5130) Professor Bailey is incredibly knowledgable and brings a great deal of passion to the lessons. A few areas for improving the class, especially inthe context of the Zoom format include the following: 1) It would be helpful to require students to have their cameras on to keep the class more engaging.Many other professors require cameras to be on and when they are not on, it feels even less like a normal class environment than usual. 2) The lectures werevery interesting, but I think they would be more engaging if you were to ask the class to participate and answer questions more frequently. It is much easierto become distracted and lose focus over Zoom, so now more than ever, it is helpful to encourage class participation, which will keep the students engaged.3) Although the older cases are fascinating, it would be interesting to mix in a couple of more recent cases from the last few years. Thanks again foreverything, really enjoyed the class!

Bailey,Warren

(NBA 5130) One of the best professors in Johnson, absolutely enjoyed his lectures. He did very well adapting to Zoom world of holding lectures. Onefeedback would be to grade our writeups and give us feedback on the analysis instead of leaving towards the end; this will help us to improve the quality ofour analysis

Bailey,Warren


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Fall 2020, NBA 5540 International Finance Section 1Instructor: Bailey, Warren (Primary)












AvgRRNQuestion Text

(NBA 5540) EverythingBailey,Warren

Question: Least valued class sessions

(NBA 5540) NoneBailey,Warren


(NBA 5540) Everything elseBailey,Warren


(NBA 5540) Interesting stories from the professorBailey,Warren



/21

(NBA 5540) Thanks Professor for making the class very practical and application oriented.Bailey,Warren

(NBA 5540) Concepts introduced in-class are in direct conflict with concepts taught in other classes, please reconcile them. The materials are poorlyorganized. The slides mostly contain screenshots of the instructors life adventures around the world. The instructor should clean up his slides, add the actualmaterials onto his slides, illustrate his key points with his stories, rather than the other way around. Also, the concepts the instructor teaches in class arentpractical and not really applicable in the real world. Furthermore, the homework and exam questions are not concise and clear. Its very difficult to understandwhat the instructor is actually asking. The instructor does not really make himself available. It seems like he just wants to go through all sorts of materialsand stories, and end the class. Its also unfair how students have to pay for his PowerPoint slides, which are poorly designed and written. So please focus onthe key concepts, illustrate them with stories, redesign all class materials (including slides, homework and exam questions) and be more available to students.

Bailey,Warren

(NBA 5540) Johnson needs to provide instructors with appropriate microphones. Often times, the voice of the lecture would fluctuate because of thetechnology he was using - making it difficult to hear some things. I missed parts of what the instructor was trying to say at times.

Bailey,Warren


(NBA 5540) Topics can include global financial system, international monetary systems, balance of payments, foreign direct investment, and internationaltrade. Other more practical topics would include doing business elsewhere and the risks and considerations associated with that

Bailey,Warren


(NBA 5540) This isnt a financial derivative class, why is there so much emphasis on options and derivatives strategy?Bailey,Warren


/21

Fall 2020, NBA 5540 International Finance Section 2Instructor: Bailey, Warren (Primary)







448%12Overall rating of the course:5



448%12Readings and other materials were useful and appropriate to the level of the course.2


AvgRRNQuestion Text

(NBA 5540) N/ABailey,Warren



(NBA 5540) the materials were interestingBailey,Warren

(NBA 5540) The real option. I never learned the concept of real option before.Bailey,Warren

(NBA 5540) The qualitative discussions of how countries approach certain issues related to overseas investing. I like that Prof Bailey can always come upwith examples from pretty much every major country. I like that political discussions are also raised from time to time, because undoubtedly, politics is anoverarching convern for any international investor.

Bailey,Warren



/21

(NBA 5540) This might sound radical, but bear with me. I think we can make this course S/U. The reason I suggest this is because while studying for theexams, I found that there is no right answer. There are certainly wrong answers, but I did not enjoy the anxiety of wondering if my answer was the "mostright" answer to get me the grades I aimed for. I know Prof Bailey often says in class "Guessing encouraged!", and this makes discussion in class relaxingbecause we are encouraged to think creatively. Answering exam questions can sometimes not really motivate critical thinking. Perhaps this is my modernway of thinking, but I am taking another course at Johnson which is S/U, and when the pressure of grades are taken out, I found myself participating far morein class discussions, and I think I learned a lot more in the course with the pressure of grades removed.

Bailey,Warren








(NBA 5540) Foreign exchange ratesBailey,Warren


(NBA 5540) A more detailed analysis of how to calculate beta for a foreign company.Bailey,Warren





(NBA 5540) I think every class session in this class is equally valuable.Bailey,Warren

(NBA 5540) I found the topic of capital controls to be exciting to learn. Every country has their amount of restrictions, and it is important to know how thatimpacts foreign investments. I also found currency hedging to be the most practical concept to grasp. For example, I am an international student payingtuition in a currency that is other than my own "base" currency.

Bailey,Warren


(NBA 5540) i wish the class was more organized because i was very confused about what we were discussing and what the professor was trying to clarifyBailey,Warren

/21

(NBA 5540) I love all your stories!!Bailey,Warren

/21

Fall 2020, NCC 5560 Managerial Finance Section 1Instructor: Bailey, Warren (Primary)












AvgRRNQuestion Text

(NCC 5560) The book, Corporate FinanceBailey,Warren

(NCC 5560) The lecture, course packet, and practice problems.Bailey,Warren

(NCC 5560) Lecture notesBailey,Warren

(NCC 5560) Good examples, section questions not overbearing, interesting professor.Bailey,Warren

(NCC 5560) The suggest problemsBailey,Warren

(NCC 5560) I like having the textbook problem solutions and slidesBailey,Warren



/21

(NCC 5560) NoneBailey,Warren

(NCC 5560) exams are harderBailey,Warren

(NCC 5560) unclear exam grading - I think everyone did worse than expected om the midtermBailey,Warren

(NCC 5560) The zoom recordings were uploaded a bit too slowBailey,Warren


(NCC 5560) The planned and well organized course scheduleBailey,Warren

(NCC 5560) The basics concepts to finance.Bailey,Warren

(NCC 5560) The way the course was structured and the material was explained (with example problems) was very effective.Bailey,Warren

(NCC 5560) Having a better understanding of discounted cash flow and IRR, so that is good.Bailey,Warren

(NCC 5560) The case studiesBailey,Warren

(NCC 5560) Section problemsBailey,Warren

(NCC 5560) Lectures were well organized, and used excellent up-to-date examples.Bailey,Warren

(NCC 5560) Homework, section questions, and cases were all very relevant and helped to reinforce the concepts learned in classBailey,Warren

(NCC 5560) Pearson my lab is a good resource.Bailey,Warren

(NCC 5560) Relating course content to personal experiences or real examplesBailey,Warren

(NCC 5560) The book and my finance lab were great. Really simplified the concepts, and made the practice problems easy. However, it would have beennice to have the answers to the book problems instead of trying to find a similar problem in my finance lab.

Bailey,Warren

(NCC 5560) Example questions in etextBailey,Warren

(NCC 5560) textbook is very useful. a good preview can help me understand better and relief my pressure in classBailey,Warren

(NCC 5560) TA office hours, the homework assignments, and some of the spreadsheet assignmentsBailey,Warren

(NCC 5560) The lectures were relevant and helpful. Most of the content from this course could be obtained from lectureBailey,Warren

/21

(NCC 5560) n/aBailey,Warren

(NCC 5560) Theyre the same to meBailey,Warren



(NCC 5560) I never did the readings. I only used the textbook for explanations about specific things that were unclear in lecture.Bailey,Warren

(NCC 5560) the complex spreadsheet assignmentsBailey,Warren

(NCC 5560) N/ABailey,Warren


(NCC 5560) The cases helped bring real-world examples in, but solidified concepts that were more of interest to Prof. Bailey than were important to the classor problems we were working in the book. They took a lot of time to do, too, relative to the value they brought.

Bailey,Warren

(NCC 5560) All materials provided are valuable.Bailey,Warren


(NCC 5560) While Professor Bailey is a great lecturer, and I find him to be quite nice and funny, sometimes it was a bit too much lecturing and it was easyfor me to get distracted

Bailey,Warren

(NCC 5560) There was very little correlation between the lectures and the assignments.Bailey,Warren

(NCC 5560) Connections between course content and course text was not always very clear.Bailey,Warren


(NCC 5560) Sometimes the HW problems took us several hours to completeBailey,Warren

(NCC 5560) Most concepts were hard for me to grasp. The cases were very confusing to me of what was actually being asked and what we were supposed tobe learning. I spent a ton of time trying to figure out exactly how to answer questions that seemed subjective to finding the data and answers from the waythe professor designed the cases. I think an overhaul of the cases is in order.

Bailey,Warren

(NCC 5560) Some of the option material I didnt find as relevant. I am in a real estate course so maybe more applicable to that.Bailey,Warren

(NCC 5560) N/A.Bailey,Warren

/21




(NCC 5560) All the classesBailey,Warren

(NCC 5560) I found behavioural finance to be interesting! Also the capital markets, cost of capital, capital budgeting, debt and taxes, payout policy, and othersimilar sections were very helpful.

Bailey,Warren

(NCC 5560) lecturesBailey,Warren

(NCC 5560) lectureBailey,Warren

(NCC 5560) I do not rememberBailey,Warren

(NCC 5560) The lectures that covered different equations or formulas for solving problemsBailey,Warren

(NCC 5560) Risk and returnBailey,Warren

(NCC 5560) Explanation of class examples.Bailey,Warren

(NCC 5560) Initial sessions about time value of money. Present and future value, interest rates, valuing projects, capital budgeting.Bailey,Warren

(NCC 5560) The first few weeks as it set the foundation for the rest of the course wellBailey,Warren

(NCC 5560) The last week or so of class has been helpful.Bailey,Warren

(NCC 5560) The BPT and HBS case studyBailey,Warren

(NCC 5560) OptionsBailey,Warren

(NCC 5560) I liked when we went over case studies applying the material from the class to real topics.Bailey,Warren

(NCC 5560) I found most of the material to be very useful.Bailey,Warren

(NCC 5560) - Capital Structure and Payout Policy Decisions - Capital Budgeting Decisions, Valuation, and LeverageBailey,Warren

(NCC 5560) the powerpointBailey,Warren

/21

(NCC 5560) Everything was fairly distributed.Bailey,Warren

(NCC 5560) All topics handled are well balancedBailey,Warren

(NCC 5560) More TA sectionsBailey,Warren

(NCC 5560) it seems that we wont get through all the options material, but I think this is due to the coronavirus affected semesterBailey,Warren

(NCC 5560) Risk ReturnBailey,Warren



(NCC 5560) We spent a LOT of time talking about stock and bond valuation relative to the other topics. Not that its not valuable, but it was emphasized morethan the other topics that are probably more relevant to the BPRE students (since this is a required class).

Bailey,Warren



(NCC 5560) The ones with background info were the least helpfulBailey,Warren

(NCC 5560) No commentBailey,Warren


(NCC 5560) All class sessions are valuable.Bailey,Warren


(NCC 5560) Im not sureBailey,Warren

(NCC 5560) behavioral financeBailey,Warren

(NCC 5560) Heavy lecture-based material. I thought the class got dry and hard to pay attention to, especially in the zoom format.Bailey,Warren

(NCC 5560) I cannot think of something that was least valuable, honestly.Bailey,Warren


/21


(NCC 5560) Everything was fairly distributed.Bailey,Warren

(NCC 5560) All topics handled are well balancedBailey,Warren

(NCC 5560) noBailey,Warren

(NCC 5560) no covid!Bailey,Warren



(NCC 5560) Options and DCFBailey,Warren

(NCC 5560) Chapters 10-19, and I wished we covered chapters 23-29.Bailey,Warren

(NCC 5560) bonds, options, debt-to-equityBailey,Warren


(NCC 5560) Capital budgeting decisions, valuation, and leverageBailey,Warren

(NCC 5560) Option.Bailey,Warren

(NCC 5560) capital markets and pricing of riskBailey,Warren

(NCC 5560) All topics were covered well, no change is necessaryBailey,Warren

(NCC 5560) I really wish this course was more designed to real estate finance. As a real estate student coming to learn real estate specifically, I dont think itsnecessary to go into detail of the stock market and other unrelated topics as much as we did. Would have loved to learn more applicable real estate financelessons.

Bailey,Warren


(NCC 5560) capital structureBailey,Warren

(NCC 5560) All the basics (DCF, Annuity, Perpetuity), etc.Bailey,Warren

/21


(NCC 5560) maybe interesting videos on the stock marketBailey,Warren

(NCC 5560) Chapters 23-29.Bailey,Warren

(NCC 5560) None, all topics were relevantBailey,Warren

(NCC 5560) Real estate finance.Bailey,Warren

(NCC 5560) DCF valuationBailey,Warren

(NCC 5560) Everything I was interested in learning about was included in the course.Bailey,Warren


(NCC 5560) noneBailey,Warren

(NCC 5560) All goodBailey,Warren



(NCC 5560) We spent so much time on BPT/oil prices/stock volatility that we didnt get to other topics, or skimmed through other topics.Bailey,Warren

(NCC 5560) I am unsureBailey,Warren


(NCC 5560) Introduction and toolsBailey,Warren

(NCC 5560) Topics covered during the semester are important. There is no need to reduce time on specific topics.Bailey,Warren

(NCC 5560) All are important, they should all remainBailey,Warren

(NCC 5560) Most of it was usefulBailey,Warren

(NCC 5560) The cases.Bailey,Warren

/21

(NCC 5560) First of all, I loved Professor Bailey and his enthusiasm. It helps when professors love what they teach. I think tying the problem sets to thelectures more would be helpful to cement ideas. We did that a little bit, but I felt like the lectures went more into real world examples and special topics.Theres so much to cover so I know it gets difficult, but not coming from a finance background, having some guidance and connection between the work Iwas doing between classes and what I was learning in class could have been better.

Bailey,Warren

(NCC 5560) None, the instructor was able to deliver course content well and provided relevant feedback for the mid-term.Bailey,Warren

(NCC 5560) All the topics offered in the lectures were very effective and well prepared. Zoom meeting need some improvements like recordings were sometimes hard to access, or delayed uploads.

Bailey,Warren

(NCC 5560) In my personal view, I think the course content should have been more advanced and at a greater pace for the graduate level. The finance courseI took in undergrad was a good deal more rigorous and, in my view, this caused students to better retain the information because a greater degree ofconceptual understanding was required to do well on exams. For example, in our homework we were required to estimate various discount rates. I appreciatethe open ended nature of such a question as this is the kind of critical thinking we must conduct in the real world. However, I think we should have beenrequired to be more sophisticated and provide further evidence for our estimation such as DV01 risk, credit spreads of comparable bonds etc.

Bailey,Warren

(NCC 5560) Honestly, please include a practice exam that way people have a sense of what they are getting into in terms of the exam format and questiondifficulty. Several students had issues relating to formatting which hindered their ability to answer questions quickly.

Bailey,Warren

(NCC 5560) The questions in assignments, cases, exams, etc were very hard for me to know what was being asked for. The answers often seem to dig fordetails I had no idea was actually being asked in the question, so this left me lost most of the semester. I really appreciate professor Baileys commitment tothe class and students. He was very responsive to questions and would do his best to help us whenever we had questions.

Bailey,Warren

(NCC 5560) I really enjoyed Professor Bailey. He really needs to update some of his material and information. A lot of the end dates in his material was2012. Especially in this COVID Era and the effects on the economy, he needs to update this information. All in all, he did a great job adjusting to the Zoomformat.

Bailey,Warren

(NCC 5560) It could be helpful to organize a few short group activities/discussions during the Zoom so that students can interact with others and apply thematerial they are learning about. Otherwise, this was a great course and it was very well organized!

Bailey,Warren

(NCC 5560) None. He keeps gentle and kind during the course.Bailey,Warren

(NCC 5560) More TA since there is only one TA in the class and sometimes she is very busy to answer emails.Bailey,Warren

(NCC 5560) Maybe the TA should be clearer on exam grading or upload a mock exam beforehandBailey,Warren

(NCC 5560) I think he has been managing zoom pretty well, not sure how recordings work, but it seems like they are automatically uploaded. Goodprofessor, a bit disorganized sometimes but its okay!

Bailey,Warren



(NCC 5560) I have not considered other topics.Bailey,Warren

(NCC 5560) Stock marketBailey,Warren

/21

(NCC 5560) Great Class and will prefer more in class practice questions where students solve the questions themselvesBailey,Warren

(NCC 5560) The professor did a really excellent job throughout the entire semester. I think class interaction is relatively important instead of all-timeprofessors talking.

Bailey,Warren

(NCC 5560) If the online course continues, it should be better without 5 minutes break in the middle of each class.Bailey,Warren


(NCC 5560) When equations were solved in the powerpoint slides, they were usually hard to understand because all of the formatting involved manyparenthesis and carrots for exponents instead of proper use of subscripts and superscripts. All equations would be easier to understand if they were writtenout in proper math notation instead of just as text in a powerpoint.

Bailey,Warren

(NCC 5560) It would be helpful if the professor generously answered logistics or administrative questions. If he does not know the answer, then he couldpolitely say you could email the Johnson school registrar.

Bailey,Warren

(NCC 5560) Excellent teaching style!Bailey,Warren

(NCC 5560) First of all, I loved Professor Bailey and his enthusiasm. It helps when professors love what they teach. I think tying the problem sets to thelectures more would be helpful to cement ideas. We did that a little bit, but I felt like the lectures went more into real world examples and special topics.Theres so much to cover so I know it gets difficult, but not coming from a finance background, having some guidance and connection between the work Iwas doing between classes and what I was learning in class could have been better.

Bailey,Warren

/21

Fall 2020, NRE 5270 Doctoral Seminar - International Finance Section 1Instructor: Bailey, Warren (Primary)



4.8285%11Overall rating of the instructor: (Bailey, Warren)9

4.7385%11Instructor was readily available to students outside of class. (Bailey, Warren)8

4.8285%11Instructor conducted class discussions effectively. (Bailey, Warren)7

4.7385%11Class sessions were well organized, and instructor was well prepared. (Bailey, Warren)6






AvgRRNQuestion Text

(NRE 5270) Topic on Capital Market IntegrationBailey,Warren


(NRE 5270) No downside for this class!Bailey,Warren

(NRE 5270) NoneBailey,Warren


(NRE 5270) The articles and the related presentations were clearly a great way to learn International Finance. Listening to other people explaining an articleis always useful and helps understanding points that one might miss or misinterpret when reading articles by himself.

Bailey,Warren

(NRE 5270) Discussion based on presentationsBailey,Warren



/21


(NRE 5270) Maybe some literature related to ETFs that seem to be an increasingly important aspect of international finance.Bailey,Warren

(NRE 5270) More on the legal environment differences in different marketsBailey,Warren

(NRE 5270) Global Financial CycleBailey,Warren

(NRE 5270) Machine learning in international finance perhaps. But all topics were well balanced for doctoral students.Bailey,Warren


(NRE 5270) No topics are unimportantBailey,Warren

(NRE 5270) 4 whole lectures of capital market integration was a lot. Even though it is really important.Bailey,Warren



(NRE 5270) All the subjects were interesting.Bailey,Warren

(NRE 5270) All aspects of this class are important! Topics are strongly related and I would not say that some of them are more important than others. Theyall follow a "fil rouge" of thought.

Bailey,Warren

(NRE 5270) All were balancedBailey,Warren

(NRE 5270) Crisis and ContagionBailey,Warren


(NRE 5270) No downside for this class!Bailey,Warren



(NRE 5270) The sessions I presented I also learned the most. Maybe not surprising.Bailey,Warren

(NRE 5270) I personally liked all of them. I found the first two more difficult but mainly because of the formalisation used in the articles that were exposed.Bailey,Warren

(NRE 5270) Governance and disclosureBailey,Warren

(NRE 5270) PresentationsBailey,Warren

/21

(NRE 5270) I did really appreciate the effort of Professor Bailey to make these classes very interactive by letting students presenting. I have no comments. orsuggestions to make this class best at this time.

Bailey,Warren

(NRE 5270) Loved the class, learned a lot. The Zoom format worked out really well for me.Bailey,Warren

(NRE 5270) I think it would be helpful to have some background reading on the specific market features of a few of the major markets in the worldBailey,Warren

(NRE 5270) Maybe having some feedbacks on the presentations would be very helpful to practise our presentation skills.Bailey,Warren

(NRE 5270) None. Prof. Bailey is a thoughtful and insightful instructor. He also mentors students during the class, which is great.Bailey,Warren

/21

samuel curtis johnson grad sch of mgmt - cornell university

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