Lecture will focus on understanding financial decision-making challenges at corporate level, focusing on (a) challenges of creating value through financial management, and (b) challenges of harnessing value through equity financing. Regarding equity financing, discussion will analyze benefits and caveats of equity financing by (a) seeking strategic partner through mergers and acquisitions, and (b) seeking dispersed ownership structure through public offerings. As regional economy is intensely rushing toward industry consolidations, decisions on how to acquire capital and ensure growth are becoming essential and increasingly complex.