NovaStar Financial: A Short Seller’s Battle Harvard Case Solution & Analysis

The case is set in the time frame from 2001 to 2007 and tracks its fall leading to the financial crisis and the advancement of the subprime sector. The case depicts the business model of the NovaStar, a prominent subprime mortgage lending organization, and its particular accounting practices with a concentrate on the key risks and opportunities facing the firm.

NovaStar Financial A Short Seller's Battle Case Study Solution

The case necessitates students to place themselves in the shoes of Marc Cohodes to recognize if the fiscal performance is an excellent representation of the true economic performance and as a way to understand accounting numbers and the business model. In particular, the students learning the accounting related concepts relating to the securitization, gains on sale accounting, valuation of the available for sale securities and examining the statement of cash flows. The case also allows pupils to comprehend the parts and incentives of various capital market participants such as sell-side analysts, the media, auditors, and also the Securities and Exchange Commission (SEC).

PUBLICATION DATE: March 13, 2013 PRODUCT #: 113120-PDF-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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