Preliminary knowledge

Students are assumed to have an undergraduate level knowledge of finance and of statistics/econometrics. A sufficient level of spoken and written English language skills is necessary. 

Abstract

Structured presentation of the theory and practice of how corporations make financial decisions

Contents

• Statement Analysis
• Investments, Capital Budgeting, and DCF Valuation
• Valuation of Bonds and Stocks
• Risk and Return
• Capital Market Equilibrium and Cost of Capital
• Project Analysis and Real Options
• Capital Structure and Payout Policy
• Behavioral Corporate Finance

Literature

The course is based on material from the following corporate finance books:

• Berk/DeMarzo: Corporate Finance
• Brealey/Myers/Allen: Principles of Corporate Finance
• Welch: Corporate Finance
• Ross/Westerfield/Jaffe: Corporate Finance

Some additional material (mostly in the form of academic papers) will be given in the lecture.

Teaching concept

The course is held in the form of lectures.

Participants

• BWL EaF Master 2015>Pflichtbereich >Modul "Corporate Finance"1st-2nd Semester, Compulsory
• LA gbF/kbF BK Master 2014>Masterprüfung in der kleinen beruflichen Fachrichtung >Finanz- und Rechnungswesen, Steuern >Profil "Finanzdienstleistungen" in der kleinen beruflichen Fachrichtung >Wahlpflichtbereich im Profil "Finanzdienstleistungen" >Modul "Corporate Finance"1st-3rd Semester, Elective
• MuU Master 2013>Wahlpflichtbereich III >Wahlpflichtbereich III A.: Märkte und Unternehmen aus Unternehmensperspektive >Modul "Corporate Finance"1st-3rd Semester, Elective
• VWL Master 2009-V2013>Wahlpflichtbereich II >Modul "Corporate Finance"1st-3rd Semester, Elective