| Detailed information |
| Pre-requisites |
keine (die Zulassung zum Studium vorausgesetzt)
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| Original study plan |
Master's programme Management 2022W |
| Objectives |
This course aims to:
- Introducing the theory and practice of corporate finance as well as topics in corporate financial architecture (e.g., corporate governance and CSR issues).
- Combining theory with practice in order to understand what corporate finance professionals should do to increase company value and shareholder wealth.
- Providing students with a rigorous foundation and tools for analysis and understanding the core financial decisions (investing, financing, strategic deals) that have to be made in financial management.
- Enabling students to integrate theoretical concepts and models in finance with practical application to business situations.
Learning outcomes:
On successful completion of this course, the students will be able to:
- LO1: Discuss and evaluate social and ethical issues relating to financial management. [cognitive/analytical]
- LO2: Accurately identify and apply relevant theory for both investment and financial decisions. [cognitive/analytical]
- LO3: Apply decision making skills related to financial management and perform financial analysis, valuation of projects and corporations. [professional/practical skills]
- LO4: Demonstrate the ability to formulate and present a concise, insightful financial analysis which exposes issues logically and coherently. [transferable skills]
- LO5: Students will be able to create new M&A strategies and analyse potential target firms. [practical skills/intellectual skills]
- LO6: Students will be able to make use of working capital management, prepare capital budgeting and compare companies with regard to their value management. [practical/problem solving skills]
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| Subject |
Indicative content in the context of corporate finance includes:
- Locating what financial management is about, including an overview of the financial markets in which corporations operate.
- Understanding key attributes of successful companies and how decisions within corporate finance can create and maximize (shareholder) value.
- Locating the relationship between shareholder value and corporate social responsibility.
- Identifying key corporate value drivers. Understanding and applying good corporate governance and value management practices.
- Understanding financial statements and reports and applying financial analysis, e.g. dealing with financial ratios and the cash flow statement.
- Risk, return and cost of capital, e.g. the Capital Asset Pricing Model and WACC.
- Stock and corporate valuation: applying various valuation methods like market multiples analysis and discounted cash flow (DCF) method.
- Understanding key financial and investment decisions, e.g. capital budgeting, working capital management and capital structure decisions.
- Strategic financial decisions in a dynamic environment, e.g. within mergers and acquisitions.
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| Criteria for evaluation |
In total, you have the possibility to reach 80 points (60 for the exam and 20 for the group work).
A minimum of 30 points at the exam is necessary in order to obtain a positive grade.
- Written Exam (individual exam) - 60 points – 75% (Exam and retry exam); open and closed questions
- Case Study (group work) - 20 points – 25%
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| Methods |
The learning and teaching strategy is designed to develop knowledge and understanding in both theoretical and practical perspectives.
In addition to self-directed learning, the teaching and learning methods include formal lecture and tutorial, use of case studies and seminar exercises.
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| Study material |
Brigham and Ehrhardt, Financial Management: Theory and Practice, 16th edition, Cengage Learning (ISBN: 978-1-337-90260-1).
- Power Point Slides
- Articles from journals (e.g. WSJ)
- Podcasts
(Relevant materials can be retrieved from Moodle and/or will be announced in class.)
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| Changing subject? |
No |
| Further information |
none
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
973GMCPCFIK19: KS Corporate Finance (2019W-2022S)
973GMCPCFIK10: KS Master Course Corporate Finance (2010W-2019S)
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