Inhalt

[ 973GMCCCFIK22 ] KS Corporate Finance

Versionsauswahl
Workload Education level Study areas Responsible person Hours per week Coordinating university
6 ECTS M1 - Master's programme 1. year Business Administration Helmut Pernsteiner 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites keine (die Zulassung zum Studium vorausgesetzt)
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]
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.
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%
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.

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.)

Changing subject? No
Further information none
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority