[ 973GMCCCFIK22 ] KS (*)Corporate Finance

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Workload Ausbildungslevel Studienfachbereich VerantwortlicheR Semesterstunden Anbietende Uni
6 ECTS M1 - Master 1. Jahr Betriebswirtschaftslehre Helmut Pernsteiner 2 SSt Johannes Kepler Universität Linz
Anmeldevoraussetzungen (*)keine (die Zulassung zum Studium vorausgesetzt)
Quellcurriculum Masterstudium Management 2023W
Ziele (*)This course aims to:

  • Introduce the theory and practice of corporate finance as well as topics in corporate financial architecture (e.g., corporate governance and CSR issues [Environmental, Social and Governance]).
  • Equip students with a profound understanding of the role of financial management in creating shareholder value.
  • Combine theory with practice in order to understand what corporate finance professionals should do to increase company value and shareholder wealth.
  • Enable students to integrate theoretical concepts and models in finance with practical application to business situations.
  • Provide students with different tools for financial management in practice.

Learning outcomes

On successful completion of this course, the students will be able to:

  • LO1: Recall relevant theory for both investment and financial decisions and recall the role of financial management in a profit organization. [Subject knowledge]
  • LO2: Discuss and evaluate social and ethical issues relating to financial management. [cognitive & transferable skills; intellectual skills]
  • LO3: Apply decision making skills related to financial management and perform financial analysis, valuation of projects and corporations. [practical oriented skills]
  • LO4: Demonstrate the ability to formulate and present a concise, insightful financial analysis which exposes issues logically and coherently. [social skills/subject knowledge]
  • LO5: Create new M&A strategies and analyze potential target firms. [practical oriented skills/intellectual skills]
  • LO6: Understand and evaluate a company’s financial decisions with regard to its working capital and value management. Being able to develop strategic opportunities and make better managerial decisions. [practical oriented skills/intellectual skills]
Lehrinhalte (*)The course aims to provide an in-depth understanding of the main theoretical concepts of corporate finance and their practical applications, with an emphasis on corporate valuation. Students gain a solid foundation and tools for analyzing and understanding key financial decisions (investing, financing and strategic decisions) that have to be made in financial management. The course enables students to put theoretical concepts and models in finance into practice using real-live problems.

Overall content:

  • Shareholder Value and Corporate Social Responsibility (CSR): Good corporate governance and value management practices; ethics (CSR) and stock value maximization.
  • Financial statements and reports: Applying financial analysis, e.g. dealing with financial ratios and the cash flow statement; working capital management.
  • The cost of capital: Risk, return and cost of capital, e.g. CAPM and WACC.
  • Company valuation and value management: Applying various valuation methods like market multiples analysis and discounted cash flow (DCF) method.
  • Key financial and investment decisions: capital budgeting techniques, mergers and acquisitions, enterprise risk management.
Beurteilungskriterien (*)In total, students have the possibility to reach 80 points, 60 (75 %) for the exam and 20 (25 %) for the group work and its presentation. A minimum of 30 points at the exam is necessary in order to obtain a positive grade.

  1. Exam: Individual exam, there is a possibility to repeat it in case of negative results or scheduling issues (retry exam). The exam consists of open and closed questions. It lasts 60 minutes.
  2. Case Study (group work) and presentation. Two case studies require students to apply the skills and experience from the course related: (1) Financial analysis and (2) M&A to real-life examples.

Feedback culture: Feedback includes group feedback during the preparation of the group works (mandatory), at the end of the presentations (mandatory) as well as individual feedback (one-to-one conversation) from the course leaders at the end of the course (voluntary).

Synchronization of learning outcomes and assessments:

  • LO1: Written Exam
  • LO2: Written Exam + Case Study + Case Study presentation
  • LO3: Written Exam + Case Study
  • LO4: Case Study + Case study presentation
  • LO5: Case Study + Case study presentation
  • LO6: Written Exam
Lehrmethoden (*)The course uses a combination of different teaching methods in order to

  1. maximize the motivation and attention of the students.
  2. address the learning objectives in the didactically best way.

This includes the following

  • Teacher-centered information inputs, supported by slides and literature
  • Self-directed learning, supported by literature
  • Large and small group discussions and analysis, debates
  • Case studies of a real companies in group works, which are elaborated, presented and discussed in-class
  • Use and training of various tools, often with the help of IT, in small groups
  • Interactive processing of case studies in small groups in-class
Abhaltungssprache Englisch
Literatur (*)
  • Brigham and Ehrhardt, Financial Management: Theory and Practice, 16th edition, Cengage Learning (ISBN: 978-1-337-90260-1).
  • Power Point Slides
  • Calculations/tools/instruments of financial management
  • Articles from journals (e.g. WSJ)
  • Podcasts

(Relevant materials can be retrieved from Moodle and/or will be announced in class.)

Lehrinhalte wechselnd? Nein
Sonstige Informationen (*)For quality assurance and improvement purposes, please participate in all JKU course evaluations and surveys!
Frühere Varianten Decken ebenfalls die Anforderungen des Curriculums ab (von - bis)
973GMCPCFIK19: KS Corporate Finance (2019W-2022S)
973GMCPCFIK10: KS Master Course Corporate Finance (2010W-2019S)
Teilungsziffer 200
Zuteilungsverfahren Zuteilung nach Vorrangzahl