Corporate Finance
Corporate Finance
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Innovative Finance (MSc IF 24)
(01.09.2024)
Project Description
This course covers advanced concepts in corporate finance, including cost of capital and capital budgeting, discounted cash flow valuation, financial multiples, payout policy, equity and debt financing, applications of option pricing theory, corporate control and recapitalizations, and enterprise risk management (ERM). The course aims to integrate theoretical knowledge with practical applications to solve real-world financial problems.
- Key topics covered in this course include:
- Cost of capital and capital budgeting
- Discounted cash flow valuation and financial multiples
- Payout policy
- Equity and debt financing
- Applications of option pricing theoryCorporate control and recapitalizations
- Enterprise Risk Management
Teaching Method
- Lectures and interactive discussions
- Case studies and practical applications
- Group projects and presentations
Learning Results
- After successful completion of the course, students will
Professional competence
- apply relevant concepts of corporate finance at an advanced level.
- integrate and implement theoretical knowledge to solve practical financial problems.
- explain coherences in financial divisions of globally competitive firms.
Methodological competence
- analyse and evaluate cost of capital and capital budgeting decisions.
- apply discounted cash flow valuation and financial multiples.
- develop and assess payout policies and financing decisions.
Social competence
- participate in critical dialogue within team projects.
- communicate complex financial concepts effectively.
Personal competence
- enhance ability to manage and execute finance-related projects.
- develop critical thinking and problem-solving skills in corporate finance contexts.
Technological competence
- utilize financial analysis software for valuation and budgeting.
- apply option pricing models and ERM tools.
Literature
- Brealey, R., Myers, S. C., & Allen, F. (2014). Principles of corporate finance (11th ed.). Maidenhead: McGraw-Hill.
- Hillier, D., Grinblatt, M., & Titman, S. (2012). Financial markets and corporate strategy (2 nd ed.). New York: McGraw-Hill.
- Lam, J. (2014). Enterprise risk management: From incentives to control (2nd ed.). Hoboken: John Wiley & Sons. [Chapter 4]
Assessment Methods
Final written exam - presentation