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Theory of the Firm

Theory of the Firm

Module Coordinator/Lecturers
Study Programmes
Doctoral degree programme in Business Economics
Module number:
2704661
Semester:
SS 09
ECTS Credits:
5
Courses:
40 L / 30 h
Self-study:
120 h
Scheduled Semester:
1

Leadership and strategies

Leadership and strategies

Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Banking and Financial Management
Master's degree programme in Banking and Financial Management
Project Description
  • Leadership Styles
  • Significance of Power
  • Motivation Approaches
  • Techniques for Conducting Negotiations
  • Analysis of Body Language
  • Analysis Instruments and their Application
  • Reaction to Change of Framework Conditions
  • Critical Observation of Competitors
  • Strategic Concepts and their Application
  • Dealing with Bank-Specific Controlling Instruments and Information Media
  • Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest Methods, Capital Resources Requirement and Differing Economic Scenarios
Teaching Method
Interactive lecture, exercises
Learning Objectives
After completion of the module, the students have at their command essential abilities regarding corporate governance and are familiar with vital principles of strategic management. They integrate various leadership styles in their dealings and are knowledgeable concerning the management of employees and business development. They are able to conduct negotiations to their advantage by expertly representing their standpoints, by communicating the correct body language and by correctly interpreting the body language of their negotiating partner.
Additionally, they are familiar with the prevalent and current insights on strategic management, in particular in the area of financial services. They apply differentiated strategies to various business segments of a financial services undertaking, but are also familiar with the coherencies and interaction between differing sectors.
Assessment Methods
1 Written exam with 60 minutes duration
1 Assignment
1 Presentation
Class participation
Examination
Web-based online evaluation upon completion of module
Module number:
2803787
Semester:
WS 09/10
ECTS Credits:
5
Courses:
54 L / 41 h
Self-study:
110 h
Language:
English
Scheduled Semester:
3

Business process implementation

Business process implementation

Module Coordinator/Lecturers
Study Programmes
Master in Business Information Systems
Master's degree programme in IT and Business Process Management
Project Description
  • Einführung in BPI (Business Process Implementation)
    • SAP Netweaver
    • SAP Programmiermodelle
    • ABAP Objects

    • SAP Werkzeuge
    • Composite Application Framework
    • xApps
    • Einführungsleitfaden (Implementation Guide)
    • Business-AddIns
Teaching Method
Interaktive Vorlesungen, Übungen, Fallstudien
Learning Objectives
Ziel des Moduls Business Process Implementation (BPI) ist es, die Studierenden mit Konzepten der technischen Realisierung der in der BPA erarbeiteten Analyseergebnisse zu befähikgen. In Unternehmen werden sog. Enterprise Ressource Planning (ERP) Systeme eingesetzt, in denen entsprechende Anpassungen vorzunehmen sind. Anpassungen können tweilweise durch ein sog. Customizing erfolgen. Zum Teil erfordern sie aber auch Anpassungsentwicklungen mit entsprechenden Entwicklungsumgebungen. Beide Fähigkeiten werden den Studierenden im Modul BPI vermittelt.

Als Anwendungsobjekt wird das System SAP R/3 eingesetzt, das als Weltmarktführer für ERP-Systeme gilt. Die Studierenden lernen hier Konzepte kennen und praktisch anwenden, die sie auf andere ERP-Systeme übertragen können. Die Qualifikationsziele des Moduls und die von den Studierenden erworbenen Kompetenzen sind:

Die Teilnehmer sind mit der Anpassung von Geschäftsprozessen durch die Anwendung von Standardsoftware vertraut. Sie verfügen über ein sehr detailliertes Wissen und ein kritisches Verständnis dieses Teilgebiets der Anwendung von Informationssystemen.
Module number:
2904188
Semester:
SS 10
ECTS Credits:
10
Courses:
45 L / 34 h
Self-study:
266 h
Language:
English/German
Scheduled Semester:
2

Master thesis

Master thesis

Study Programmes
Master's degree programme in Banking and Financial Management
Project Description
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Lecture dealing with a research question in their specialised area
  • Defending of their lecture and specialised discussion with the examination board
Learning Results
After completion of the module, the students have acquired a detailed knowledge and a critical understanding of their research topic.

They have at their disposal specialised knowledge of methods and procedures for processing data and explaining it in a structured manner. The yexhibit originality and creativity in the application of their knowledge. The students complete research and development projects, applying specialised research methods, survey and development techniques by drawing on their previously acquired skills. Additionally, they present the significant findings of their project to specialists as well as laities, thereby utilising various communication methods in order to illustrate complex data on a scientific level.
Examination
Web-based online evaluation upon completion of module
Module number:
2904198
Semester:
SS 10
ECTS Credits:
30
Courses:
30 L / 23 h
Self-study:
878 h
Language:
English
Scheduled Semester:
4

Growth strategies

Growth strategies

Module Coordinator/Lecturers
Study Programmes
Master in Entrepreneurship
Master's degree programme in Entrepreneurship
Master's degree programme in Entrepreneurship - Major Finance
Master's degree programme in Entrepreneurship
Project Description
  • Wachstum in der Unternehmensentwicklung.
  • Wachstumsstrategien junger Unternehmen.
  • Rolle der Lead Users im Innovationsprozess.
  • Franchising als Expansionsstrategie.
  • Unternehmerteams in der Wachstumsphase.
  • Aktueller Forschungsstand über das Wachstum junger Unternehmen.
Teaching Method
Interaktive Vorlesung mit Übungen, komplexe Fallstudien, zweitägige Simulation Grow2, Impulsreferate von Unternehmern in Zusammenarbeit mit dem Pioneers Club der Studentenorganisation START Liechtenstein.
Learning Results
Die Lernergebnisse des Moduls sind:
  • Wachstum in der Entwicklung junger Unternehmen erklären.
  • Kritische Ereignisse in der Entwicklung junger Unternehmen ermitteln.
  • Strategische Optionen junger Unternehmen erläutern und auf Praxisfälle in der Region anwenden.
  • Lead Users identifizieren und für konkrete Projekte auswählen.
  • Franchising als Multiplikationsstrategie junger Unternehmungen problematisieren.
  • Chancen und Herausforderungen für das Unternehmerteam in der Wachstumsphase erklären.
  • Aktuelle Forschungsergebnisse über das Wachstumsmanagement junger Unternehmen zusammenfassen und beurteilen.
Assessment Methods
Es gibt eine schriftliche Modulprüfung mit 90 Minuten Bearbeitungszeit, die mit 70% gewichtet wird. Die Simulation Grow2 wird mit 30% gewichtet.
Module number:
2903925
Semester:
SS 10
ECTS Credits:
5
Courses:
45 L / 34 h
Self-study:
116 h
Language:
English/German
Scheduled Semester:
2

Growth financing

Growth financing

Module Coordinator/Lecturers
Study Programmes
Master in Entrepreneurship
Master's degree programme in Entrepreneurship
Master's degree programme in Entrepreneurship - Major Finance
Master's degree programme in Entrepreneurship
Project Description
  • Zusammenhang zwischen Wachstum und Finanzierungsbedarf
  • Abstimmung von Investitions- und Finanzierungsentscheidungen im Unternehmen
  • Finanzierungsquellen im Überblick und deren Anwendung für Unternehmen in der Wachstumsphase
  • Kenntnisse von Lösungsansätzen für Probleme aufgrund von Informationsasymmetrien zwischen Kapitalgebern und Entrepreneur
  • Steuern bei Wachstumsunternehmen
  • Verhandlungstechniken
Teaching Method
Interaktive Vorlesung mit Übungen, Impulsreferate von Unternehmern und Finanzdienstleistern, komplexe Fallstudien in Gruppen
Learning Results
Die Lernergebnisse des Moduls sind:
  • Finanzwirtschaftlich relevante Themen bei der Wachstumsfinanzierung beschreiben
  • Finanzierungsquellen und Finanzierungsinstrumente bewerten
  • Mezzanine-, Kreditfinanzierung, Leasing, Factoring, Private Equity sowie die Finanzierung über die Börse analysieren
  • Lösungsansätze für Probleme aufgrund von Informationsasymmetrie zwischen Kapitalgebern und Entrepreneur aufzeigen
  • Relevante Aspekte der Besteuerung in einem Wachstumsunternehmen darlegen
  • Verhandlungstechniken
Module number:
2903928
Semester:
SS 10
ECTS Credits:
5
Courses:
53 L / 40 h
Self-study:
110 h
Language:
English/German
Scheduled Semester:
2

International corporate finance

International corporate finance

Study Programmes
Master's degree programme in Banking and Financial Management
Master's degree programme in Entrepreneurship - Major Finance
Project Description
  • Global Financial Environment
  • International Parity Conditions and Exchange Rates
  • The Foreign Exchange Market and Derivatives
  • Foreign Exchange Exposure
  • Financing and Investing in the Global Firm
  • Working Capital Management
  • Investment and Financing Decisions in Entrepreneurial Settings
  • Deal Structuring
  • Evaluation Instruments for Entrepreneurial Ventures
  • Harvesting Strategies
  • Discussion of the Methods of Individually Selected Journal Articles
Teaching Method
Interactive lecture, exercises, seminar
Learning Results
  • They have at their disposal comprehensive and integrated knowledge regarding the majority of core issues in International Business Finance und Entrepreneurial Finance and have an analytical comprehension of the procedures and methods of the field.
  • With their knowledge and their abilities they are able to independently solve problems in International Business Finance and Entrepreneurial Finance.
  • They apply procedures and techniques that are specialised and consistently state-of-the-art.
  • They identify, conceptualise and define new and abstract issues and problems in international corporate finance and entrepreneurial finance and communicate understandably with professionals and laities.
  • They prepare research papers on assigned topics or smaller empirical or analytical research projects, while applying exacting technical procedures and methods.
  • They relate the results of their own seminar project in a presentation and answer questions.
  • They communicate on a professional level in front of an audience reflecting various degrees of expertise and in front of specialists.
  • They critique the projects of other seminar participants and scrutinise their remarks.
Assessment Methods
> 1 Assignments
> 1 Exam
> 1 Term papers
> 1 Presentation
Examination
Web-based online evaluation upon completion of module
Module number:
2904193
Semester:
SS 10
ECTS Credits:
10
Courses:
101 L / 76 h
Self-study:
224 h
Language:
English
Scheduled Semester:
2

Derivatives, financial engineering and risk

Derivatives, financial engineering and risk

Study Programmes
Master's degree programme in Banking and Financial Management
Project Description
  • Instruments on the Futures Market: Forwards, Futures, Options and Swaps
  • Significance of Yield Curve
  • Evaluation of Forwards, Futures and Swaps
  • Characteristics of Option Prices
  • Evaluation of Options According to Black/Scholes and Binomial Model
  • Derivative Elements in Structured Products
  • "Greeks" and Volatility Smiles
  • Exotic Options
  • Selected Aspects of Risk Management (e.g. Value at Risk, Backtesting, Stress Testing)
  • Hedging Strategies
  • Financial Engineering of Various Finance Instruments
Teaching Method
Interactive lectures with exercises
Learning Objectives
After completion of the module, the students recognise the most significant derivative instruments and the particularities of financial engineering. They have at their disposal comprehensive knowledge of the significant principles governing determination and evaluation of derivatives and are able to mirror the current stage of research on financial engineering.

Additionally, they master advanced hedging procedures, which they apply in a target-oriented manner in the areas of risk management. Because of their acquired specialised knowledge, they are able to meet complicated challenges in financial engineering. They are also able to identify and conceptualise abstract problems, such as the preparation of a special risk-profit profile.
Learning Results
  • Utilising and identifying financial instruments and their application in practice
  • Taking into consideration the yield curve in the evaluation of derivatives and relating to it
  • Differentiating valuation approaches for forwards, futures, swaps and options as well as exotic options.
  • Explaining the use of ¿Greeks¿ and volatility smiles
  • Illustrating the fundamentals of risk management
  • Contrasting special risk management concepts
  • Developing and examining hedging strategies as a means of risk reduction
  • Analysing financial engineering for various financial instruments
Assessment Methods
1 Written exam with 120 minutes duration
Examination
Web-based online evaluation upon completion of module
Module number:
2904192
Semester:
SS 10
ECTS Credits:
5
Courses:
54 L / 41 h
Self-study:
110 h
Language:
English
Scheduled Semester:
2

Case studies in banking

Case studies in banking

Study Programmes
Master's degree programme in Banking and Financial Management
Project Description
  • Review of relevant economic concepts and topics
  • International Monetary Trade
  • Portfolio and Asset Management
  • Banking
  • Discussion of Case Studies
Teaching Method
Interactive lectures, case studies
Learning Results
After completion of the module, the students are able to recognise and analyse challenges in the practice of banking. They can explain suggestions for solutions and thereby integrate their theoretical knowledge. In discussions with instructors and fellow students they are able to assess basic approaches to solutions, to suggest their own solutions and to enlarge on concepts.
Assessment Methods
  • 1 Written exam with 60 minutes duration
  • 1 Assignment
  • Class participation
Examination
Web-based online evaluation upon completion of module
Module number:
2904195
Semester:
SS 10
ECTS Credits:
5
Courses:
54 L / 41 h
Self-study:
110 h
Language:
English
Scheduled Semester:
2

Capital markets and investment banking

Capital markets and investment banking

Study Programmes
Master's degree programme in Banking and Financial Management
Master's degree programme in Entrepreneurship - Major Finance
Project Description
  • Function of Financial Markets
  • Regulation of the Financial System
  • Monetary Policy
  • Banking Regulation
  • Going Public IPO`s
  • Underpricing and Underperformance
  • Merger and Acquisitions Process
  • Merger Motives
  • Defence Measures
  • The Role of Investment Funds in Investment Banking
  • Hedge Funds and Private Equity Funds
Teaching Method
Interactive lectures, exercises
Learning Results
After completion of the module, the students have at their disposal comprehensive knowledge in the specialised area of investment banking, so that they are readily able to integrate theoretical knowledge of financial markets and relate various views to each other. They understand how both subject areas are connected and are able to mirror the current state of research.

Furthermore, they conduct research projects within a specified framework, while applying advanced investigative techniques. Thus they identify and define new and abstract problems and develop appropriate solutions in dealing with them. Their detailed solutions, developed together with colleagues as well as peers, are presented to an audience of experts.
Examination
Web-based online evaluation upon completion of module
Module number:
2904194
Semester:
SS 10
ECTS Credits:
5
Courses:
54 L / 41 h
Self-study:
110 h
Language:
English
Scheduled Semester:
2
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