CORPORATE FINANCIAL MANAGEMENT

Zielgruppe:

Bachelorstudierende der wirtschaftswissenschaftlichen Fakultät




Sprache:

Englisch




Erwartete Vorkenntnisse:

Einfürhung in die Finanzwirtschaft, Finanzmärkte & Bewertung




Prüfung:

Klausur: 60 Min. (6 CP)




Prüfungngsanforderungen:

The examination requirements for this module entail demonstrating a comprehensive understanding of key issues in corporate financial management and their interconnections. This includes documenting knowledge of risk assessment methods and capital budgeting under risk, alongside their practical application. Students must show a thorough understanding of cost of capital determination, concepts of market efficiency, and behavioral biases, as well as their implications for firms’ financial decisions. Analyzing decisions on capital structure and payout policy requires a clear grasp of various market frictions and agency problems.




Vorraussetzungen:

Keine




Qualifikationsziele/Kompetenzen:

After successful completion of the course students will be able to:

• give an overview of major problems in corporate financial management, how they arise and how they are related,


• understand, apply and critically reflect on central methods of risk assessment and investment decision making,


• understand and critically reflect on the determinants of a firm’s cost of capital,


• understand and critically reflect on the efficient market hypothesis and its consequences for corporate financial decision making,


• understand and critically reflect on behavioral aspects in corporate financial management,


• understand firm’s capital structure and payout decisions and being able to relate such decisions to various market frictions and agency problems,


• analyze major theories of optimal capital structure and payout policy with respect to their practical implications and their ability to explain observed financing behavior.

Inhalte der Vorlesung:

• 1. Fundamentals of Corporate Financial Management


• 2. Investment Decisions: Risk Analysis and Subjective Valuation


• 3. Investment Decisions: Capital Markets and Determinants of the Cost of Capital


• 4. Financing Instruments, Efficient Capital Markets, Behavioral Finance und Financing Decisions


• 5. Capital Structure Decisions


• 6. Dividends and Payout Decisions