wir837 - Advanced Corporate Finance (Complete module description)

Module label	Advanced Corporate Finance
Module code	wir837
Credit points	6.0 KP
Workload	180 h
Institute directory	Department of Business Administration, Economics and Law (Economics)
Applicability of the module	Master of Education Programme (Vocational and Business Education) Economics and Business Administration (Master of Education) > Mastermodule Master's Programme Business Administration, Economics and Law (Master) > Schwerpunkt "Accounting, Finance, Taxation" (AFT) (MPO2020) Master's Programme Business Administration, Economics and Law (Master) > Schwerpunktmodule AFT - BWL Master's Programme Business Administration, Economics and Law (Master) > Schwerpunktmodule RdW - BWL Master's programme Business Administration: Management and Law (Master) > Schwerpunktmodule AFT - BWL Master's programme Business Administration: Management and Law (Master) > Schwerpunktmodule RdW - BWL
Responsible persons	Lehrenden, Die im Modul (authorised to take exams) Prokop, Jörg (module responsibility)
Prerequisites
Skills to be acquired in this module	The course provides insights into the empirical analysis of firms’ financing and investment decisions. We discuss theoretical foundations of long-term financing, capital structure choice, cost of capital determination, capital market efficiency, and corporate takeover decisions as well as respective empirical findings. Moreover, you will learn how to build financial models, handle financial data, and conduct financial analyses using the statistical software R."
Module contents	The course covers key concepts of modern corporate finance in theory and practice. In particular, we focus on how investment and financing decisions affect the value of the firm. Among the topics discussed are: • Fundamental analysis and capital market efficiency. • Cost of debt and equity capital. • Business valuation models based on dividends, cash flows, and (abnormal) earnings. • Capital structure and dividend policy. • Advanced valuation issues.
Recommended reading	• Benninga: Financial Modeling, latest edition, Cambridge (Mass.) • Hillier / Ross / Westerfield / Jaffe / Jordan: Corporate Finance, European edition, latest edition, Berkshire • Penman: Financial Statement Analysis and Security Valuation, latest edition, Boston (Mass.) • Titman / Martin: Valuation, latest edition, Boston (Mass.) Further readings may be announced during the course.
Links	http://www.uni-oldenburg.de/en/fiwi_bbl/
Languages of instruction	German, English
Duration (semesters)	1 Semester
Module frequency	jährlich
Module capacity	unlimited

Type of course	SWS	Frequency	Workload of compulsory attendance
Lecture (ggf. mit Übung)	4	--	56
Exercises		SuSe or WiSe	0
Total module attendance time			56 h

Examination	Prüfungszeiten	Type of examination
Final exam of module	typically at the end of the semester; potential mid-term examination dates will be announced in the first session	1 term paper (Hausarbeit) or 1 written exam (Klausur) or 1 oral exam (mündliche Prüfung) or 1 Portfolio