Tuesday: 08:15 - 09:45, weekly (from 11/04/23), Location: A07 0-030 (Hörsaal G) Dates on Friday, 28.07.2023 14:30 - 15:30, Thursday, 14.09.2023 16:00 - 18:00, Thursday, 12.10.2023 08:00 - 09:00, Location: A11 1-101 (Hörsaal B), A14 1-101 (Hörsaal 1), A14 1-102 (Hörsaal 2) (+2 more) This course is an introduction to corporate finance. It covers typical tools and techniques used by financial managers in making investment and financing decisions, and it provides insights into their theoretical foundations. The concept of time value of money and net present value is discussed in detail, first under certainty, and then in the presence of uncertainty. We will examine the relationship between an investment’s risk and its return, and discuss ways to derive risk-adjusted cost of equity capital. In addition, the course provides insights into firms’ main sources of equity and debt financing, like shares, bonds, bank loans, or private equity. The topics covered in the course are relevant to decision-making in various areas of business management, including operations management, marketing, and in particular corporate strategy.
• understand the role corporate finance plays in today’s business environment, • are able to make consistent investment decisions based on established financial models both under certainty and under uncertainty, • are able to place these models in within the broader context of economic theory, including both neoclassical theory and principal-agent theory, • are able to assess the limitations of these models, • analyze firm’s main sources of (long-term) financing.