|
Instructors: Prof. Dr. Mark Mietzner
Event type:
Lecture
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Corp. Finance
Hours per week:
3
Credits:
5,0
Location:
Campus der Zeppelin Universität
Language of instruction:
German
Min. | Max. participants:
5 | 35
Course content:
Contents:
| Financial Statement Analysis
| Principles of financial mathematics for capital expenditure budgeting: present value, continuous compounding, perpetual annuity zero-bonds, etc.;
| Forms of financing: external and internal financing, mezzanine, equity financing;
| The neoclassical perspective: Finance management with technological insecurity, financing with regard to taxes and financial distress costs;
| The neoinstitutional perspective: Business finance with quality and behavioral uncertainty; the principle agent approach in business financing;
| Determination of capital costs and risk: Portfolio theory, risk-adjusted valuation (capital asset pricing model), arbitrage pricing theory.
Educational objective:
The students will
| learn principles in the areas of investment and finance (taking into consideration various theoretical perspectives);
| become competent working with the principles of financial mathematics;
| carry out independent investment appraisals;
| conduct capital cost determinations in uncertain conditions.
Mandatory literature:
Berk, Jonathan; DeMarzo, Peter: Corporate Finance, 4th Edition, 2017 Pearson, 2011.
Brealey, Richard A.; Myers, Stewart C.; Allen Franklin: Corporate Finance; 10th Edition; New York 2011.
Schmidt, Reinhard H.; Terberger, Eva (1996): Grundzüge der Investitions- und Finanzierungstheorie; 4. Auflage, Gabler, Wiesbaden.
Fridson, Martin; Alvarez, Fernando: Financial Statement Analysis; 4th Edition, Wiley & Sons, New Jersey, 2011.
|
