Syllabus

Title
0049 KMU K2c: Entrepreneurial Finance - theory and practice
Instructors
Prof. Dr. Hans Landström
Contact details
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/07/20 to 09/10/20
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Tuesday 12/01/20 01:00 PM - 03:00 PM Online-Einheit
Thursday 12/03/20 10:00 AM - 01:00 PM Online-Einheit
Thursday 12/10/20 10:00 AM - 12:00 PM Online-Einheit
Thursday 12/10/20 01:00 PM - 03:00 PM Online-Einheit
Tuesday 12/15/20 10:00 AM - 12:00 PM Online-Einheit
Tuesday 12/15/20 01:00 PM - 03:00 PM Online-Einheit
Thursday 12/17/20 10:00 AM - 12:00 PM Online-Einheit
Tuesday 01/19/21 10:00 AM - 12:00 PM Online-Einheit
Tuesday 01/19/21 01:00 PM - 03:00 PM Online-Einheit
Thursday 01/21/21 10:00 AM - 12:00 PM Online-Einheit
Tuesday 01/26/21 09:00 AM - 01:00 PM Online-Einheit
Procedure for the course when limited activity on campus

If there is a new shut down, Prof. Landström will teach this course in distance modus via Zoom!

The teaching methods, course dates, assessment criteria and attendance regulations are planned for presence learning, if we have to change to distance modus the students will be informed about changes via Learn and E-Mail immediately.

Contents

The overall aim of the course is to enhance students’ knowledge about financial management in new and small businesses. First, the course will give knowledge about the characteristics of the individuals behind new and small businesses as well as the financial characteristics of different kinds of new and small businesses. This background knowledge is important for the understanding of the financial management in new and small businesses. Second, the course will give the students’ knowledge about financial demands and the financial management of new and small businesses, seen from the perspective of the small business manager. Finally, the perspective will change, and the course will provide knowledge about the financial markets for new and small businesses, i.e., seen from the perspective of the financiers. Particularly the course will focuses on the way banks, crowd-investors, business angels and venture capitalists make their investments in small business. The course will provide students with tools and methods to analyze the need for financial resources as well as methods to analyze investment opportunities in new and small businesses. However, it should be emphasized that the course is not particularly focusing on financial calculations, but more on the decision side of new and small business finance.

Learning outcomes

A passing grade on the course will be awarded to students who are applying:

  • Knowledge about the characteristics of small business managers and their businesses.
  • Knowledge about the basics of entrepreneurial finance theories.
  • Knowledge about the financial markets for new and small businesses.
  • Understanding of the financial requirements in new and small businesses, and the financial acquisition decisions in new and small businesses.
  • Understanding the financing decisions of different kinds of investors in new and small businesses.
  • Reviewing and evaluating the various sources of finance potentially available to new and small businesses.

The course will provide the students with valuable knowledge and skills that can be used in career as entrepreneurs and small business managers, but also students that are interested in working with new and small businesses, for example, in banks, venture capital firms, and as managers in established companies as well as students who will work close to new and small businesses such as advisors, consultants, TTO managers, etc.

Attendance requirements

There is a maximum nonattendance quota of 20% in this course. Students overcoming this threshold will not receive a positive grade.

Students who have signed up for this course but do not show up in the first session without noticing via email at kmu@wu.ac.at will lose their seat in the course to other students on the waiting list.

Teaching/learning method(s)

Teaching methods will consist of lectures, case discussions, group work and seminars in which the students’ assignment will be discussed.

Assessment

During the course the students are assessed on one group assignment (written in groups of three students), and one individual written exam. Active participation in class will represent 10% of the grade, the group assignment represents 40%, and the remaining 50% of the grading are based on the individual written exam.

Grading scale:

< 61% = 5
61-70% = 4
71-80% = 3
81-90% = 2
91-100% = 1

Prerequisites for participation and waiting lists

Registration only via LPIS

max. 30 participants

Availability of lecturer(s)

kmu@wu.ac.at

Unit details
Unit Date Contents
1 01.12.2020

13.00-15.00 Uhr

Contens:

  • Introduction
  • The basics of finance of new and small businesses

Literature:

  • Landström Ch 1-2
2 03.12.2020

10.00 - 13.00 Uhr

Contens:

  • CASE: Capital budgeting in new and small businesses

Literature:

  • Compendium
3 10.12.2020

10.00-12.00 Uhr

Contens:

  • The demand for capital – empirical evidence and theoretical explanation

Literature:

  • Landström Ch 4-5
4 10.12.2020

13.00 - 15.00 Uhr

Contens:

  • CASE: Financial acquisition decisions in new and small businesses

Literature:

  • Compendium
5 15.12.2020

10.00-12-00 Uhr

Contens:

  • Supply perspective

Literature:

  • Compendium
6 15.12.2020

13.00 - 15.00 Uhr

Contens:

  • Case

Literature:

  • Landström Ch 3 and 6
7 17.12.2020

10.00 - 12.00 Uhr

Contens:

  • The supply of capital – equity capital

Literature:

  • Landström Ch 7
8 19.01.2021

10.00 - 12.00 Uhr

Assingnment: presentation

9 19.01.2021

13.00 - 15.00 Uhr

Assignment: presentation

10 21.01.2021

10.00-12.00 Uhr

Contens:

  • Sum-up/Guest lecture

Literature:

  • Landström
11 26.01.2021

09.00-13.00 Uhr

Written Exam

Last edited: 2020-11-26



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