This course will take place in a hybrid mode.

It starts with three online sessions (21.10./18.11./26.11.) covering the course book "Fundamentals of Corporate Finance" by Brealey/Myers/Marcus (International edition, 2020). The online sessions will consist of theoretical input and individual/team quizzes. Contents will be examined in a take-home exam to be handed in after the three online sessions.

Afterwards we will have five sessions in hybrid mode: 50% of course participants will be present in the lecture theatre, the other 50% will join the lectures online. This will be switched for every one of the five lectures (02.12./14.12./13.1./18.1./20.1.). These sessions will consist of advanced and applied topics in entrepreneurial finance, interactive, with guest lectures.

The last session (26.1.) will be a paper-pencil exam taking place in a large lecture theatre. All participants will be present.

For international students who are unable to attend the lectures we will provide online participation options, contribution possibilites and ensure equivalent fulfilment possibilities for grading.

This course provides a holistic view on entrepreneurial finance, along the whole life cycle of a corporation, from starting up to exiting. it strives to enhance participants' capabilities towards a strong command of fundamentals of finance, a sharp eye on the financial perspective of entrepreneurial challenges, oscillating financial design and a structured way of dealing with future uncertainties.

· Determine a suitable valuation and deal structure for an investment into a private company

· Determine the degree to which an entrepreneurial opportunity is attractive

· Analyse a company’s accounting and reporting information

· Work with classic and alternative financing opportunities

Attendance to online and hybrid sessions is mandatory.

Formal lecture

Applied cases

Experiental probing

30% Take-home exam on topics of the online sessions

30% Case studies and financial modelling (with real-life companies, online and in-class)

30% Final Exam (paper & pencil)

10% Participation points (individual contributions to in-class assignments)

100%

This is a foundations course of the first semester.

A general understanding of income statement, balance sheet and cash flow statement (and how they are usually intertwined) and a glimpse of asset pricing.

Lecturer: michael.koenig@wu.ac.at

Tutor: tbd

Michael König is a tenured Senior Lecturer at the Department of Strategy and Innovation at WU. From 1997-2009, he served in several senior management practice functions, including C-suite positions in the luxury goods industry, before switching back to Academia in 2010. This makes him one of those rather exotic persons at a university, who are experienced in both worlds, practice and theory. He earned a PhD in Economics and Social Sciences from the University of Vienna and received an MBA in General and Strategic Management from the Cass Business School, City University of London. He is alumnus of the Oxford Scenarios Programme, Saïd Business School, University of Oxford. His enthusiasm and passion for teaching is recognized by the WU Excellence in Teaching Award 2015 and 2016, and with nominations for it in all consecutive years. In 2020 he received the WU Excellence in Teaching Award a third time. 2018, he was nominee for the prestigious Global Teacher Prize. He is an experienced strategist and foresighter, and is fascinated to work together with seasoned executives, post-grads and first-year students alike. He loves to have an interdisciplinary view reaching out to other arenas of science as well as to arts and humanities.