Syllabus

Title
0493 Y2CO Corporate Finance
Instructors
o.Univ.Prof. Dr. Stefan Bogner
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/01/21 to 09/24/21
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day Date Time Room
Thursday 11/04/21 02:00 PM - 06:00 PM Online-Einheit
Thursday 11/11/21 09:00 AM - 01:00 PM Online-Einheit
Wednesday 12/15/21 09:00 AM - 01:00 PM Online-Einheit
Wednesday 01/12/22 09:00 AM - 01:00 PM Online-Einheit
Wednesday 01/26/22 09:00 AM - 11:00 AM Online-Einheit

Contents

This course builds on Principles of Finance and examines important issues in corporate finance from the perspective of financial managers who are responsible for making significant financing and investment decisions. You will learn how investment and financing decisions interact to affect the value of the firm and how management can evaluate operating decisions, taking into account taxes and uncertainty.

There are two building blocks: In part 1, you will learn important foundations of valuation and capital structure. In part 2, we investigate the effects of financial distress, managerial incentives, and information. Throughout the course we apply the learned theory on real world problems.

Learning outcomes

After completing this course the student will have the ability to:

  • understand the most important determinants of a firm's financial structure
  • understand how the market value of a firm will be affected by financial decisions
  • incorporate the effects of time, uncertainty, taxes, and incentives on the present value of firm cash flows

Moreover, the course contributes to students' ability to:

  • demonstrate effective team skills in order to contribute appropriately to the production of a group output
  • work and communicate effectively alone and in a team situation and to function as a valuable and cooperative team member
  • structure complex problems

Attendance requirements

Full attendance is compulsory. This means that students should take part in all projects and all online tests and that students should attend at least 80% of all lectures, at most one lecture can be missed.

Teaching/learning method(s)

The material builds on Principles of Finance and selected chapters from Corporate Finance by Berk and DeMarzo. Please make sure that you brush up on the material you covered in Principles of Finance and read the relevant chapters in Berk and DeMarzo. In the first class we will summarize the knowledge needed from the Principles of Finance by rushing through the chapters 1 to 13 from Corporate Finance by Berk and DeMarzo.

An important part of the course is to apply what we learned. I will form teams in which you analyze a company of your choice. This analysis is divided into 4 projects.

For all projects of the case study each team has to prepare a presentation which last exactly 10 minutes. Findings and presentations have to be uploaded in time under ‘assignments’ @MyLearn.

 

Assessment

Grades will be based on:

  • Case study (=analyzing a company) divided into 4 projects (4 times 15 points)
  • 4 online tests (4 times 10 points)

Prerequisites for participation and waiting lists

Successful completion of the classes: Financial Markets and Instruments, Principles of Finance, Microeconomics.

Readings

1 Author: Jonathan Berk, Peter DeMarzo
Title:

Corporate Finance


Publisher: Pearson
Edition: 3rd, 4th or 5th global edition
Year: 2014
Recommendation: Essential reading for all students
Type: Book

Availability of lecturer(s)

stefan.bogner@wu.ac.at

Meeting by appointment via email.

Other


Last edited: 2021-06-16



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