CORPORATE FINANCIAL MANAGEMENT



B.WIWI-BWL.0089




Dozierende:

Prof. Dr. Olaf Korn











Prüfung:

Klausur: 60 Min. (6 CP)




Empfohlene Vorkenntnisse:

Finanzwirtschaft des Unternehmens, Finanzmärkte und Bewertung






Prüfungssanforderungen:


  • Demonstrate a comprehensive understanding of major issues in corporate financial management and how they are connected.

  • Document an understanding of methods of risk assessment and capital budgeting under risk and their application.

  • Demonstrate a thorough understanding of how the cost of capital can be determined.

  • Show a profound understanding of the concepts of market efficiency, behavioral biases, and their implications for firms’ financial decisions.

  • Show the ability to analyze decisions on capital structure and payout policy routed in a clear understanding of various market frictions and agency problems.






Qualifikationsziele/Kompetenzen:

After successful completion of the course students will be able to:


  • give an overview of major problems in corporate financial management, how they arise and how they are related,

  • understand, apply and critically reflect on central methods of risk assessment and investment decision making,

  • understand and critically reflect on the determinants of a firm’s cost of capital,

  • understand and critically reflect on the efficient market hypothesis and its consequences for corporate financial decision making,

  • understand and critically reflect on behavioral aspects in corporate financial management,

  • understand firm’s capital structure and payout decisions and being able to relate such decisions to various market frictions and agency problems,

  • analyze major theories of optimal capital structure and payout policy with respect to their practical implications and their ability to explain observed financing behavior.






Inhalte der Vorlesung:


    1. Fundamentals of Corporate Financial Management

    2. Investment Decisions: Risk Analysis and Subjective Valuation

    3. Investment Decisions: Capital Markets and Determinants of the Cost of Capital

    4. Financing Instruments, Efficient Capital Markets, Behavioral Finance and Financing Decisions

    5. Capital Structure Decisions

    6. Dividends and Payout Decisions