Corporate Valuation without and with Personal Taxes Module: M.WIWI-BWL.0180
Note
All information about course content, registration, and schedule can be found here as a PDF.
Learning outcomes, core skills:
After completing this course, the students deeply understand valuation with discounted cash flow methods under different financing strategies. Particular emphasis is placed on incorporating personal taxes into valuation and understanding the relationship between valuation without and with personal taxes. For all cases, students learn how to adjust the cost of equity to leverage and determine a firm’s value with two-stage models. Additionally, the effects of the consideration of share repurchases on the value of a firm are integrated into the valuation models. The course not only provides theoretical competencies, but by implementing various exercises in Excel, the participants gain various practical skills in valuation
Brief overview
What?
When?
Offering frequency
every winter semester
Type of event
Lecture an exercise
Teaching format
Online via Zoom meetings
Recommended prior knowledge
M.WIWI-BWL.0085 Finance, Management Accounting and Sustainability Accounting
Type of examination
Processing of case studies with Excel in group work
