Corporate Finance

Faculty of Business Management and Social Sciences

Version 7.0 of 10/19/2017

22B0699

Corporate Finance

International Management (B.A.)

3

• Part 1: Finance, financial markets und objectives
• 1. The role of financial management
• 2. Objectives of the CFO
• 3. Financial markets
• 4. Corporate Governance
  
  Part 2: Cash-Flow-Management
• 1. Definition of Liquidity
• 2. Derivation of cash flows
• 3. Importance of liquidity
  
  Part 3: Risks and Return
• 1. Risk dimension
• 2. Relationship between Risk and Return
• 3. Measuring the Cost of Equity
• 4. Measuring the Cost of Debt (Credit Risk, Rating)
• 5. The Weighted-Average Cost of Capital
  
  Part 4: Shareholder Value and Valuation
• 1. Concept of present values
• 2. Valuing long-lived assets
• 3. Valuing of financial assets (stocks, bonds)
  
  Part 5: Optimal Capital Structure
• 1. Meaning of equity and debt
• 2. Leverage effect
• 3. Tax issues
• 4. Rating influences
  
  Part 6: Financing
• 1. Internal versus external finance
• 2. Equity financing
• 3. Debt financing
• 4. Mezzanine financing
  
  Part 7: Managing financial risks
• 1. Interest Rate
• 2. Foreign Exchange Rate
• 3. Political Risks

Knowledge Broadening
The students dispose of theoretical and practical knowledge in the sectors finance, risk, liquidity and rating. They are able to use this knowledge with methodical instruments and analytical and communicative competencies.
Knowledge Deepening

Instrumental Skills and Competences

Communicative Skills and Competences

Systemic Skills and Competences

lectures, seminars

None

Kruth, Bernd-Joachim

• Arnsfeld, Torsten
• Kruth, Bernd-Joachim
• Seppelfricke, Peter

5

will be announced at the beginning of the semester

• Viva Voce
• Homework / Assignment
• Two-Hour Written Examination
• Oral Presentation / Seminar Paper

graded examination

1 Term

Winter and Summer Term

English