Corporate Finance

Module: Corporate Finance (6 Credits)
Name in diploma supplement	Corporate Finance
Responsible	Prof. Dr. Heiko Jacobs
Admission criteria	See exam regulations.
Workload	180 hours of student workload, in detail: Attendance: 60 hours Preparation, follow up: 75 hours Exam preparation: 45 hours
Duration	The module takes 1 semester(s).
Qualification Targets	Students get familiar with modern concepts and methods of analyzing optimal financial decision making in corporations can evaluate the empirical validity of leading models and apply them to solve real-world problems in corporate financial decision making are able to understand and explain discrepancies between the theory and the practice of corporate finance can evaluate scientific studies accurately, understand the methodology used in leading papers of the field, can interpret estimation results correctly and analyze them critically can communicate and debate topics of the lecture in a structured and professional way
Relevance	The module is practically relevant since it teaches some of the fundamental models, methods, and best practices used by financial managers working in large corporations.
Module Exam	The module-related examination is performed by a written test (usually 60-90 minutes).
Usage in different degree programs	BWL EaF Master > Pflichtbereich > 1.-2. Sem, Compulsory LA gbF/kbF BK Master > Masterprüfung in der kleinen beruflichen Fachrichtung > Finanz- und Rechnungswesen, Steuern > Wahlpflichtbereich Kleine berufliche Fachrichtung "Finanz- und Rechnungswesen, Steuern" > 1.-3. Sem, Elective MuU Master > Wahlpflichtbereich III > Wahlpflichtbereich III A.: Märkte und Unternehmen aus Unternehmensperspektive > 1.-3. Sem, Elective VWL Master > Wahlpflichtbereich II > 1.-3. Sem, Elective
Elements	Lecture Corporate Finance (3 Credits) Exercise Corporate Finance (3 Credits)
Module: Corporate Finance (WIWI‑M0878)

Lecture: Corporate Finance (3 Credits)
Name in diploma supplement	Corporate Finance
Organisational Unit	Lehrstuhl für Finanzierung
Lecturers	Prof. Dr. Heiko Jacobs
Hours per week	2	Language	English
Cycle	winter semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge Students are assumed to have an undergraduate level knowledge of finance and of statistics/econometrics. A sufficient level of spoken and written English language skills is necessary.
Abstract Structured presentation of the theory and practice of how corporations make financial decisions
Contents Statement Analysis Investments, Capital Budgeting, and DCF Valuation Valuation of Bonds and Stocks Risk and Return Capital Market Equilibrium and Cost of Capital Project Analysis and Real Options Capital Structure and Payout Policy Behavioral Corporate Finance
Literature The course is based on material from the following corporate finance books: Berk/DeMarzo: Corporate Finance Brealey/Myers/Allen: Principles of Corporate Finance Welch: Corporate Finance Ross/Westerfield/Jaffe: Corporate Finance Some additional material (mostly in the form of academic papers) will be given in the lecture.
Teaching concept The course is held in the form of lectures.
Lecture: Corporate Finance (WIWI‑C1122)

Exercise: Corporate Finance (3 Credits)
Name in diploma supplement	Corporate Finance
Organisational Unit	Lehrstuhl für Finanzierung
Lecturers	Prof. Dr. Heiko Jacobs
Hours per week	2	Language	English
Cycle	winter semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge See lecture
Contents See lecture
Literature See lecture
Teaching concept The theory, methodology, and concepts from the lecture are applied with case studies, numerical examples, and additional material. Excerpts from key scientific papers are presented to the students and are discussed together.
Exercise: Corporate Finance (WIWI‑C1123)