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Corporate Finance I

Corporate Finance I
Typ: Vorlesung (Master) Links:
Lehrstuhl: Finanzwirtschaft und Banken
Semester: WS 16/17
Ort:

Gaede HS

Zeit: 17.10.2016
11:30 - 13:00 wöchentlich
30.22 Gaede 30.22 Physik-Flachbau
weitere...

Beginn: 17.10.2016
Dozent: Prof.Dr. Martin Ruckes
SWS: 2
ECTS: 4,5
LVNr.: 2530212
Prüfung:

60 Minuten, schriftlich, englisch

Hinweis:

Learning target

Students learn to assess and compare corporate investment projects from a financial point of view.

Content

Firms prosper when they create value for their shareholders and stakeholders. This is achieved by investing in projects that yield higher returns than their according cost of capital. Students are told the basic tools for firm and project valuation as well as ways to implement these tools in order to enhance a firm's value and improve its investment decisions. Among other things, the course will deal with the valuation of firms and individual projects using discounted cash flow and relative valuation approaches and the valuation of flexibility deploying real options.

 

Material

See ILIAS.

Prerequisites: No

 

Description

Firms prosper when they create value for their shareholders and stakeholders. This is achieved by investing in projects that yield higher returns than their according cost of capital. Students are told the basic tools for firm and project valuation as well as ways to implement these tools in order to enhance a firm's value and improve its investment decisions. Among other things, the course will deal with the valuation of firms and individual projects using discounted cash flow and relative valuation approaches and the valuation of flexibility deploying real options.

 

Literature

Titman/Martin (2007): Valuation - The Art and Science of Corporate Investment Decisions, Addison Wesley.