Business Administration 4: Corporate Finance
Prof. Dr. Jens Carsten Jackwerth
|Tue||11:45 - 13:15||A600|
The objective of this course is to develop a framework for
financing decisions and to provide a solid foundation for understanding
practical and theoretical questions concerning corporate finance. The
following main topics will be discussed:
Valuation of projects: We discuss the analysis of investment projects,
the influence of risks, taxes, and inflation, the interest rate
structure, and the required return on capital.
Capital markets: Movements of capital in the markets are described, the
role of intermediaries, sources of finance, the borrowing decision,
company valuation, and optimal portfolio composition.
Capital structure: The optimal capital structure of companies is
discussed, as well as mergers and acquisitions, the market for corporate
control, market efficiency, and leverage.