FIN 401: Corporate Finance and Risk Management
Contents
- A fundamental introduction to the modern theory of business financing
- An introduction to business valuation and capital costs calculus
- An introduction to the most important derivatives (futures, swaps, options)
- An introduction to corporate risk management
Learning outcomes
Participants of this partial module learn to assess and analyze the decision making problems of a finance department. They will be able to understand the effects of the fiscal system on financial decisions and to correctly calculate the capital costs for a corporation. Students will be made familiar with the essential instruments and decision-making processes inherent to the financing of listed corporations (stocks, bonds, loans, convertible bonds and other structured products). They also learn to apply and rate complex instruments, such as e.g. unconditional futures and swaps, and options for the change of chance-risk positions
Necessary prerequisites
semester 3 or higher
Recommended prerequisites
FIN 301 Investments and Asset Pricing
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 7 SWS |
| Exercise class | 2 SWS | 6 SWS |
| ECTS credits | 6 |
| Graded | yes |
| Workload | 180h |
| Language | English |
| Form of assessment | Written exam (90 min.) |
| Restricted admission | no |
| Further information | – |
Examiner Performing lecturer |  | Prof. Ernst Maug, Ph.D. Prof. Dr. Stefan Ruenzi Prof. Dr. Stefan Ruenzi / Prof. Ernst Maug Ph.D. |
| Frequency of offering | Fall semester |
| Duration of module | 1 semester |
| Range of application | B.Sc. Bus. Adm. |
| Preliminary course work | Online Quizzes |
| Program-specific Competency Goals | CG 1 |
| Literature | The course is based on the textbook „Principles of Corporate Finance“ by Richard A. Brealey, Stewart C. Myers, and Franklin Allen, 13th edition, published by McGraw-Hill 2019. Students may also rely on earlier editions. There are no other articles or further readings for this course. The book also contains practice questions and quizzes for self-study and a link to a website with further materials. Students can also use the previous editions (11th/2013 or 10th/ All lecture slides and exercise materials can be downloaded on Ilias. You will be able to access the material after registration via the student portal. |
| Course outline |
|