Dozent/in |
Prof. Dr. oec. Beat Affolter; Prof. Dr. Mehdi Mostowfi |
Veranstaltungsart |
Vorlesung |
Code |
FS231079 |
Semester |
Frühjahrssemester 2023 |
Durchführender Fachbereich |
Wirtschaftswissenschaften |
Studienstufe |
Master |
Termin/e |
Mi, 22.02.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 08.03.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 22.03.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 05.04.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 26.04.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 10.05.2023, 16:15 - 20:00 Uhr, HS 7 Mi, 24.05.2023, 18:15 - 19:15 Uhr, HS 10 (Prüfung) Mi, 24.05.2023, 16:15 - 20:00 Uhr, HS 7 |
Umfang |
2 Semesterwochenstunden |
Inhalt |
Students apply the methodologies and concepts of financial theory to a range of problems concerning the investment and financing decision of listed and private companies. The course also deals with practical problems and aspects of raising equity capital for SMEs and corporates in entrepreneurial settings in general:
Risk and return: Portfolio theory and capital asset pricing model and its critique, risk and return of financial instruments, cost of capital
Investment decision: Net present value, IRR, application and problems in practice
Financing decision and capital structure: Financing instruments, risk/return of capital structure decisions, Modigliani/Miller irrelevance theory, trade-off theory, pecking-order theory, payout decision (dividends and share repurchases)
Debt financing: bond financing, bond valuation, bond duration
Equity financing: Overview of sources in the context of raising equity capital, Private Equity / Venture Capital Financing, Seasoned Offerings, IPOs (Unseasoned Offerings) |
Lernziele |
- Understand and apply risk return considerations
- Understand and apply cost of capital calculations
- Understand and apply net present value and IRR calculations in different situations
- Understand and apply capital structure considerations based on different theories (Modigliani/Miller, trade-off, pecking order, payout policy)
- Understand and apply credit and bond financing including valuation and duration
- Know structure and strategies of Private Equity funds and understand pros/cons of Venture Capital financing for entrepreneurial businesses
- Know different kinds of seasoned offerings and how to value rights
- Know how IPOs work and understand pros/cons of a listing for entrepreneurial businesses |
Sprache |
Englisch |
Anmeldung |
To attend the course /
exercise, registration via e-learning platform OLAT is required. Registration
is possible from 6 February to 3 March 2023. The students themselves
are responsible for checking the creditability of the course to their course of
study.
Direct link to OLAT course: https://lms.uzh.ch/url/RepositoryEntry/17335386500 |
Prüfung |
***IMPORTANT*** In order to acquire credits, resp. to take the examination, registration via the Uni Portal within the examination registration period is ESSENTIALLY REQUIRED. Further information on registration: www.unilu.ch/wf/pruefungen |
Abschlussform / Credits |
Written exam / 3 Credits
|
Hörer-/innen |
Ja |
Kontakt |
beat.affolter@doz.unilu.ch / mehdi.mostowfi@doz.unilu.ch |
Literatur |
Relevant chapters of different books will be made available on OLAT
Berk, J., DeMarzo, P. (2019). Corporate Finance – Global Edition, 5. Auflage, Pearson, 2019 ISBN: 978-1292-30415-1 |