| Dozent/in |
Prof. Dr. oec. Beat Affolter; Prof. Dr. Mehdi Mostowfi |
| Veranstaltungsart |
Vorlesung |
| Code |
FS251012 |
| Semester |
Frühjahrssemester 2025 |
| Durchführender Fachbereich |
Wirtschaftswissenschaften |
| Studienstufe |
Master |
| Termin/e |
Mi, 19.02.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 05.03.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 19.03.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 02.04.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 16.04.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 30.04.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 14.05.2025, 16:15 - 20:00 Uhr, 4.B55
Mi, 28.05.2025, 17:15 - 18:15 Uhr, HS 9
Mi, 28.05.2025, 16:15 - 20:00 Uhr, 4.B55 |
| Umfang |
2 Semesterwochenstunden |
| Inhalt |
Students apply the methodologies and concepts of finance 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 and the influence of sustainability considerations on corporate financing.
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)
Sustainability:
Overview of the sustainability discourse, the different approaches to measure sustainability (dual materiality, ESG vs. SDG), the impact of sustainability on corporate financing and the different sustainability-related financing instruments. |
| Schlagworte |
Nachhaltigkeit |
| Lernziele |
- Understand and apply risk return considerations and the concept of cost of capital
- Understand how firms can evaluate projects from a financial point of view 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
- 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
- Understand how sustainability considerations affect corporate financing and how ESG and SDG ratings work.
- Understand the different sustainability-related financing instruments such as green bonds and sustainability-linked bonds. |
| Sprache |
Englisch |
| Anmeldung |
To attend the course / exercise, registration via e-learning platform OLAT is required. Registration is possible from 3 – 28 February 2025. 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/17654940196 |
| 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@zhaw.ch / mehdi.mostowfi@zhaw.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 |