14721 - Corporate Finance Modulübersicht

Module Number: 14721
Module Title:Corporate Finance
  Unternehmensfinanzierung
Department: Faculty 3 - Mechanical Engineering, Electrical and Energy Systems
Responsible Staff Member:
  • Prof. Dr.-Ing. Wilhelm, Benno
Language of Teaching / Examination:English
Duration:1 semester
Frequency of Offer: Every semester
Credits: 6
Learning Outcome:After completing this module, students will be able to:
  • Apply key concepts and tools of Corporate Finance (according to contents)
  • Select and confidently apply appropriate methods of Corporate Finance
  • Independently expand their knowledge in Corporate Finance
  • Analyse and structure complex tasks in Corporate Finance
  • Generate and implement new ideas in Corporate Finance
  • Continually prepare and evaluate source material of Corporate Finance
  • Assess current trends in Corporate Finance
  • Present ideas and concepts confidently and convincingly
Contents:Basic Concepts
  • Time Value of Money (TVM)
  • Types of Investment
  • Capital Expenditure (CapEx)
  • Net Working Capital (NWC)
  • Practical Applications
Capital Market Theory
  • Portfolio Theory of Risk and Return
  • Efficient Market Hypothesis
  • Capital Asset Pricing Model (CAPM)
  • Beta and Arbitrage Pricing Theory (APT)
  • Weighted Average Cost of Capital (WACC)
Financial Policies
  • Dividend Policy
  • Capital Structure
  • Financial Policies in Reality
Corporate Evaluation
  • Methods and Tools
  • Merger and Acquisition (M&A)
  • Leveraged Buyouts (LBOs)
  • Initial Public Offerings (IPOs)
Special Evaluation Methods
  • Black-Scholes Model
  • Call and Put Options
  • Real Options
  • Currency Risks in Transactions
  • Leasing Concepts
Recommended Prerequisites:None
Mandatory Prerequisites:None
Forms of Teaching and Proportion:
  • Lecture / 2 Hours per Week per Semester
  • Exercise / 2 Hours per Week per Semester
  • Study project / 60 Hours
  • Self organised studies / 60 Hours
Teaching Materials and Literature:
  • Brealey, Myers, Marcus (2023) Fundamentals of Corporate Finance, 11th Edition, McGraw-Hill, New York.
  • Brealey, Myers, Allen (2006) Corporate Finance, 8th Edition, McGraw-Hill, New York.
  • Ross, Westerfield, Jaffe (2005) Corporate Finance, 7th Edition, McGraw-Hill, New York.
  • Berk, DeMarzo (2020) Corporate Finance, 5th Edition, Pearson, London.
Module Examination:Continuous Assessment (MCA)
Assessment Mode for Module Examination:
  • Four individual calculation exercises for 5% each (total 20%)
  • Group exercise (approx. 6 written pages) with presentation (approx. 30 minutes) for 10%
  • Written exam of 85 minutes for 70%
Evaluation of Module Examination:Performance Verification – graded
Limited Number of Participants:40
Part of the Study Programme:
  • Master (research-oriented) / Mathematics / PO 2025
 This module has been approved for the general studies.
Remarks:None
Module Components:
  • Vorlesung Corporate Finance
  • Übung Corporate Finance
  • Projekt Corporate Finance
Components to be offered in the Current Semester:
  • no assignment