Please select:

• SM Finance Advanced II - Empirical Finance (Master)
• SM Finance II - Corporate Finance Theory (Master)
• SM Finance Seminar - Corporate Finance (Master)

 

 

 

Module code	1259SMFi06
Course number(s)	14259.0302 (Lecture) 14259.0303 (Tutorial)
Module availability	Summer term
Language	English
ECTS	6
Workload	180 h
Independent studies	120 h
Contact time	60 h
Instructors	Univ. Prof. Dr. Dieter Hess (Vorlesung) Luca Brunke, M.Sc. (Übung, Wintersemester) Nathalie Zährl, M.Sc. (Übung, Sommersemester)
Consulting hours	Luca Brunke, M.Sc. Room 5.413 / 5th floor / Sibille-Hartmann-Str. by arrangement
	Nathalie Zährl, M.Sc. Room 5.408 / 5th floor / Sibille-Hartmann-Str. by arrangement

 

Course description

This course focuses on essential empirical methods applied widely in financial research as well as in practice.  Students will learn how to use the statistic tool SAS and how to handle data sets in order to conduct own empirical work and to critically analyze empirical studies. In particular, after a recap of the OLS estimator, the basics of data preparation and model specification will be covered. The main purpose, however, is to learn how to apply – rather than how to derive – these econometric techniques. Thus, the course is completed with the discussion of selected applications and typical problems a researcher faces. At the end, each student should be able to apply the taught concepts to specific practical problem sets.

 

 

Module code	1259SFiTh0
Course number(s)	14259.0300 & 14259.0301
Module availability	Winter term
Language	English
ECTS	6
Workload	180 h
Independent studies	120 h
Contact time	60 h
Instructors	Univ. Prof. Dr. Dieter Hess (Lectures) Simon Wolf, M.Sc. (Tutorials)
Consulting hours	Simon Wolf, M.Sc. Room 5.422 / 5th floor / Sibille-Hartmann-Str. by arrangement

 

Course description

This course focuses on the valuation of companies and individual assets. The tools and techniques include preparation of a full financial model, estimation and forecasting of free cash flows and other valuation attributes. In general, students learn to analyze annual accounts in order to extract value relevant information. The course covers primarily equity valuation models, including discounted cash flow models, models of residual income and multiples approaches. Other important topics of the course are aspects of balancing of accounts and financial realization of M&As. Moreover, different theories explaining M&A activities and defense strategies will be discussed. Students should be able to analyze manager interests in mergers and acquisitions in a critical way.

 

 

Module code	1259SMAF02
Course number(s)	14259.0307
Module availability	Summer term
Language	German
ECTS	6
Workload	180 h
Instructors	Nathalie Zährl, M.Sc.
Consulting hours	Nathalie Zährl, M.Sc. Room 5.408 / 5th floor / Sibille-Hartmann-Str. by arrangement

 

Course description

The advanced seminar Corporate Finance focuses on current theoretical and empirical issues, for example in the area of company valuation and due diligence. If possible, it takes place in the form of a practical seminar in cooperation with a company.

 

 

Please contact the Examination Office or the Student Service Center with all questions regarding the examination. Only there you can receive legally binding advice.