Corporate Finance II

Corporate Finance II

Debt Financing


Course offering details

Regular cycle Course is every Summer semester
Date and time in Summer Semester 2018 The course is not held this summer. Videos of the last course (summer 2017) are online available on the moodle platform.
Audience Students with Specialization
Instructor Prof. Dr. Dirk Schiereck
Examination in context of “Fundamentals of Finance II” 01-16-0M02/6 or especially for Incomers (01-16-2G04)
(Examination dates)

Course Description

Whereas “Corporate Finance I” focuses primarily on equity financing, “Corporate Finance II” aims for ways a company can finance itself via debt. We first introduce bank based lending. Theoretical models on the existence of banks, optimal credit contracts, credit rationing, and relationship banking are covered. Second, we introduce market based lending. We discuss the characteristica of different kind of bonds and the fundamental principals in bond valuation. Finally, debt contracts and derivaties are covered.


No prerequisites. A working knowledge of topics covered in the introductory course “Investition und Finanzierung” are helpful.


  • Hartmann-Wendels, T./Pfingsten, A. & Weber, M. (2007): Bankbetriebslehre. Kapitel B-C, 4. (Aufl.). Berlin: Springer.
  • Brealey, R. A./Myers, S. C. & Allen, F. (2006): Principles of Corporate Finance, (8th ed.). Boston: McGraw-Hill.


The course will be supported by moodle . Here you will find all materials you will need for course.