Corporate Finance III
Mergers, Acquisitions and Empirical Research

Corporate Finance IIII focuses on the one hand on optimizing the capital structure from equity and debt capital, on the other hand on the attractiveness of exogenous growth strategies through M&A and the value effects of different ownership constellations.

Course offering details

Target Group Master Students
Lecturer Prof. Dr. Dirk Schiereck
Supervisor
Turnus Summer Term
Dates see Tucan
Language english
Literature • Hartmann-Wendels, T./Pfingsten, A. & Weber, M. (2019): Bankbetriebslehre., 7. Aufl.. Berlin: Springer.
• Jonathan Berk & Peter DeMarzo (2020): Corporate Finance. 5. Global Edition, Pearson Education, Boston.
Material You can find the lecture notes in the moodle course “Fundamentals of Finance II”. There you will only learn the content of “Corporate Finance III”.

Course Description

The course first takes up the findings of the courses Corporate Finance I and II and brings them together in a discussion on the optimal capital structure of equity and debt. The determination of the capital structure requires a (market) valuation of equity and debt capital. Consequently, a compact presentation of the most important methods in practice for the valuation of companies and thus for a purchase price determination follows, from which questions on corporate takeovers and mergers as well as on the optimal design of the ownership structure and thus the corporate governance of (mostly listed) companies are derived.

Exam

Modul “Corporate Finance III” 01-16-2G04 for Incomer

  • The written exam last 45 minutes
  • The exam can be written in german or english
  • Date: 28.01.2025
  • Time and Place: please ask the supervisor