Modul Fundamentals of Finance II

The "Fundamentals of Finance II" module is offered in the master’s courses in the Faculty of Law and Economics. It can also be chosen in different minor subjects. The module consists of two courses "Corporate Finance II" and "Corporate Finance III".

Course offering details

Target Group Master Students
This course is designed for students with a good knowledge of the basic concepts of finance. Although not a prerequisite, interested students should ideally have attended the course of Investition & Finanzierung .
Lecturer Prof. Dr. Dirk Schiereck
Supervisor
Turnus Summer Term
Dates see Tucan
Language Corporate Finance II: held in german
Corporate Finance III: held in english
Exam in german and english possible
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.
Materials in moodle in course“Fundamentals of Finance II”

Debt Financing

After having considered equity financing of (listed) companies in the course “Corporate Finance I”, this course deals with debt financing of (not only listed) companies under asymmetric information structures. Theoretical and institutional foundations of financial intermediation by banks and capital markets are presented, the instruments for pricing loan products are explained by means of practical examples in exercise units, and the procedure of empirically designed scientific research in this area is discussed.

Mergers, Acquisitions and Empirical Research

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.

Winter 2024/2025
Datum / Date 28.01.2025
Bearbeitungszeit / Duration 90 Min
Raumzuteilung /room allocation --> moodle SoSe 2024
Einsicht / Retreat
Um Ihre Klausur einzusehen, müssen Sie Ihren Studierenden- und einen Lichtbildausweis mitbringen. Eine Anmeldung ist nicht erforderlich.
Es wird nur diesen einen Einsichtstermin geben. Sollten Sie selbst an diesem Termin verhindert sein, können Sie eine Person für die Einsicht Ihrer Klausur bevollmächtigen. Dazu muss der/die Bevollmächtigte eine unterschriebene Vollmacht sowie eine Kopie des Lichtbild- und Studierendenausweises mitbringen.
Sommer 2025
Datum / Date
Bearbeitungszeit / Duration 90 Min
Raumzuteilung /room allocation --> moodle
Einsicht / Retreat