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. The module consists of two courses - Corporate Finance II (Dept Financing) and - Corporate Finance III (Mergers, Acquisitions and Empirical Research) .

Studienlevel / Graduation Master
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.
Dozent / Lecturer Prof. Dr. Dirk Schiereck
Betreuung / Supervision
Vorlesung / Courses Summer Term

Sprache / Language 		Corporate Finance II: Vorlesung in Deutsch / held in german
Corporate Finance III: Vorlesung in Englisch / held in english
Prüfung in Deutsch und Englisch möglich / Exam: in german and english possible

Literatur / 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.
Materialien / Materials --> moodle 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.

The examination asks both subjects “Corporate Finance II” and “Corporate Finance III”.
The questions are asked in German and English and can be answered in both languages.

Datum / Date 08.08.2025
Bearbeitungszeit / Duration 90 Min
Raumzuteilung /room allocation --> moodle SoSe 2025
Einsicht / Retreat --> moodle SoSe 2025
Datum / Date 27.01.2026
Bearbeitungszeit / Duration 90 Min
Raumzuteilung /room allocation --> moodle SoSe 2025