International Business Studies FT
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Corporate Finance II

level of course unit

Advanced

Learning outcomes of course unit

(Complete) capital markets will serve as a benchmark for evaluation purposes and the acquisition of relevant information. Students will master theoretical concepts such as the value of capital, the capital asset pricing model (CAPM), information-efficient markets as well as principal-agent-relationships. These will then be applied so that budgeting and investment, as well as capital structure and payout decisions (dividend policy) can be mastered.

prerequisites and co-requisites

FI1

course contents

This course builds on the material from the course 'Corporate Finance I'. Topics that will be focused on are: the principles of the option pricing theory and its application in real investment valuation, the model of the complete and information-efficient capital market and international trends in the improvement of financial markets, required rates of return of the investors as the basis of the cost of capital concept (risks in changing interest rates, duration, inflation and exchange rates as well as the use of appropriate financial innovations for back-up purposes), explicit capital costs of individual financing options as well as the determination and limits of implicit capital costs.

recommended or required reading

Berk/DeMarzo (2013). Corporate Finance. Pearson Education.
Brealey/Myers/Allen (2010). Principles of Corporate Finance – Global Edition. McGraw-Hill.
Brealey (2011). Fundamentals of Corporate Finance. McGraw-Hill.

assessment methods and criteria

Written exam and/or scientific paper and/or presentation

language of instruction

English

number of ECTS credits allocated

3

planned learning activities and teaching methods

Lecture, group work, presentation and task discussion

semester/trimester when the course unit is delivered

2

name of lecturer(s)

Dipl.-Kffr., Dr. Galkiewicz Dominika

year of study

1st year

recommended optional program components

not specified

course unit code

V.FI2.2

type of course unit

compulsory

mode of delivery

In-class course

work placement(s)

not applicable