Advanced Corporate Finance
Program:
First Offered:
Typical Enrollment:
Credits:
Type:
Master of Science (M.Sc.) in Finance
Spring Term 2021
~15
3
Core
The course is a deep-dive into corporate finance. In every area of the topic, the students' basic core knowledge is expanded in both theory and applied skills by complementing 'textbook'-knowledge with a broad variety of case studies and industry practices. The course thereby covers a company's entire ecosystem, such as financial intermediaries or capital markets, and includes the latest in 'trending' topics such as ESG. Upon successful completion, students are equipped to either start or continue their careers in Associate-level positions in the financial industry, or to pursue a PhD degree in (corporate) finance.
Selection of Covered Topics
Purpose of the Corporation
Long-Term Financing
Capital Structure Considerations
Cost of Capital
Investment Analysis and Valuation
Mergers & Acquisitions
IPOs and Bankruptcies
Short-Term Financing
Payout Policy
Enterprise Valuation Methods
Textbook(s):
'Applied Corporate Finance'
By Damodaran. Wiley.
​
'Corporate Finance'
By Berk and DeMarzo. Pearson.
Excel
Modeling
Course
Exercises to help understand industry-typical Corporate Finance models in MS Excel
Description of Sample Slides
Lecture:
Subchapter:
​
Class 5: Cost of Capital
Subchapter: Cost of Equity
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This sample lecture is an (abridged) version of the Cost of Equity subchapter of the Cost of Capital class 5 of the course.
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Using the example of German sports apparel company Adidas, it covers how to determine the risk-free rate, Beta and equity market risk premium to determine Adidas' Cost of Equity. Students learn to calculate all components from the bottom up, including obtaining raw data, making 'smart' choices between more or less precise input data, and understanding what drivers impact the resulting Cost of Equity and how to interpret those drivers.
See Sample Slides Below
Click to Enlarge